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1 | |
A critical factor to ensure the success of integrating the strategic plan with projects lies in a process that |
| | A) | is open and published for all participants to review |
| | B) | starts with top management's directives |
| | C) | with projects first and integrates them with the strategic plan |
| | D) | both b and c are correct |
| | E) | a, b, and c are all correct |
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2 | |
Which of the following is a main reason why project managers need to understand their organization's mission and strategy? |
| | A) | They can better focus on the immediate customer. |
| | B) | They can make appropriate decisions and adjustments. |
| | C) | So they can be effective project advocates. |
| | D) | both B and C are correct |
| | E) | A, B, and C are all correct |
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3 | |
The textbook indicated that ________is the major dimension of strategic management. |
| | A) | responding to changes in the external market |
| | B) | allocating scarce resources of the organization |
| | C) | beating competition to the market |
| | D) | both a and b are correct |
| | E) | both a and c are correct |
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4 | |
Which of the following is the correct order for the strategic management process? |
| | A) | strategies, mission, goals, projects |
| | B) | goals, projects, mission, strategies |
| | C) | mission, goals, strategies, projects |
| | D) | goals, mission, strategies, projects |
| | E) | projects, mission, strategies, goals |
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5 | |
Which of the following is not one of the traditional components found in mission statements? |
| | A) | major products and services |
| | B) | profitability |
| | C) | target customers and markets |
| | D) | geographic domain |
| | E) | contribution to society |
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6 | |
Which of the following is not one of the characteristics of effective objectives? |
| | A) | Realistic |
| | B) | Assignable |
| | C) | Flexible |
| | D) | Specific |
| | E) | Measurable |
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7 | |
The assessment of the external and internal environments is called _______ analysis. |
| | A) | SWOT analysis |
| | B) | competitive |
| | C) | industry |
| | D) | market |
| | E) | strategic |
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8 | |
Which of the following is not one of the requirements for successful implementation of strategies through projects? |
| | A) | allocation of resources |
| | B) | prioritizing of projects |
| | C) | motivation of project contributors |
| | D) | adequate planning and control systems |
| | E) | all of these are requirements |
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9 | |
Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating? |
| | A) | sacred cow |
| | B) | pet project |
| | C) | political necessity |
| | D) | special undertaking |
| | E) | strategic ploy |
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10 | |
Which of the following financial models are typically included in project selection? |
| | A) | payback |
| | B) | net present value |
| | C) | Internal rate of return |
| | D) | both a and b are correct |
| | E) | a, b, and c are all correct |
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11 | |
Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications? |
| | A) | compliance and emergency |
| | B) | operational |
| | C) | strategic |
| | D) | political necessity |
| | E) | all of these are typical classifications |
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12 | |
Which of the following is not true of multi-weighted scoring models? |
| | 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 the above are true |
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