Week 2 Quiz Flashcards
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
Political necessity
Which is not true in regard of RoI (Return on Investment) for a project?
a. It defines the cumulated net income from an investment at a given point in time or during a defined period.
b. It includes investment, direct and indirect costs and may include allowances for capital cost, depreciation, risk of loss, and/or inflation.
c. It is most commonly stated as a percentage of the investment or as a dimensionless index figure.
d. It is the time when cumulated net income is equal to the investment.
d.It is the time when cumulated net income is equal to the investment.
Susie’s department is implementing many projects. She finds herself starting and stopping work on one task to go and work on another task, and then return to the work on the original task. Susie is experiencing
a. Poor scheduling
b. Excess work burden
c. Flexible tasking
d. Multitasking
e. Burnout
d.Multitasking
The assessment of the external and internal environments is called _______ analysis.
a. SWOT analysis
b. Competitive
c. Industry
d. Market
e. Strategic
a.SWOT analysis
Which of the following is not true of strategic management?
a. It should be done once each year after operating plans are developed
b. It supports consistency of action at every level of the organization
c. It develops an integrated and coordinated long-term plan of action
d. It positions the firm to meet the needs of its customers
e. All of these are true statements
a.It should be done once each year after operating plans are developed
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
A, B, and C are all correct
________ is a major dimension of strategic management.
a. Responding to changes in the external market
b. Allocating scarce resources of the organization
c. Recruiting strategic management experts
d. Both a and b are correct
e. Both a and c are correct
Both a and b are correct
You have been criticized that certain specifications in your Scope Statement do not pass the test for SMART objectives. What are SMART objectives?
a. Objectives specified in far more detail than necessary for a execution of a successful project.
b. Easily achievable objectives which help you reducing the pressure on yourself and the team.
c. Objectives that should be achieved in order to attain formal recognition by both the customer and the project sponsor.
d. Objectives that are described using specific, measurable, assignable, realistic and time-related specifications.
d.Objectives that are described using specific, measurable, assignable, realistic and time-related specifications.
Which of the following is not true of multi-weighted scoring models?
a. May include quantitative criteria
b. May 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
All of the above are true
