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Intro to PM > Project Organization and Portfolio > Flashcards

Project Organization and Portfolio Flashcards

1
Q

Useful techniques for portfolio management include the following recent advances:
* Financial/Economic Models
* Scoring Models/Checklists
* Probabilistic Financial Models
* ____________ Approaches
* Mathematical Optimization
Procedures
* Decision Support Systems
* Mapping Approaches

A

Behavioral

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2
Q

Portfolio Management goals can include the following:

[x] Maximization

[y]

[z] Direction

A

Value, Balance, Strategic

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3
Q

Is it usually a good idea to rely exclusively on financial methods for portfolio management?

A

No

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4
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain competitive position in the market
*Proper allocation of scare resources
*Forge link between _________ and strategy
*To achieve focus – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process communicated within the business
*Objectivity in project selection

A

Selection

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5
Q

Project management is doing the [x] and portfolio management is doing the [y].

A

Projects right, Right projects

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6
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain ________ position in the market
*Proper allocation of scare resources
*Forge link between selection and strategy
*To achieve focus – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process communicated within the business
*Objectivity in project selection

A

Competitive

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7
Q

Useful techniques for portfolio management include the following recent advances:
*Financial/Economic Models
*_________ Models/Checklists
*Probabilistic Financial Models
*Behavioral Approaches
*Mathematical Optimization
Procedures
*Decision Support Systems
*Mapping Approaches

A

Scoring

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8
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain competitive position in the market
*Proper allocation of scare resources
*Forge link between selection and strategy
*To achieve focus – great projects vs little ones
*To achieve __________ – long vs short
*Prioritization process communicated within the business
*Objectivity in project selection

A

Balance

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9
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain competitive position in the market
*Proper allocation of ________ resources
*Forge link between selection and strategy
*To achieve focus – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process communicated within the business
*Objectivity in project selection

A

Scarce

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10
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /__________
*Maintain competitive position in the market
*Proper allocation of scare resources
*Forge link between selection and strategy
*To achieve focus – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process communicated within the business
*Objectivity in project selection

A

Productivity

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11
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain competitive position in the market
*Proper allocation of scare resources
*Forge link between selection and strategy
*To achieve ________ – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process communicated within the business
*Objectivity in project selection

A

Focus

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12
Q

Useful techniques for portfolio management include the following recent advances:
*Financial/Economic Models
*Scoring Models/Checklists
*Probabilistic Financial Models
*Behavioral Approaches
*Mathematical Optimization
Procedures
*__________ Support Systems
*Mapping Approaches

A

Decision

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13
Q

Is it usually a good idea to include strategic approaches in portfolio management?

A

Yes

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14
Q

Useful techniques for portfolio management include the following recent advances:
*Financial/Economic Models
*Scoring Models/Checklists
*Probabilistic Financial Models
*Behavioral Approaches
*Mathematical Optimization
Procedures
*Decision Support Systems
*__________ Approaches

A

Mapping

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15
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain competitive position in the market
*Proper allocation of scare resources
*Forge link between selection and strategy
*To achieve focus – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process ____________ within the business
*Objectivity in project selection

A

Communicated

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16
Q

Useful techniques for portfolio management include the following recent advances:
*Financial/Economic Models
*Scoring Models/Checklists
*__________ Financial Models
*Behavioral Approaches
*Mathematical Optimization
Procedures
*Decision Support Systems
*Mapping Approaches

A

Probabilistic

17
Q

The three major types of project management organizational structure are the following: [x] [y] [z]

A

Functional, Matrix, Projectized

18
Q

Inadequate portfolio management includes the following:

A reluctance to [x] projects

[y] decision points

No rigorous [z] criteria

Projects not [a] aligned

A

Kill, Weak, Selection, Strategically

19
Q

Useful techniques for portfolio management include the following recent advances:
*Financial/_________ Models
*Scoring Models/Checklists
*Probabilistic Financial Models
*Behavioral Approaches
*Mathematical Optimization
Procedures
*Decision Support Systems
*Mapping Approaches

A

Economic

20
Q

Useful techniques for portfolio management include the following recent advances:
*Financial/Economic Models
*Scoring Models/Checklists
*Probabilistic Financial Models
*Behavioral Approaches
*Mathematical __________
Procedures
*Decision Support Systems
*Mapping Approaches

A

Optimization

21
Q

Portfolio Management is important for the following reasons:
*Financial – to maximize returns /productivity
*Maintain competitive position in the market
*Proper allocation of scare resources
*Forge link between selection and strategy
*To achieve focus – great projects vs little ones
*To achieve balance – long vs short
*Prioritization process communicated within the business
*___________ in project selection

A

Objectivity

Intro to PM (17 decks)

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