M2-Quiz-Organization Strategy and Project Selection BMA 4102 Project Management

9/16/21, 7:57 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
M2-Quiz-Organization Strategy and Project Selection

Due
Sep 16 at 9am
Points
200
Questions
100
Available
Sep 16 at 7:30am - Sep 16 at 9am
about 2 hours
Time Limit
90 Minutes
Attempt History
Attempt Time Score
LATEST Attempt 1
26 minutes 100 out of 200

Correct answers are hidden.
Score for this quiz:

100 out of 200
Submitted Sep 16 at 7:57am
This attempt took 26 minutes.
Question 1 2
/ 2 pts
Which of the following is NOT a problem associated with the absence of a

project portfolio system?

Multitasking

Resource conflicts

Implementation gap

Organizational politics

Lack of funding
https://ue.instructure.com/courses/22603/quizzes/101119 1/36
A project portfolio system can go a long way to reduce the impact

the implementation gap, organization politics, resource conflicts
and multitasking.
Question 2 2
/ 2 pts
Why do project managers need to understand their organization's mission

and strategy?

It is only important for senior management to understand the organization's
mission and strategy

To get their job done and increase opportunities for promotion

So that they can make sure the customer is satisfied

So they can make appropriate decisions and adjustments and be effective
project advocates

To reduce project duration and increase the number of projects
implemented
There are two main reasons why project managers need to

understand their organization's mission and strategy. The first
reason is so they can make appropriate decisions and
adjustments. For example, how a project manager would respond
to a suggestion to modify the design of a product to enhance
performance will vary depending upon whether his company
strives to be a product leader through innovation or to achieve
operational excellence through low cost solutions. The second
reason project managers need to understand their organization's
strategy is so that they can be effective project advocates. Project
managers have to be able to demonstrate to senior management
how their project contributes to their firm's mission.
Question 3 2
/ 2 pts
Project proposals are employed when _____and are used to make

______decisions.

a project idea is considered worthwhile, project selection

a project concept fails to gain acceptance, project cost and scheduling

a high-level organization official wishes to submit a proposal, project cost
and scheduling

a high-level organization official wishes to submit a proposal, project
scheduling

a project concept fails to get acceptance, project cost estimation
Projects begin in the head of a person who has an idea for a

project that he believes is worth investing the time and effort to
submit a formal proposal. Then a formal proposal is written by that
person. The proposal undergoes a rigorous selection process that
results in either acceptance or rejection.
Question 4 2
/ 2 pts
When it comes to project prioritization, senior management is responsible

for

determining the priority of each project.

setting the course for the organization.

directing the organization to a strong future position.

developing a culture where everyone contributes to the goals of the
organization.

All of the these choices are correct.
Senior management has ultimate responsibility for prioritizing each

and every project, for directing the organization to a strong future
position, for developing a culture where everyone contributes to
the goals of the organization.
Question 5 2
/ 2 pts
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.

Implementation gap

Resource conflicts

Multitasking

Employee turnover

Organization politics
The implementation gap refers to the lack of understanding and

consensus of organization strategy among top and middle-level
management.
Question 6 2
/ 2 pts
Which of the following would be classified as an organizational

opportunity?

Excellent employees

Government regulation

Low debt

Talented management

Increasing product demand
Typical opportunities are increasing demand, emerging markets,

and demographics. Managers or individual firms have limited
opportunities to influence such external environmental factors;
however, in recent years notable exceptions have been new
technologies such as Apple using the iPod to create a market to
sell music.
Question 7 2
/ 2 pts
A SWOT analysis provides the Project Manager with

a direct linkage to goals.

an identifiable strategic alternative.

an identifiable strategic alternative and potential critical issues facing the
organization.

potential critical issues facing the organization.

a direct linkage to goals and an identifiable strategic alternative.
This simple, but challenging tool can be important in the initial

guidance and on-going management of a project.
Question 8 2
/ 2 pts
An operational project is one that


always is extremely relevant to the strategic vision of the organization.

