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Which of the following is the correct order for the strategic management process?


A) Strategies, mission, objectives, projects
B) Objectives, projects, mission, strategies
C) Mission, strategies, objectives, projects
D) Objectives, mission, strategies, projects
E) Projects, mission, strategies, objectives

F) All of the above
G) A) and E)

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How strategies will be realized, given available resources, is answered through __________.

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implementation
Explanation: Implementati...

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Why is it important that organizations develop a process to align selected projects with strategic goals?

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A result of not having a process that al...

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Project selection criteria are typically classified as


A) Financial and nonfinancial.
B) Short-term and long-term.
C) Strategic and tactical.
D) Required and optional.
E) Cost and schedule.

F) C) and D)
G) A) and C)

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In a SWOT analysis, strong competition, reduced product demand, and a maturing product life cycle are examples of external __________.

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threats
Explanation: Examples ...

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Multiweighted scoring models include only quantitative criteria, not qualitative.

A) True
B) False

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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.

F) A) and E)
G) A) and B)

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Project managers should not engage in organizational politics.

A) True
B) False

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All of the following are symptoms of organizations struggling with strategy disconnect and unclear priorities EXCEPT


A) Frequent conflicts between managers.
B) Inadequate resources.
C) Confused employees regarding which projects are more important.
D) Not enough projects within the portfolio to make a profit.
E) People are working on multiple projects and feel inefficient.

F) B) and D)
G) C) and E)

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An operational project is one that


A) must be completed.
B) supports an organizations' long-run mission.
C) can improve organizational performance.
D) is completed to meet regulatory compliance.

E) All of the above
F) None of the above

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


A) risk.
B) resource demand.
C) leadership style.
D) type of project.

E) None of the above
F) A) and B)

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Regardless of the criteria differences among different types of projects, typically the most important criterion for project selection is


A) how the project will balance risk within the project portfolio.
B) the project's fit to the organization strategy.
C) compliance.
D) nonfinancial.
E) profit.

F) All of the above
G) None of the above

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Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows.

A) True
B) False

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One who endorses and lends political support for the completion of a specific project is known as the


A) Project manager.
B) CEO.
C) Project sponsor.
D) Project lead.
E) Sacred cow.

F) A) and C)
G) None of the above

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Which of the following questions does the organization's mission statement answer?


A) What are our long-term strategies?
B) What are our long-term goals and objectives?
C) How do we operate in the existing environment?
D) What do we want to become?
E) All of these are answered by the mission statement.

F) B) and C)
G) C) and D)

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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 ______________.

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strategic management
Explanation: Strate...

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The following are responsibilities of the governance team when managing a portfolio system EXCEPT


A) Deciding how organizational resources are allocated among the different types of projects.
B) Publishing the priority of every project and ensuring the process is open and free of power politics.
C) Evaluating the progress of the projects in the portfolio.
D) Constant scanning of the external environment to determine if organizational selection criteria need to be changed.
E) Communicating which projects are approved.

F) A) and D)
G) B) and C)

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