PROJECT MANAGEMENT THE
MANAGERIAL PROCESS UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
●● Which of the following is NOT true about an organization's strategy?
A. Strategy determines how an organization will compete
B. Strategy is implemented through projects
C. Only top management must understand strategy
D. Project selection should be clearly aligned with strategy
E. Project management plays a key role in supporting strategy
Answer: C
●● 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
,Answer: C
●● Which of the following is NOT true for strategic management?
A. It should be done once every few years just before developing the
operating plan
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 involves responding to changes in the external market and
allocating scarce resources to improve a competitive position
E. It positions the firm to meet the needs of its customers
Answer: A
●● Project selection criteria are typically classified as
A. Financial and nonfinancial
B. Short-term and long term
C. Strategic and tactical
D. Cost and schedule
E. Required and optional
Answer: A
,●● 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. Correct
the project's fit to the organization strategy
C. compliance
D. profit
E. nonfinancial
Answer: B
●● 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. none of above
Answer: C
●● Which of the following terms is often used to denote a project that a
powerful, high-ranking official is advocating
, A. Sacred cow
B. Pet project
C. Political necessity
D. Special undertaking
E. Strategic ploy
Answer: A
●● 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
Answer: D
●● Strategic Management does all of the following EXCEPT.
A. Requires every project to be clearly linked to a strategy
B. Provides theme and focus of firm's future direction.
C. Requires strong links among mission, goals, objectives, strategy, and
implementation.
MANAGERIAL PROCESS UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS COMPLETE STUDY GUIDE
●● Which of the following is NOT true about an organization's strategy?
A. Strategy determines how an organization will compete
B. Strategy is implemented through projects
C. Only top management must understand strategy
D. Project selection should be clearly aligned with strategy
E. Project management plays a key role in supporting strategy
Answer: C
●● 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
,Answer: C
●● Which of the following is NOT true for strategic management?
A. It should be done once every few years just before developing the
operating plan
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 involves responding to changes in the external market and
allocating scarce resources to improve a competitive position
E. It positions the firm to meet the needs of its customers
Answer: A
●● Project selection criteria are typically classified as
A. Financial and nonfinancial
B. Short-term and long term
C. Strategic and tactical
D. Cost and schedule
E. Required and optional
Answer: A
,●● 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. Correct
the project's fit to the organization strategy
C. compliance
D. profit
E. nonfinancial
Answer: B
●● 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. none of above
Answer: C
●● Which of the following terms is often used to denote a project that a
powerful, high-ranking official is advocating
, A. Sacred cow
B. Pet project
C. Political necessity
D. Special undertaking
E. Strategic ploy
Answer: A
●● 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
Answer: D
●● Strategic Management does all of the following EXCEPT.
A. Requires every project to be clearly linked to a strategy
B. Provides theme and focus of firm's future direction.
C. Requires strong links among mission, goals, objectives, strategy, and
implementation.