is completed to meet regulatory compliance.

must be completed.

can improve organizational performance.

supports an organizations’ long-run mission.
There is no real purpose for an operational project other than to

improve performance.
Question 9 2
/ 2 pts
If a preliminary proposal is approved, then ____.

a project manager and staff are assigned to develop a more
comprehensive implementation plan

the project is funded and formal detailed planning begins

the project is funded and execution begins

the project is funded or shelved awaiting funding

the project is allocated limited resources
If the preliminary proposal is approved, then a project manager

and staff are assigned to develop a more comprehensive
implementation plan. The preliminary proposal is revised and
expanded.
Question 10 2
/ 2 pts
A project selection process that is strongly linked to strategy results in

more projects.

a larger and more diverse organization.

the most profit.

better utilization of the organization's resources.

stronger core competencies.
Without integration of projects with the strategic plan, resources

are poorly utilized. Conversely, organizations that have a link of
projects to strategy have more cooperation across the
organization, perform better on projects and tend to have fewer
projects.
Question 11 2
/ 2 pts
At each gate a(n) _______ is made.

evaluation

assessment

judgement

analysis

decision
At each gate a decision is made. This may be preceded by

assessment, evaluation, analysis and judgement, but ultimately all
of this translates into a decision about whether to continue,
whether to cancel, whether to revise and resubmit, etc.
Question 12 2
/ 2 pts
Regardless of the criteria differences among different types of projects,

typically the most important criterion for project selection is

how the project will balance risk within the project portfolio.

nonfinancial.

profit.

the project's fit to the organization strategy.

compliance.
The project's fit to the organization strategy is the most important

criterion for project selection. This criterion should be consistent
across all types of projects and carry a high priority relative to
other criteria.
Question 13 2
/ 2 pts
The assessment of the external and internal environments is called

_______ analysis.

SWOT

Industry

Strategic

Competitive

Market
The keys are to attempt to forecast fundamental industry changes

and stay in a proactive mode rather than a reactive one. This
assessment of the external and internal environments is known as
the SWOT analysis (strengths, weaknesses, opportunities, and
threats).
Question 14 2
/ 2 pts
All of the following are symptoms of organizations struggling with strategy

disconnect and unclear priorities EXCEPT

inadequate resources.

frequent conflicts between managers.

people are working on multiple projects and feel inefficient.

not enough projects within the portfolio to make a profit.

confused employees regarding which projects are more important.
Frequent conflicts between managers, inadequate resources,

confused employees and multitasking are all symptoms of
organizations struggling with strategy disconnect and unclear
priorities. Typically these organizations are also completing
projects with low priority which results in a portfolio that consists of
too many projects that do not align with organizational strategy.
Question 15 2
/ 2 pts
The following are responsibilities of the governance team when managing

a portfolio system EXCEPT

publishing the priority of every project and ensuring the process is open
and free of power politics.

constant scanning of the external environment to determine if
organizational selection criteria need to be changed.

deciding how organizational resources are allocated among the different
types of projects.

communicating which projects are approved.

evaluating the progress of the projects in the portfolio.
Deciding how they wish to balance the available organizational

resources among the different types of projects is the responsibility
of senior management along with providing guidance in
establishing selection criteria that strongly align with the current
organization strategies.
Question 16 2
/ 2 pts
Which of the following is NOT true when managing a portfolio system?

It does not require a constant effort.

It involves monitoring and adjusting criteria to reflect the strategic focus of
the organization.

The qualities of a particular project are assessed within the context of
existing projects.

It requires input from senior management.

Within a small organization it can be managed by a small group of key
employees.
Managing a project portfolio system requires a constant effort in

order to make sure selection criteria reflect the strategic focus of
the organization.
Question 17 2
/ 2 pts
Which of the following is NOT one of the characteristics of effective

objectives?

