PROJECT MANAGEMENT THE MANAGERIAL
PROCESS FULL REVISION NOTES WITH
PROJECT LIFE CYCLE AND PROCESS GROUPS
CONCEPTS
◉ What is the FIRST step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: B
◉ What is the SECOND step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
,D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: A
◉ What is the THIRD step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: C
◉ What is the FOURTH step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: D
,◉ What is the formula for Payback?
A. Investment ÷ Annual savings
B. Annual savings ÷ Investment
C. Investment x Annual Savings
D. None of these.
Answer: A
◉ Objectives should be...
A. Specific, Motivational, Achievable, Relevant, Time-Related
B. Short, Measurable, Assignable, Realistic, Technical
C. Specific, Measurable, Assignable, Realistic, Time-Related
D. Short, Motivational, Achievable, Relevant, Technical
E. None of the above.
Answer: C
◉ True or False:
, A portfolio is a collection of projects or programs and other work
that are grouped together to facilitate effective management of that
work to meet strategic business objectives..
Answer: True
◉ True or False:
Organizational objectives answer in detail WHERE a firm is headed
and WHEN it is going to get there.
Answer: True
◉ True or False:
Implementation answers the question of WHEN strategies will be
realized given available resources.
Answer: False
◉ Implementation requires all of the following EXCEPT:
A. Allocation of resources
B. A formal and informal organization that complements and
supports strategy and projects
C. Planning and control systems
PROCESS FULL REVISION NOTES WITH
PROJECT LIFE CYCLE AND PROCESS GROUPS
CONCEPTS
◉ What is the FIRST step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: B
◉ What is the SECOND step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
,D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: A
◉ What is the THIRD step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: C
◉ What is the FOURTH step of strategy formulation?
A. Assessment of the internal and external environments
B. Realistic evaluation of the past and current position of the
enterprise.
C. Identify critical issues and strategic alternatives
D. Cascading objectives or projects assigned to lower divisions,
departments, or individuals.
Answer: D
,◉ What is the formula for Payback?
A. Investment ÷ Annual savings
B. Annual savings ÷ Investment
C. Investment x Annual Savings
D. None of these.
Answer: A
◉ Objectives should be...
A. Specific, Motivational, Achievable, Relevant, Time-Related
B. Short, Measurable, Assignable, Realistic, Technical
C. Specific, Measurable, Assignable, Realistic, Time-Related
D. Short, Motivational, Achievable, Relevant, Technical
E. None of the above.
Answer: C
◉ True or False:
, A portfolio is a collection of projects or programs and other work
that are grouped together to facilitate effective management of that
work to meet strategic business objectives..
Answer: True
◉ True or False:
Organizational objectives answer in detail WHERE a firm is headed
and WHEN it is going to get there.
Answer: True
◉ True or False:
Implementation answers the question of WHEN strategies will be
realized given available resources.
Answer: False
◉ Implementation requires all of the following EXCEPT:
A. Allocation of resources
B. A formal and informal organization that complements and
supports strategy and projects
C. Planning and control systems
