Question 1

The __________ financial model measures the current value of all cash inflows using management's minimum desired rate of return.

Accepted Answer

A)  FUBAR
B)  ARR
C)  IRS
D)  IRB
E)  None of theseF) A) and C)
G) C) and D)

Question 2

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

Accepted Answer

project screening matrix
Explanation: A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.Weighted scoring models will generally include qualitative and/or quantitative criteria.Each selection criterion is assigned a weight.Scores are assigned to each criterion for the project, based on its importance to the project being evaluated.The weights and scores are multiplied to get a total weighted score for the project.Using these multiple screening criteria, projects can then be compared using the weighted score.Projects with higher weighted scores are considered better.

Question 3

In classifying the kinds of projects an organization has in its portfolio, projects that are typically those needed to meet regulatory conditions required to operate in a region are ___________ projects.

Accepted Answer

compliance (must do
Explanatio...

Question 4

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.

Accepted Answer

nonfinancial
Explanation: Capturing a la...

Question 5

Which of the following is true of multiweighted scoring models?

Accepted Answer

A)  Will include quantitative criteria
B)  Will include qualitative criteria
C)  Each criterion is assigned a weight.
D)  Projects with higher scores are considered more desirable.
E)  All of these are true.F) A) and B)
G) C) and D)

Question 6

When it comes to project prioritization, senior management is responsible for

Accepted Answer

A)  setting the course for the organization.
B)  determining the priority of each project.
C)  developing a culture where everyone contributes to the project success.
D)  all of the above.E) A) and C)
F) A) and B)

Question 7

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

Accepted Answer

The implementation gap refers to the lac...

Question 8

Typically, a project sponsor is

Accepted Answer

A)  instrumental in approving a project.
B)  key to support a project to its completion.
C)  a lower-level staff member.
D)  instrumental in approving a project and key to support a project to its completion.E) A) and C)
F) A) and D)

Question 9

Examples of nonfinancial criteria include all of the following EXCEPT

Accepted Answer

A)  Capturing a larger market share.
B)  Reducing dependency on unreliable suppliers.
C)  Preventing government intervention and regulation.
D)  Making it difficult for competitors to enter the market.
E)  Calculating the time it will take to recover the project investment.F) A) and B)
G) C) and D)

Question 10

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

Accepted Answer

net present value (npv
Explanation: The ...

Question 11

________ translate the organization's strategy into specific, concrete, and measurable terms.

Accepted Answer

Objectives
Explanation: Object...

Question 12

Starting and stopping work on one task to go and work on another project, and then returning to work on the original task is known as ___________.

Accepted Answer

multitasking
Explanation: Multitasking involves starting one task only to leave that task to work on another and then having to come back to the original task again.It can add to delays and an increase in cost.

Question 13

If a proposed project does not meet one of the designated "must" objectives, it is immediately removed from consideration.

Accepted Answer

A) True 
 B)False

Question 14

Objectives should be specific, marketable, assignable, realistic, and time related.

Accepted Answer

A) True 
 B)False

Question 15

The assessment of the external and internal environments is called the SWOT analysis.

Accepted Answer

A) True 
 B)False

Question 16

Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.

Accepted Answer

A) True 
 B)False

Question 17

A SWOT analysis provides the Project Manager with

Accepted Answer

A)  a direct linkage to goals.
B)  identifiable strategic alternative.
C)  potential critical issues facing the organization.
D)  identifiable strategic alternative and potential critical issues facing the organization.E) A) and B)
F) A) and C)

Question 18

Identify and briefly discuss the three classes of projects usually found in an organization's project portfolio.

Accepted Answer

(1)Compliance (must do).
(2)Operational.
(3)Strategic

Question 19

The assessment of the internal and external environments is known as a(n)________.

Accepted Answer

SWOT analysis
Explanation: The keys are ...

Question 20

In classifying the kinds of projects an organization has in its portfolio, projects that directly support the organization's long-term mission are ________ projects.

Accepted Answer

strategic
Explanation: Strateg...

Exam 2: Organization Strategy and Project Selection

The __________ financial model measures the current value of all cash inflows using management's minimum desired rate of return.

Correct Answer
verified

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

In classifying the kinds of projects an organization has in its portfolio, projects that are typically those needed to meet regulatory conditions required to operate in a region are ___________ projects.

Correct Answer
verified
compliance (must do
Explanatio...
View Answer

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.

Correct Answer
verified
nonfinancial
Explanation: Capturing a la...
View Answer

Which of the following is true of multiweighted scoring models?