Measurable

Assignable

Flexible

Specific

Realistic
Characteristics of effective objectives are that they are specific,

measurable, assignable, realistic and related to time.
Question 18 2
/ 2 pts
The management system that spans the lifetime of the project is called
the ____.

lifetime model

project lifetime model

lifetime cycle model

phase gate model

lifetime phase exit model
A structure is needed to manage each project over its lifetime.

That structure is the phase gate model.
Question 19 2
/ 2 pts
Jack’s organization has many projects ongoing concurrently. He finds

himself starting and stopping work on one task to go and work on another
task, and then return to the work on the original task. Jack is experiencing

flexible tasking.

excess work burden.

burnout.

multitasking.

poor scheduling.
Resource sharing also leads to multitasking. Multitasking involves

starting and stopping work on one task to go and work on another
project, and then returning to the work on the original task. People
working on several tasks concurrently are far less efficient,
especially where conceptual or physical shutdown and startup are
significant.
Question 20 2
/ 2 pts
Which of the following is NOT true about an organization's strategy?

Project selection should be clearly aligned with strategy.

Strategy is implemented through projects.

Only top management must understand strategy.

Strategy determines how an organization will compete.

Project management plays a key role in supporting strategy.
Strategy was considered to be under the purview of senior

management, but this is old school thinking. Projects and project
management play a key role in supporting strategic goals. It is vital
for project managers to think and act strategically.
Question 21 2
/ 2 pts
Three possible outcomes emanate from each gate. They are ____.

allocate resources, reduce resources, cancel

proceed, cancel, or revise and submit

continue, kill, enhance

encourage, discourage, pass

reduce scope, kill, increase scope
A gate can lead to three possible outcomes: go (proceed),

kill(cancel) or recycle (revise and resubmit).
Question 22 2
/ 2 pts
One who endorses and lends political support for the completion of a
specific project is known as the

Project sponsor.

Project lead.

CEO.

Sacred cow.

Project manager.
Project sponsors play a significant role in the selection and

successful implementation of product innovation projects. Project
sponsors are typically high-ranking managers who endorse and
lend political support for the completion of a project.
Question 23 2
/ 2 pts
Which of the following is NOT one of the requirements for successful

implementation of strategies through projects?

Prioritizing of projects

Allocation of resources

Quality management

Adequate planning and control systems

Motivation of project contributors
First, completing tasks requires allocation of resources. Resources

typically represent funds, people, management talents,
technological skills, and equipment. Frequently, implementation of
projects is treated as an "addendum" rather than an integral part of
the strategic management process. However, multiple objectives
place conflicting demands on organizational resources. Second,
implementation requires a formal and informal organization that
complements and supports strategy and projects. Authority,
responsibility, and performance all depend on organization
structure and culture. Third, planning and control systems must be
in place to be certain project activities necessary to ensure
strategies are effectively performed. Fourth, motivating project
contributors will be a major factor for achieving project success.
Finally, areas receiving more attention in recent years are portfolio
management and prioritizing projects.
Question 24 2
/ 2 pts
When a prioritization team is balancing projects, they consider all factors

except for

Resource demand.

All of these alternatives are correct.

Leadership style.

Type of project.

Risk.
Leadership style is how the manager manages; it only has

relevance if it does not assist the project meet its goals.
Question 25 2
/ 2 pts
Which of the following is true of multi-weighted scoring models?

Each criterion is assigned a weight.

Will include qualitative criteria.

Will include quantitative criteria.

Projects with higher scores are considered more desirable.

All of these are true.
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 26 2
/ 2 pts
The strategic activity that focuses on what needs to be accomplished is

analyze and formulate strategies.

reflection and inquiry into the organization’s history of past projects.

review and define the organizational mission.

implement strategies through projects.

set objectives to achieve strategy.
Without the appropriate analysis and creation of a strategy, no

direction will be set. Without a strategic direction, the organization
cannot know how to prioritize the work to be accomplished in any
efficient manner.
Question 27 2
/ 2 pts
Which of the following is the correct order for the strategic management
process?

