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M2 Quiz Organization Strategy and Project Selection - BMA - 4102 - Project Management
M2 Quiz Organization Strategy and Project Selection - BMA - 4102 - Project Management
Attempt History
Attempt Time Score
LATEST Attempt 1
77 minutes 98 out of 200
Correct answers are hidden.
Question 1 2
/ 2 pts
Talented management
Excellent employees
Government regulation
Increasing product demand
Low debt
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 2 2
/ 2 pts
judgement
decision
evaluation
analysis
assessment
Question 3 2
/ 2 pts
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
costs to complete each project.
weights assigned to specific criteria.
All of these are typically contained.
specific criteria.
the list of available projects.
Question 4 2
/ 2 pts
must be completed.
is completed to meet regulatory compliance.
supports an organizations’ long-run mission.
always is extremely relevant to the strategic vision of the organization.
can improve organizational performance.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Incorrect
Question 5 0
/ 2 pts
The purpose of the management system that spans the lifetime of any
project is _____.
ensure the project remains on schedule
ensure the project stays within both budget and schedule
ensure the project is worthwhile and is contributing to the goals and
strategy of the organization
All of these alternatives are correct
ensure the project stays within budget
Question 6 2
/ 2 pts
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
reflection and inquiry into the organization’s history of past projects.
implement strategies through projects.
analyze and formulate strategies.
review and define the organizational mission.
set objectives to achieve strategy.
Question 7 2
/ 2 pts
To reduce project duration and increase the number of projects
implemented
So they can make appropriate decisions and adjustments and be effective
project advocates
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
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
So that they can make sure the customer is satisfied
Question 8 2
/ 2 pts
Flexible
Realistic
Measurable
Assignable
Specific
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 9 2
/ 2 pts
setting the course for the organization.
determining the priority of each project.
developing a culture where everyone contributes to the goals of the
organization.
All of the these choices are correct.
directing the organization to a strong future position.
Question 10 2
/ 2 pts
optimized processes.
project prioritization
shrewd scheduling.
too many projects taken on at once.
completely allocated staff.
Question 11 2
/ 2 pts
an identifiable strategic alternative and potential critical issues facing the
organization.
a direct linkage to goals.
potential critical issues facing the organization.
a direct linkage to goals and an identifiable strategic alternative.
an identifiable strategic alternative.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 12 2
/ 2 pts
more projects.
better utilization of the organization's resources.
stronger core competencies.
a larger and more diverse organization.
the most profit.
Question 13 2
/ 2 pts
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Employee turnover
Organization politics
Multitasking
Resource conflicts
Implementation gap
Question 14 2
/ 2 pts
________ change infrequently and may require revision only when the
nature of the business changes or shifts.
Mission statements
Goals
Objectives
Vision statements
Lessons learned
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 15 2
/ 2 pts
It involves monitoring and adjusting criteria to reflect the strategic focus of
the organization.
It does not require a constant effort.
Within a small organization it can be managed by a small group of key
employees.
The qualities of a particular project are assessed within the context of
existing projects.
It requires input from senior management.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 16 2
/ 2 pts
internal political issues.
over-sharing of resources.
lack of consensus and understanding among top and middle managers.
All of the these alternatives are correct.
what to do next.
Question 17 2
/ 2 pts
It involves responding to changes in the external market and allocating
scarce resources to improve a competitive position.
It supports consistency of action at every level of the organization.
It should be done once every few years just before developing the
operating plan.
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It develops an integrated and coordinated long-term plan of action.
It positions the firm to meet the needs of its customers.
Question 18 2
/ 2 pts
Will include quantitative criteria.
Each criterion is assigned a weight.
Will include qualitative criteria.
All of these are true.
Projects with higher scores are considered more desirable.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 19 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.
demonstrate to senior management how their project contributes to the
firm's mission.
explain to stakeholders why certain project objectives and priorities are
critical.
be able to respond appropriately to delays and/or questions about product
design.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
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 20 2
/ 2 pts
Special undertaking
Strategic ploy
Political necessity
Pet project
Sacred cow
Question 21 2
/ 2 pts
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assure the objectivity of the model.
keep it secret from those submitting project proposals.
make certain the units used in the model are not inconsistent.
make it mathematically complex so it cannot be "gamed".
not use it as the final determination for project selection.
Question 22 2
/ 2 pts
The __________ financial model measures the current value of all cash
inflows using management's minimum desired rate of return.
None of these alternatives are correct
IRS
IRB
ARR
CABB
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Question 23 2
/ 2 pts
Competitive
Market
Strategic
SWOT
Industry
Question 24 2
/ 2 pts
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Mission statements
Goals
Vision statements
Objectives
Lessons learned
Question 25 2
/ 2 pts
Three possible outcomes emanate from each gate. They are ____.
proceed, cancel, or revise and submit
allocate resources, reduce resources, cancel
reduce scope, kill, increase scope
encourage, discourage, pass
continue, kill, enhance
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 26 2
/ 2 pts
evaluating the progress of the projects in the portfolio.
constant scanning of the external environment to determine if
organizational selection criteria need to be changed.
communicating which projects are approved.
publishing the priority of every project and ensuring the process is open
and free of power politics.
deciding how organizational resources are allocated among the different
types of projects.
