Project Management 1The correct answer for each question is indicated by a This is the correct answer..

1 Which of the following is not one of the commonly heard comments of project managers?A) Where did this project come from?B) Why are we doing this project?C) How can all these projects be first priority?D) Why is this project so strongly linked to the strategic plan?E) Where are we going to get the resources to do this project?Ans : D2 Strategy considered to be under purview of senior management isA) Old school thinkingB) A new school of management thoughtC) Necessary in a company structureD) Beneficial to the Project ManagerE) Dependent on company goalsAns: A3 The intended outcome of strategy/projects integration isA) Clear organization focusB) Best use of scarce organization resourcesC) Improved communication across projects and departmentsD) Both A and C are correctE) A, B, and C are all correctAns: E4 Project managers who do not understand the role that their project plays in accomplishing the organization's strategy tend to make all the following mistakes except:A) Focusing on low priority problemsB) Overemphasizing technology as an end in and of itselfC) Focusing on the immediate customerD) Trying to solve every customer issueE) All the above are likely mistakesAns: E5 The textbook indicated that ________ is the major dimension of strategic management.A) Responding to changes in the external marketB) Allocating scarce resources of the organizationC) Beating competition to the marketD) Both a and b are correctE) Both a and c are correctANS grin emoticon6 Which of the following questions does the organization's mission statement answer?A) What are our long-term strategies?B) What are our long-term goals and objectives?C) How do we operate in the existing environment?D) What do we want to become?

E) All of these are answered by the mission statementANS:D7 Strategy formulation includes which of the following activities?A) Determining alternativesB) Creating profitability targetsC) Evaluating alternativesD) Both a and c are correctE) A, B, and C are all correctANS:D8 The assessment of the external and internal environments is called _______ analysis.A) SWOT analysisB) CompetitiveC) IndustryD) MarketE) StrategicANS:A9 Which of the following is not one of the requirements for successful implementation of strategies through projects?A) Allocation of resourcesB) Prioritizing of projectsC) Motivation of project contributorsD) Adequate planning and control systemsE) All of these are requirementsANS:E10 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 experiencingA) Poor schedulingB) Excess work burdenC) Flexible taskingD) MultitaskingE) BurnoutANS: D11Project selection criteria are typically classified as:A) Financial and non-financialB) Short-term and long-termC) Strategic and tacticalD) Required and optionalE) Cost and scheduleANS:A12 Which of the following is not one of the classifications for assessing a project portfolio?A) Sacred cowB) Bread-and-butter

C) PearlsD) OystersE) White elephantsANS:A13 Which of the following is the reason(s) why project managers need to understand their organization's mission and strategy?A) To make appropriate decisions and adjustmentsB) To be effective project advocatesC) To be able to get their job doneD) Both A and B are correctE) A, B, and C are all correctANS:D14 Which of the following is not true of multi-weighted scoring models?A) Will include quantitative criteriaB) Will include qualitative criteriaC) Each criterion is assigned a weightD) Projects with higher scores are considered more desirableE) All of the above are trueANS: E15 Which of the following is a common multicriteria selection model?A) ChecklistB) Net Present ValueC) Weighted criteria modelD) Both A and C are correctE) All of these are common multicriteria selection modelsANS:D