Projects, mission, strategies, objectives

Objectives, projects, mission, strategies

Strategies, mission, objectives, projects

Objectives, mission, strategies, projects

Mission, strategies, objectives, projects
Once the mission statement has been written, strategies are

formulated. After this, objectives are developed to achieve the
strategy and finally strategies are implemented through projects.
Question 28 2
/ 2 pts
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
______________.

strategic management

reflection and inquiry

mission assessment

goal and objective clarity

vision and mission setting
Strategic management is the process of assessing what we are,

what we intend to be and how we are going to get there. It consists
of constant scanning of the external environment and allocating
resources of the firm to improve its competitive position.
Question 29 2
/ 2 pts
Which of the following questions does the organization's mission

statement answer?

All of these are answered by the mission statement.

What are our long-term goals and objectives?

What are our long-term strategies?

How do we operate in the existing environment?

What do we want to become?
The mission identifies "what we want to become," or the raison

d'être. Mission statements identify the scope of the organization in
terms of its product or service. They communicate and identify the
purpose of the organization to stakeholders.
Question 30 2
/ 2 pts
Which of the following terms is often used to denote a project that a

powerful, high-ranking official is advocating?

Sacred cow

Political necessity

Strategic ploy

Pet project

Special undertaking
The term "sacred cow" is often used to denote a project that a

powerful, high-ranking official is advocating.
Question 31 2
/ 2 pts
Which of the following is NOT true about organizational politics?

Project managers should not engage in organizational politics.

Politics can have a significant influence on which projects receive funding.

Politics can play a role in the aspirations behind projects.

Politics exist in every organization.

Politics can influence project selection.
Many would argue that project management and politics should

not mix. A more proactive response would be that projects and
politics invariably mix. Effective project managers recognize that
any significant project has political ramifications within an
organization no matter how large or small.
Question 32 2
/ 2 pts
A project screening matrix typically contains all of the following EXCEPT

the list of available projects.

costs to complete each project.

weights assigned to specific criteria.

specific criteria.

All of these are typically contained.
Screening matrices should contain both financial and nonfinancial

criteria that align with organization strategy. Weights are assigned
to these criteria based on how well they align with strategy.
Available projects are included in the matrix for comparison.
Question 33 2
/ 2 pts
How strategies will be realized, given available resources, is answered

through __________.

strategy formulation

projects

implementation

resource allocation

frameworks
Implementation answers the question of how strategies will be

realized, given available resources. The conceptual framework for
strategy implementation lacks the structure and discipline found in
strategy formulation.
Question 34 2
/ 2 pts
Project Priority Systems can resolve

internal political issues.

what to do next.

lack of consensus and understanding among top and middle managers.

All of the these alternatives are correct.

over-sharing of resources.
Project prioritization can give an objective viewpoint into some of

the very subjective activities within an organization.
Question 35 2
/ 2 pts
Which of the following is NOT one of the traditional components found in

mission statements?

Major products and services

Target customers and markets

Contribution to society

Profitability

Geographic domain
Traditional components found in mission statements are major

products and services, target customers and markets, and
geographical domain. In addition, statements frequently include
organizational philosophy, key technologies, public image, and
contribution to society.
Question 36 2
/ 2 pts
Projects are usually classified into all but one of the following categories.
Which one is NOT one of the typical classifications?

Strategic

All of these are typical classifications.

Operational

Political necessity

Compliance and emergency
Many organizations find they have three different kinds of projects

in their portfolio: compliance and emergency (must do),
operational, and strategic projects.
Question 37 2
/ 2 pts
Which of the following would be classified as an organizational external

threat?

