Question 1
2 out of 2 points
The assessment of the external and internal environments is called _______ analysis.
Selected Answer:
SWOT
Response
Feedback:
correct
MC Qu. 15 (Static) The assessment of the external and...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 2
2 out of 2 points
The assessment of the internal and external environments is known as a(n) ________.
Selected Answer:
SWOT analysis
Response
Feedback:
correct
MC Qu. 56 (Static) The assessment of...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 3
2 out of 2 points
Which of the following is NOT true for strategic management?
Selected
Answer: It should be done once every few years just before developing the
operating plan.
Response
Feedback:
correct
MC Qu. 09 (Static) Which of the following is NOT...
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 4
2 out of 2 points
In a SWOT analysis, good product quality, low debt, and an established supplier network are
examples of internal ________.
Selected Answer:
strengths
Response
Feedback:
correct
MC Qu. 54 (Static) In a SWOT analysis, good...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 5
2 out of 2 points
One way to offset the influence of politics on project management within an organization is to
have a well-defined project selection model.
Selected Answer:
True
Response
Feedback: Top management needs to develop a system for identifying and selecting
projects that reduces the impact of internal politics and fosters the selection
of the best projects for achieving the mission and strategy of the firm.
TF Qu. 86 (Static) One way to offset the influence...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Apply
Difficulty: 3 Hard
Learning Objective: 02-08 Apply an objective priority system to project
selection.
Topic: Applying a Selection Model
Type: Static
Question 6
2 out of 2 points
Examples of nonfinancial criteria include all of the following EXCEPT
Selected Answer:
calculating the time it will take to recover the project investment.
Response
Feedback:
correct
MC Qu. 27 (Static) Examples of nonfinancial criteria include all...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-07 Understand how multi-criteria models can be
used to select projects.
Topic: Selection Criteria
Type: Static
Question 7
2 out of 2 points
Many organizations have three different kinds of projects in their portfolio: compliance,
operational, and sacred cows.
Selected Answer:
False
Response
Feedback: Many organizations find they have three different kinds of projects in their
portfolio: compliance and emergency (must do), operational, and strategic
projects.
TF Qu. 81 (Static) Many organizations have three different kinds...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-04 Distinguish among three kinds of projects.
Topic: Project Classification
Type: Static
Question 8
2 out of 2 points
When it comes to project prioritization, senior management is responsible for
Selected Answer:
All of the these choices are correct.
Response
Feedback:
correct
MC Qu. 32 (Static) When it comes to project...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-08 Apply an objective priority system to project
selection.
Topic: Applying a Selection Model
Type: Static
Question 9
2 out of 2 points
A project that a powerful, high-ranking official is advocating is often termed a(n)
___________.
Selected Answer:
Sacred cow
Response
Feedback:
correct
MC Qu. 58 (Static) A project that a...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-03 Understand the need for a project priority
system.
Topic: The Need for a Project Priority System
Type: Static
Question 10
2 out of 2 points
The NPV financial model measures the time it will take to recover the project investment.
Selected Answer:
False
Response
Feedback: The net present value (NPV) model uses management's minimum desired
rate of return (discount rate, for example, 20 percent) to compute the present
value of all net cash inflows.
TF Qu. 89 (Static) The NPV financial model measures the...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-06 Apply financial and nonfinancial criteria to
assess the value of projects.
Topic: Selection Criteria
Type: Static
Question 11
2 out of 2 points
A written mission statement provides focus for decision making when shared by
organizational managers and employees.
Selected Answer:
True
Response
Feedback: A written mission statement provides focus for decision making when shared
by organizational managers and employees. Everyone in the organization
should be keenly aware of the organization's mission.
TF Qu. 72 (Static) A written mission statement provides focus...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-02 Identify the significant role projects contribute to
the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 12
2 out of 2 points
Which of the following problems refers to lack of understanding and consensus of
organization strategy among top and middle-level managers? This also can result when top
management formulates strategy and leaves implementation to functional managers.
Selected Answer:
Implementation gap
Response
Feedback:
correct
MC Qu. 08 (Static) Which of the following problems refers...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-03 Understand the need for a project priority
system.
Topic: The Need for a Project Priority System
Type: Static
Question 13
0 out of 2 points
A weighted scoring model typically uses several weighted selection criteria to evaluate
project proposals. An example of this would be a(n) ____________.
