Question 1

Figure 2-1 Project Selection and Prioritization Matrix
-Based on the information provided in Figure 2-1,which project is least attractive based on the risk criterion?

Accepted Answer

A)   Project A
B)   Project B
C)   Project C
D)   Project DE) B) and C)
F) All of the above

Question 2

The organization's leadership should establish guiding principles such as the vision and mission for an organization before developing the strategic objectives.

Accepted Answer

A) True 
 B)False

Question 3

Describe the advantages and limitations of financial models in project selection.

Accepted Answer

Answer will vary

Question 4

The prioritization of projects in a portfolio should consider whether the demands of performing each project are clearly understood.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements correctly describes a strength associated with the financial project selection model?

Accepted Answer

A)   The benefit-to-cost models favor projects which generate the largest absolute return over a specified period.
B)   Payback period models most accurately consider the profit to be realized after the costs are paid.
C)   The Net Present Value (NPV)  method considers the time value of money.
D)   The Internal Rate of Return (IRR)  method is easiest to use when a project has non-conventional cash flows.E) A) and D)
F) B) and C)

Question 6

All of the following organizations can effectively use a scoring model to select and prioritize competing projects EXCEPT:

Accepted Answer

A)   the company leadership team
B)   client organizations seeking external support
C)   contractor companies seeking project opportunities
D)   the company program management officeE) A) and B)
F) B) and C)

Question 7

All of the following represent appropriate sources to identify new potential projects EXCEPT:

Accepted Answer

A)   existing and potential customers
B)   the operations staff within the organization
C)   industry and trade journals
D)   lessons learned from previous projectsE) None of the above
F) A) and C) D

Question 8

Figure 2-1 Project Selection and Prioritization Matrix
-Consider the information provided in Figure 2-1. Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?

Accepted Answer

A)   Project A
B)   Project B
C)   Project C
D)   Project DE) A) and C)
F) All of the above

Question 9

Projects tend to be the primary method for implementing many objectives.

Accepted Answer

A) True 
 B)False

Question 10

All of the following statements concerning project portfolios are true EXCEPT:

Accepted Answer

A)   The projects in a portfolio are grouped to be managed collectively.
B)   Portfolios never contain programs and other work
C)   Portfolios usually include a mix of high-risk projects and easy projects.
D)   All projects in a portfolio contribute to the organization's goals.E) C) and D)
F) A) and B) B

Question 11

Strategic analysis is an important first step in setting strategic direction.

Accepted Answer

A) True 
 B)False

Question 12

Figure 2-1 Project Selection and Prioritization Matrix
-Based on the information provided in Figure 2-1,which project has the highest probability of success?

Accepted Answer

A)   Project A
B)   Project B
C)   Project C
D)   Project DE) C) and D)
F) A) and B)

Question 13

Managers performing project portfolio alignment will do all of the following EXCEPT:

Accepted Answer

A)   ensure that projects are planned and managed well.
B)   identify and select projects to achieve strategic goals.
C)   prioritize a portfolio of projects and other work.
D)   assess the organization's ability to perform projects.E) A) and C)
F) B) and C)

Question 14

Many writers have stated that effective objectives should be:

Accepted Answer

A)   broad - to cover many dimensions of the business
B)   measurable - to track progress
C)   unachievable - to inspire maximum performance
D)   resource based - to focus on the inputsE) None of the above
F) All of the above

Question 15

Portfolio alignment includes identification,selection and prioritization of projects in a portfolio.

Accepted Answer

A) True 
 B)False

Question 16

Describe the advantages and limitations of scoring models in project selection.

Accepted Answer

The answer of Describe the advantages and limitations of scoring...

Question 17

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Accepted Answer

A)   Both methods are often used together to ensure financial and non-financial factors are both considered.
B)   Financial methods are preferred because non-financial methods are unreliable.
C)   Scoring models are rarely used because they fail to consider financial factors.
D)   none of theseE) C) and D)
F) A) and D)

Question 18

Payback period models do not consider the amount of profit that may be realized after the costs are paid.

Accepted Answer

A) True 
 B)False

Question 19

Traditional financial models are most useful when there are multiple projects and several criteria to consider.

Accepted Answer

A) True 
 B)False

Question 20

Portfolio alignment helps an organization achieve its goals in all the following ways EXCEPT:

Accepted Answer

A)   ensuring resources are distributed evenly across all projects at the same time
B)   resolving conflicting resource needs between projects
C)   improving the mix of projects.
D)   removing duplicate or redundant projects.E) B) and C)
F) A) and D)

Exam 2: Project Selection and Prioritization

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project is least attractive based on the risk criterion?

Correct AnswerverifiedShow Answer

The organization's leadership should establish guiding principles such as the vision and mission for an organization before developing the strategic objectives.

Correct AnswerverifiedShow Answer

Describe the advantages and limitations of financial models in project selection.

Correct AnswerverifiedAnswer will vary

The prioritization of projects in a portfolio should consider whether the demands of performing each project are clearly understood.

Correct AnswerverifiedShow Answer

Which of the following statements correctly describes a strength associated with the financial project selection model?

Correct AnswerverifiedShow Answer

All of the following organizations can effectively use a scoring model to select and prioritize competing projects EXCEPT:

Correct AnswerverifiedShow Answer

All of the following represent appropriate sources to identify new potential projects EXCEPT:

Correct AnswerverifiedD

Figure 2-1 Project Selection and Prioritization Matrix -Consider the information provided in Figure 2-1. Based on the results in the project selection and prioritization matrix,which project would you select if you were limited to selecting only one project?

Correct AnswerverifiedShow Answer

Projects tend to be the primary method for implementing many objectives.

Correct AnswerverifiedShow Answer

All of the following statements concerning project portfolios are true EXCEPT:

Correct AnswerverifiedB

Strategic analysis is an important first step in setting strategic direction.

Correct AnswerverifiedShow Answer

Figure 2-1 Project Selection and Prioritization Matrix -Based on the information provided in Figure 2-1,which project has the highest probability of success?

Correct AnswerverifiedShow Answer

Managers performing project portfolio alignment will do all of the following EXCEPT:

Correct AnswerverifiedShow Answer

Many writers have stated that effective objectives should be:

Correct AnswerverifiedShow Answer

Portfolio alignment includes identification,selection and prioritization of projects in a portfolio.

Correct AnswerverifiedShow Answer

Describe the advantages and limitations of scoring models in project selection.

Correct AnswerverifiedShow Answer

Which of the following statements best describes the contemporary use of financial models and scoring models for project selection?

Correct AnswerverifiedShow Answer

Payback period models do not consider the amount of profit that may be realized after the costs are paid.

Correct AnswerverifiedShow Answer

Traditional financial models are most useful when there are multiple projects and several criteria to consider.

Correct AnswerverifiedShow Answer

Portfolio alignment helps an organization achieve its goals in all the following ways EXCEPT:

Correct AnswerverifiedShow Answer

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Answer will vary

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D

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B

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