Poor product quality

Excellent employees

Slowing of the economy

High labor costs

Declining facilities
Examples of perceived external threats could be a slowing of the

economy, a maturing life cycle, exchange rates, or government
regulation.
Question 38 2
/ 2 pts
The first part of the management system that spans the lifetime of the
project is called the ____.

project exit process

project kill process

project gate process

project phase exit

project selection process
The first part of any project management system is the project

selection process. This part will likely involve more than one gate,
but always the first two or more gates.
Question 39 2
/ 2 pts
People within an organization working on multiple efforts concurrently is

an indicator of

shrewd scheduling.

completely allocated staff.

optimized processes.

project prioritization

too many projects taken on at once.
Human beings are notoriously bad at multi-tasking. Research has

shown that those who claim to be very good at multitasking are
actually worse at it.
Question 40 2
/ 2 pts
In order to formulate strategies that align with the mission, some of the
activities the organization will need to perform are

All of these should be considered when formulating strategies.

assess internal strengths and weaknesses.

analyze competitors.

know their core competencies.

examine the external environment.
Strategy formulation includes assessment of the internal and

external environments.
Question 41 2
/ 2 pts
The __________ financial model measures the current value of all cash
inflows using management's minimum desired rate of return.

IRS

ARR

IRB

None of these alternatives are correct

CABB
The Net Present Value (NPV) model uses management's minimum

desired rate of return to compute the present value of all net cash
inflows.
Question 42 2
/ 2 pts
Which of the following is NOT true for strategic management?

It supports consistency of action at every level of the organization.

It involves responding to changes in the external market and allocating
scarce resources to improve a competitive position.

It develops an integrated and coordinated long-term plan of action.

It should be done once every few years just before developing the
operating plan.

It positions the firm to meet the needs of its customers.
Two major dimensions of strategic management are responding to

changes in the external environment and allocating scarce
resources of the firm to improve its competitive position. Constant
scanning of the external environment for changes is a major
requirement for survival in a dynamic competitive environment.
Question 43 2
/ 2 pts
The purpose of the management system that spans the lifetime of any
project is _____.

All of these alternatives are correct

ensure the project remains on schedule

ensure the project stays within both budget and schedule

ensure the project stays within budget

ensure the project is worthwhile and is contributing to the goals and
strategy of the organization
The purpose of the project management system known as the

phase gate model is to make certain the project is worthwhile and
is contributing to the goals and strategy of the organization.
Question 44 2
/ 2 pts
Typically, a project sponsor is

instrumental in approving a project and key to support a project to its'
completion.

a lower-level staff member.

key to support a project to its’ completion and a lower-level staff member.

instrumental in approving a project.

key to support a project to its' completion.
The project sponsor has the ability to provide budget support and
organizational support to the project being accomplished.
Question 45 2
/ 2 pts
________ change infrequently and may require revision only when the
nature of the business changes or shifts.

Vision statements

Objectives

Mission statements

Lessons learned

Goals
Mission statements change infrequently; however, when the nature

of the business changes or shifts, a revised mission statement
may be required.
Question 46 2
/ 2 pts
Project managers who understand the role that their project plays in
accomplishing the organization's strategy will be inclined to do all of the
following EXCEPT

be able to focus on problems or solutions if the project is a low priority
strategically.

explain to stakeholders why certain project objectives and priorities are
critical.

demonstrate to senior management how their project contributes to the
firm's mission.

be able to respond appropriately to delays and/or questions about product
design.

explain to team members why certain project objectives and priorities are
critical.
Project managers who understand the role that their project plays
in accomplishing the organization's strategy will not be inclined to
waste time focusing on problems that are a low priority in regard to
achieving the organization's strategy.
Question 47 2
/ 2 pts
Project selection criteria are typically classified as

strategic and tactical.

short-term and long-term.

financial and nonfinancial.

required and optional.

cost and schedule.
Although there are many criteria for selecting projects, selection

criteria are typically identified as financial and nonfinancial.
Question 48 2
/ 2 pts
________ translate the organization's strategy into specific, concrete, and

measurable terms.

