Project portfolio management system

Assignment Help Management Theories

Reference no: EM131465176

1. A critical factor to ensure the success of integrating the strategic plan with projects lies in creating a process that:

A. is open and published for all participants to review

B. starts with top management's directives

C. starts with projects first, then integrates them with the strategic plan

D. All the given answers are correct.

2. The intended outcome of strategy/project integration is:

A. clear organisation focus

B. best use of scarce organisational resources

C. improved communication across projects and departments

D. All the given answers are correct.

3. Which of the following questions provide good prompts for the project manager to ascertain the need for the project?

A. What strategic objective does the project support?

B. Whose business plan does the project support?

C. Which sponsor will be the promoter at a senior level of the project?

D. All the given answers are correct.

4. Strategy formulation includes which of the following activities?

A. Determining alternatives

B. Evaluating alternatives

C. Understanding the customers value proposition

D. All the given answers are correct.

5. Which of the following would not be classified as an organisational threat?

A. Slowing of the economy

B. A maturing life cycle

C. Poor product quality

D. Government regulations

6. Which of the following is not one of the requirements for successful implementation of strategies through projects?

A. Allocation of resources

B. Prioritising of projects

C. Adequate planning and control systems

D. All the given answers are correct.

7. Which of the following is not seen as a classification of programs and projects?

A. Compliance

B. Must do

C. Operational

D. Pet programs/projects

8. Which of the following processes will assist in the ranking and selection of projects?

A. Project screening process

B. Business planning process

C. Strategic planning process

D. All the given answers are correct.

9. Where can projects come from in an organisation as a part of the initial formation of potential projects?

A. Top-down

B. Bottom-up

C. Innovation

D. All the given answers are correct.

10. Which of the following is not one of the classifications for assessing a project portfolio?

A. Sacred cow

B. Bread and butter

C. Pearls and oysters

D. White elephants

11. Which of the following are features of a Project Portfolio Management (PPM) system?

A. Prioritisation

B. Improved decision making and accountability

C. Better collaboration across organisational silos

D. All the given answers are correct.

12. The problem in many organisations is not with formulating strategies but with implementing the strategies.

True False

13. Organisational objectives set targets for all levels of the organisation not just for top management.

True False

14. Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.

True False

15. Generally, people working on several projects at the same time are more efficient than having several people working part-time on the same projects.

True False

Reference no: EM131465176

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