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Exam 2: Organization Strategy and Project Selection

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Question 1

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Project management historically has been preoccupied solely with the planning and execution of projects while strategy was under the purview of senior management.

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Question 2

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The process of assessing "what we are" and deciding and implementing "what we intend to be and how we are going to get there" is ______________.

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strategic management
Explanation: Strate...

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Question 3

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The NPV financial model measures the time it will take to recover the project investment.

In some cases organizations will use a(n)__________ to solicit ideas for projects when the knowledge requirements for the project are not available in the organization.

What is the implementation gap and how does it impact project management? How can it be prevented?

Project managers should not engage in organizational politics.

One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model.

Which of the following terms is often used to denote a project that a powerful,high-ranking official is advocating?

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.

One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy.

A project screening matrix typically contains all of the following EXCEPT

A project that a powerful,high-ranking official is advocating is often termed a(n)___________.

Identify and briefly describe the five characteristics of effective objectives.

Susie's department is implementing many projects.She finds herself starting and stopping work on one task to go and work on another task,and then return to the work on the original task.Susie is experiencing

Many organizations have three different kinds of projects in their portfolio: compliance,operational,and sacred cows.

How strategies will be realized,given available resources,is answered through __________.

In order to formulate strategies that align with the mission the organization will need to

The lack of understanding and consensus of organization strategy among top and middle-level managers is known as the __________.

A project selection process that is strongly linked to strategy results in

Which of the following is NOT one of the characteristics of effective objectives?