Question 27 2
/ 2 pts
Projects are usually classified into all but one of the following categories.
Which one is NOT one of the typical classifications?
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All of these are typical classifications.
Strategic
Compliance and emergency
Operational
Political necessity
Question 28 2
/ 2 pts
a project concept fails to gain acceptance, project cost and scheduling
a high-level organization official wishes to submit a proposal, project
scheduling
a high-level organization official wishes to submit a proposal, project cost
and scheduling
a project idea is considered worthwhile, project selection
a project concept fails to get acceptance, project cost estimation
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 29 2
/ 2 pts
mission assessment
goal and objective clarity
reflection and inquiry
vision and mission setting
strategic management
Question 30 2
/ 2 pts
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
The management system that spans the lifetime of the project is called
the ____.
project lifetime model
phase gate model
lifetime cycle model
lifetime model
lifetime phase exit model
Question 31 2
/ 2 pts
Politics exist in every organization.
Politics can influence project selection.
Politics can have a significant influence on which projects receive funding.
Politics can play a role in the aspirations behind projects.
Project managers should not engage in organizational politics.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 32 2
/ 2 pts
Major products and services
Geographic domain
Profitability
Contribution to society
Target customers and markets
Question 33 2
/ 2 pts
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Resource demand.
All of these alternatives are correct.
Leadership style.
Type of project.
Risk.
Question 34 2
/ 2 pts
Poor product quality
Excellent employees
High labor costs
Slowing of the economy
Declining facilities
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 35 2
/ 2 pts
key to support a project to its’ completion and a lower-level staff member.
key to support a project to its' completion.
a lower-level staff member.
instrumental in approving a project.
instrumental in approving a project and 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 36 2
/ 2 pts
reducing dependency on unreliable suppliers.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
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.
capturing a larger market share.
The payback model measures the time it will take to recover the
project investment. It is considered a financial criterion.
Question 37 2
/ 2 pts
Only top management must understand strategy.
Strategy is implemented through projects.
Project selection should be clearly aligned with strategy.
Project management plays a key role in supporting strategy.
Strategy determines how an organization will compete.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 38 2
/ 2 pts
resource allocation
implementation
frameworks
projects
strategy formulation
Question 39 2
/ 2 pts
One who endorses and lends political support for the completion of a
specific project is known as the
Project lead.
Sacred cow.
Project manager.
CEO.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Project sponsor.
Question 40 2
/ 2 pts
Organizational politics
Resource conflicts
Lack of funding
Implementation gap
Multitasking
Question 41 2
/ 2 pts
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
not enough projects within the portfolio to make a profit.
inadequate resources.
frequent conflicts between managers.
people are working on multiple projects and feel inefficient.
confused employees regarding which projects are more important.
Question 42 2
/ 2 pts
poor scheduling.
excess work burden.
flexible tasking.
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multitasking.
burnout.
Question 43 2
/ 2 pts
Which of the following is the correct order for the strategic management
process?
Strategies, mission, objectives, projects
Objectives, projects, mission, strategies
Mission, strategies, objectives, projects
Projects, mission, strategies, objectives
Objectives, mission, strategies, projects
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Question 44 2
/ 2 pts
short-term and long-term.
financial and nonfinancial.
cost and schedule.
strategic and tactical.
required and optional.
Question 45 2
/ 2 pts
The first part of the management system that spans the lifetime of the
project is called the ____.
project phase exit
project selection process
project gate process
project exit process
project kill process
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 46 2
/ 2 pts
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 allocated limited resources
the project is funded or shelved awaiting funding
Question 47 2
/ 2 pts
All of these are answered by the mission statement.
What do we want to become?
How do we operate in the existing environment?
What are our long-term goals and objectives?
What are our long-term strategies?
Question 48 2
/ 2 pts
Motivation of project contributors
Prioritizing of projects
Adequate planning and control systems
Quality management
Allocation of resources
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 49 2
/ 2 pts
how the project will balance risk within the project portfolio.
profit.
nonfinancial.
compliance.
the project's fit to the organization strategy.
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9/16/21, 8:49 AM M2-Quiz-Organization Strategy and Project Selection: BMA_4102 : Project Management
Question 50 2
/ 2 pts
In order to formulate strategies that align with the mission, some of the
activities the organization will need to perform are
assess internal strengths and weaknesses.
analyze competitors.
All of these should be considered when formulating strategies.
examine the external environment.
know their core competencies.
Quiz Score:
98 out of 200
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