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Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 2 MCQs
?
Which of the following is true for organizations that have a coherent link of projects to strategy?
There is more cooperation across the organization
Performance is better on projects
They have fewer projects
A, B, and C are all true
?
A critical factor to ensure the success of integrating the strategic plan with projects lies in a process that
Is open and published for all participants to review
Starts with top management’s directives
With projects first and integrates them with the strategic plan
Both B and C are correct
?
The intended outcome of strategy/projects integration is
Clear organization focus
Best use of scare organization resources
Improved communication across projects and departments
A, B, and C are all correct
?
Project managers who do not understand the role that their project plays in accomplishing the organization’s strategy tend to make all the following...
Focusing on low priority problems
Overemphasizing technology as an end in and of itself
Focusing on the immediate customer
All the above are likely mistakes
?
Which of the following is a main reason why project managers need to understand their organization’s mission and strategy?
They can better focus on the immediate customer
They can make appropriate decisions and adjustments
So they can be effective project advocates
Both B and C are correct
?
In today’s business environment, project managers find it valuable to have a keen understanding of
Strategic management
Technical issues
Project selection process
Both A and C are correct
?
The textbook indicated that ________ is the major dimension of strategic management.
Responding to changes in the external market
Allocating scarce resources of the organization
Beating competition to the market
Both a and b are correct
?
Which of the following is not true for strategic management?
It should be done once each year just before developing the operating plan
It supports consistency of action at every level of the organization
It develops an integrated and coordinated long-term plan of action
It positions the firm to meet the needs of its customers
?
Which of the following is the correct order for the strategic management process?
Strategies, mission, goals, projects
Goals, projects, mission, strategies
Mission, goals, strategies, projects
Goals, mission, strategies, projects
?
Which of the following questions does the organization’s mission statement answer?
What are our long-term strategies?
What are our long-term goals and objectives?
How do we operate in the existing environment?
What do we want to become?
?
Strategy formulation includes which of the following activities?
Determining alternatives
Creating profitability targets
Evaluating alternatives
Both a and c are correct
?
Which of the following is not one of the traditional components found in mission statements?
Major products and services
Profitability
Target customers and markets
Geographic domain
?
The assessment of the external and internal environments is called _______ analysis.
SWOT analysis
Competitive
Industry
Market
?
Which of the following would not be classified as an organizational threat?
Slowing of the economy
A maturing life cycle
Poor product quality
Government regulations
?
Which of the following would not be classified as an organizational opportunity?
Increasing product demand
Excellent employees
Emerging markets
Favorable international exchange rates
?
Which of the following is not one of the requirements for successful implementation of strategies through projects?
Allocation of resources
Prioritizing of projects
Motivation of project contributors
All of these are requirements
?
Which of the following terms is often used to denote a project that a powerful, high-ranking official is advocating?
Sacred cow
Pet project
Political necessity
Special undertaking
?
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 ...
Poor scheduling
Excess work burden
Flexible tasking
Multitasking
?
Project selection criteria are typically classified as:
Financial and non-financial
Short-term and long-term
Strategic and tactical
Required and optional
?
Which of the following financial models are typically included in project selection?
Payback
Net present value
Internal rate of return
Both A and B are correct
?
Projects are usually classified into all but one of the following categories. Which one is not one of the typical classifications?
Compliance and emergency
Operational
Strategic
Political necessity
?
Which of the following is not one of the classifications for assessing a project portfolio?
Sacred cow
Bread-and-butter
Pearls
Oysters
?
A project screening matrix typically contains all of the following except:
The list of available projects
Specific criteria
Weights assigned to specific criteria
Costs to complete each project
?
Which of the following is the reason(s) why project managers need to understand their organization’s mission and strategy?
To make appropriate decisions and adjustments
To be effective project advocates
To be able to get their job done
Both A and B are correct
?
In the Snapshot from Practice, Intel’s CEO has concentrated Intel’s strategy toward?
Creating chips to support the digital device market
Eliminating AMD as a competitor
Strengthening Intel’s position in the PC market
Expanding Intel’s international market
?
Which of the following is not true of multi-weighted scoring models?
Will include quantitative criteria
Will include qualitative criteria
Each criterion is assigned a weight
All of the above are true
?
A major project proposal will likely include all of the following except:
Problem definition
Schedule objective
Goal definition
Objective definition
?
Which of the following is a common multicriteria selection model?
Checklist
Net Present Value
Weighted criteria model
Both A and C are correct