Goals

Lessons learned

Mission statements

Objectives

Vision statements
Objectives translate the organization strategy into specific,

concrete, measurable terms. Organizational objectives set targets
for all levels of the organization.
Question 49 2
/ 2 pts
Examples of nonfinancial criteria include all of the following EXCEPT

capturing a larger market share.

reducing dependency on unreliable suppliers.

making it difficult for competitors to enter the market.

preventing government intervention and regulation.

calculating the time it will take to recover the project investment.
The payback model measures the time it will take to recover the
project investment. It is considered a financial criterion.
Question 50 2
/ 2 pts
When creating a selection model, it is important to

make it mathematically complex so it cannot be "gamed".

make certain the units used in the model are not inconsistent.

not use it as the final determination for project selection.

assure the objectivity of the model.

keep it secret from those submitting project proposals.
The selection model should only exist to assist those in making a

final determination.
Quiz Score:
100 out of 200

M2-Quiz-Organization Strategy and Project Selection BMA 4102 Project Management

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

M2-Quiz-Organization Strategy and Project Selection BMA 4102 Project Management

Uploaded by

Copyright:

Available Formats

9/16/21, 7:57 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management

M2-Quiz-Organization Strategy and Project Selection

Score for this quiz:

Which of the following is NOT a problem associated with the absence of a

A project portfolio system can go a long way to reduce the impact

Why do project managers need to understand their organization's mission

There are two main reasons why project managers need to

Project proposals are employed when _____and are used to make

Projects begin in the head of a person who has an idea for a

When it comes to project prioritization, senior management is responsible

Senior management has ultimate responsibility for prioritizing each

Which of the following problems refers to lack of understanding and

The implementation gap refers to the lack of understanding and

Which of the following would be classified as an organizational

Typical opportunities are increasing demand, emerging markets,

A SWOT analysis provides the Project Manager with

This simple, but challenging tool can be important in the initial

An operational project is one that

There is no real purpose for an operational project other than to

If a preliminary proposal is approved, then ____.

If the preliminary proposal is approved, then a project manager

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

Without integration of projects with the strategic plan, resources

At each gate a(n) _______ is made.

At each gate a decision is made. This may be preceded by

Regardless of the criteria differences among different types of projects,

The project's fit to the organization strategy is the most important

The assessment of the external and internal environments is called

The keys are to attempt to forecast fundamental industry changes

All of the following are symptoms of organizations struggling with strategy

Frequent conflicts between managers, inadequate resources,

The following are responsibilities of the governance team when managing

Deciding how they wish to balance the available organizational

Which of the following is NOT true when managing a portfolio system?

Managing a project portfolio system requires a constant effort in

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

Characteristics of effective objectives are that they are specific,

A structure is needed to manage each project over its lifetime.

Jack’s organization has many projects ongoing concurrently. He finds

Resource sharing also leads to multitasking. Multitasking involves

Which of the following is NOT true about an organization's strategy?

Strategy was considered to be under the purview of senior

A gate can lead to three possible outcomes: go (proceed),

Project sponsors play a significant role in the selection and

Which of the following is NOT one of the requirements for successful

First, completing tasks requires allocation of resources. Resources

When a prioritization team is balancing projects, they consider all factors

Leadership style is how the manager manages; it only has

Which of the following is true of multi-weighted scoring models?

A weighted scoring model typically uses several weighted

The strategic activity that focuses on what needs to be accomplished is

Without the appropriate analysis and creation of a strategy, no

Once the mission statement has been written, strategies are

The process of assessing "what we are" and deciding and implementing

Strategic management is the process of assessing what we are,

Which of the following questions does the organization's mission

The mission identifies "what we want to become," or the raison

Which of the following terms is often used to denote a project that a

The term "sacred cow" is often used to denote a project that a

Which of the following is NOT true about organizational politics?

Many would argue that project management and politics should

A project screening matrix typically contains all of the following EXCEPT

Screening matrices should contain both financial and nonfinancial