Selected Answer:
selection criterion
Response
Feedback:
incorrect
MC Qu. 52 (Static) A weighted scoring model typically...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-07 Understand how multi-criteria models can be
used to select projects.
Topic: Selection Criteria
Type: Static
Question 14
2 out of 2 points
The management system that spans the lifetime of the project is called the ____.
Selected Answer:
phase gate model
Response
Feedback:
correct
MC Qu. 40 (Static) The management system...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-05 Describe how the phase gate model applies to
project management.
Topic: Phase Gate Model
Type: Static
Question 15
2 out of 2 points
The financial model that measures the time it will take to recover the project investment is the
__________ model.
Selected Answer:
payback
Response
Feedback:
correct
MC Qu. 61 (Static) The financial model...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-06 Apply financial and nonfinancial criteria to
assess the value of projects.
Topic: Selection Criteria
Type: Static
Question 16
2 out of 2 points
The first part of the management system that spans the lifetime of the project is called the
____.
Selected Answer:
project selection process
Response
Feedback:
correct
MC Qu. 41 (Static) The first part of...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-05 Describe how the phase gate model applies to
project management.
Topic: Phase Gate Model
Type: Static
Question 17
2 out of 2 points
Which of the following would be classified as an organizational opportunity?
Selected Answer:
Increasing product demand
Response
Feedback:
correct
MC Qu. 17 (Static) Which of the following would be...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 18
2 out of 2 points
Strategy is implemented through projects.
Selected Answer:
True
Response
Feedback: Strategy is implemented through projects. Every project should have a
clear link to the organization's strategy.
TF Qu. 80 (Static) Strategy is...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-01 Explain why it is important for project
managers to understand their organization's strategy.
Topic: Why Project Managers Need to Understand Strategy
Type: Static
Question 19
0 out of 2 points
Which of the following questions does the organization's mission statement answer?
Selected Answer:
All of these are answered by the mission statement.
Response
Feedback:
incorrect
MC Qu. 11 (Static) Which of the following questions does...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 20
2 out of 2 points
Three possible outcomes emanate from each gate. They are ____.
Selected Answer:
proceed, cancel, or revise and submit
Response
Feedback:
correct
MC Qu. 45 (Static) Three possible outcomes...
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-05 Describe how the phase gate model applies to
project management.
Topic: Phase Gate Model
Type: Static
Question 21
2 out of 2 points
Studies have shown that companies using predominantly financial criteria to prioritize
projects yield unbalanced portfolios and projects that aren't strategically aligned.
Selected Answer:
True
Response
Feedback: Pure financial models fail to include many projects where financial return is
difficult to measure and/or other factors that are vital to the project
selection.
TF Qu. 87 (Static) Studies have shown that companies using...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-06 Apply financial and nonfinancial criteria to
assess the value of projects.
Topic: Selection Criteria
Type: Static
Question 22
2 out of 2 points
If a preliminary proposal is approved, then ____.
Selected
Answer: a project manager and staff are assigned to develop a more comprehensive
implementation plan
Response
Feedback:
correct
MC Qu. 46 (Static) If a preliminary proposal...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-05 Describe how the phase gate model applies to
project management.
Topic: Phase Gate Model
Type: Static
Question 23
2 out of 2 points
Which of the following is the correct order for the strategic management process?
Selected Answer:
Mission, strategies, objectives, projects
Response
Feedback:
correct
MC Qu. 10 (Static) Which of the following is the...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-02 Identify the significant role projects contribute
to the strategic direction of the organization.
Topic: The Strategic Management Process: An Overview
Type: Static
Question 24
2 out of 2 points
When considering criteria used to select projects, capturing a larger market share or reducing
the dependency on unreliable suppliers would both be examples of __________ criteria.
Selected Answer:
Nonfinancial
Response
Feedback:
correct
MC Qu. 66 (Static) When considering criteria...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 02-06 Apply financial and nonfinancial criteria to
assess the value of projects.
Topic: Selection Criteria
Type: Static
Question 25
0 out of 2 points
Project managers should not engage in organizational politics.
Selected Answer:
True
Response
Feedback: Many would argue that politics and project management should not mix. A
more proactive response is that projects and politics invariably mix and that
effective project managers recognize that any significant project has political
ramifications.
TF Qu. 73 (Static) Project managers should not engage in...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Accessibility: Screen Reader Compatible
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 02-03 Understand the need for a project priority system.
Topic: The Need for a Project Priority System
Type: Static
Sunday, September 6, 2020 3:00:37 PM EDT