Correct Answer
verified

When it comes to project prioritization, senior management is responsible for

Correct Answer
verified

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

Correct Answer
verified
The implementation gap refers to the lac...
View Answer

Typically, a project sponsor is

Correct Answer
verified

Examples of nonfinancial criteria include all of the following EXCEPT

Correct Answer
verified

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

Correct Answer
verified
net present value (npv
Explanation: The ...
View Answer

________ translate the organization's strategy into specific, concrete, and measurable terms.

Correct Answer
verified
Objectives
Explanation: Object...
View Answer

Starting and stopping work on one task to go and work on another project, and then returning to work on the original task is known as ___________.

Correct Answer
verified
multitasking Explanation: Multitasking involves starting one task only to leave that task to work on another and then having to come back to the original task again.It can add to delays and an increase in cost.

If a proposed project does not meet one of the designated "must" objectives, it is immediately removed from consideration.

Correct Answer
verified

Objectives should be specific, marketable, assignable, realistic, and time related.

Correct Answer
verified

The assessment of the external and internal environments is called the SWOT analysis.

Correct Answer
verified

Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.

Correct Answer
verified

A SWOT analysis provides the Project Manager with

Correct Answer
verified

Identify and briefly discuss the three classes of projects usually found in an organization's project portfolio.

Correct Answer
verified
(1)Compliance (must do). (2)Operational. (3)Strategic

The assessment of the internal and external environments is known as a(n)________.

Correct Answer
verified
SWOT analysis
Explanation: The keys are ...
View Answer

In classifying the kinds of projects an organization has in its portfolio, projects that directly support the organization's long-term mission are ________ projects.

Correct Answer
verified
strategic
Explanation: Strateg...
View Answer

Exam 2: Organization Strategy and Project Selection

The __________ financial model measures the current value of all cash inflows using management's minimum desired rate of return.

Correct AnswerverifiedShow Answer

A weighted scoring model typically uses several weighted selection criteria to evaluate project proposals.An example of this would be a(n)____________.

In classifying the kinds of projects an organization has in its portfolio, projects that are typically those needed to meet regulatory conditions required to operate in a region are ___________ projects.

Correct Answerverifiedcompliance (must doExplanatio...View AnswerShow Answer

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.

Correct AnswerverifiednonfinancialExplanation: Capturing a la...View AnswerShow Answer

Which of the following is true of multiweighted scoring models?

Correct AnswerverifiedShow Answer

When it comes to project prioritization, senior management is responsible for

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedThe implementation gap refers to the lac...View AnswerShow Answer

Typically, a project sponsor is

Correct AnswerverifiedShow Answer

Examples of nonfinancial criteria include all of the following EXCEPT

Correct AnswerverifiedShow Answer

The financial model that measures the current value of all cash inflows and outflows using management's minimum desired rate of return is known as the _________ model.

Correct Answerverifiednet present value (npvExplanation: The ...View AnswerShow Answer

________ translate the organization's strategy into specific, concrete, and measurable terms.

Correct AnswerverifiedObjectivesExplanation: Object...View AnswerShow Answer

Starting and stopping work on one task to go and work on another project, and then returning to work on the original task is known as ___________.

Correct Answerverifiedmultitasking Explanation: Multitasking involves starting one task only to leave that task to work on another and then having to come back to the original task again.It can add to delays and an increase in cost.

If a proposed project does not meet one of the designated "must" objectives, it is immediately removed from consideration.

Correct AnswerverifiedShow Answer

Objectives should be specific, marketable, assignable, realistic, and time related.

Correct AnswerverifiedShow Answer

The assessment of the external and internal environments is called the SWOT analysis.

Correct AnswerverifiedShow Answer

Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa.

Correct AnswerverifiedShow Answer

A SWOT analysis provides the Project Manager with

Correct AnswerverifiedShow Answer

Identify and briefly discuss the three classes of projects usually found in an organization's project portfolio.

Correct Answerverified(1)Compliance (must do). (2)Operational. (3)Strategic

The assessment of the internal and external environments is known as a(n)________.

Correct AnswerverifiedSWOT analysisExplanation: The keys are ...View AnswerShow Answer

In classifying the kinds of projects an organization has in its portfolio, projects that directly support the organization's long-term mission are ________ projects.

Correct AnswerverifiedstrategicExplanation: Strateg...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified
compliance (must do
Explanatio...
View Answer

Correct Answer
verified
nonfinancial
Explanation: Capturing a la...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The implementation gap refers to the lac...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
net present value (npv
Explanation: The ...
View Answer

Correct Answer
verified
Objectives
Explanation: Object...
View Answer

Correct Answer
verified
multitasking Explanation: Multitasking involves starting one task only to leave that task to work on another and then having to come back to the original task again.It can add to delays and an increase in cost.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
(1)Compliance (must do). (2)Operational. (3)Strategic

Correct Answer
verified
SWOT analysis
Explanation: The keys are ...
View Answer

Correct Answer
verified
strategic
Explanation: Strateg...
View Answer