Chapter 2 - Project Selection and Prioritization
TRUE/FALSE
1. Strategic analysis is an important first step in setting strategic direction.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
2. Strategic analysis is often called SWOT - Strengths, Weaknesses, Opportunities and Threats
(SWOT).
ANS: T DIF: Easy REF: 2.1
OBJ: Describe strategic planning process
3. Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).
ANS: F DIF: Easy REF: 2.1
OBJ: Describe strategic planning process
4. Strategic analysis considers opportunities and threats posed by competitors, suppliers and
regulatoryagencies among others.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
,5. The organization’s leadership should establish guiding principles such as the vision and
mission for anorganization before developing the strategic objectives.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
6. The organization’s leadership should establish the strategic objectives to set the stage for the
strategicanalysis.
ANS: F DIF: Challenging REF: 2.1
OBJ: Describe strategic planning process
7. The vision should present a positive, inspiring and vivid description of the organization as it
currentlyexists.
ANS: F DIF: Average REF: 2.1
OBJ: Describe strategic planning process
8. Strategic objectives should focus decisions regarding which projects to select and how to
prioritizethem.
ANS: T DIF: Challenging REF: 2.1
OBJ: Describe strategic planning process
, 9. Strategic objectives describe both long and short term results that are desired.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
10. Projects tend to be the primary method for implementing many objectives.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
11. A project portfolio is a collection of projects grouped so they can be collectively managed.
ANS: T DIF: Average REF: 2.2
OBJ: Describe portfolio alignment process
12. A project portfolio is a useful storage medium that enables the project manager to
consolidate allproject information in a single, convenient location.
ANS: F DIF: Easy REF: 2.2
OBJ: Describe portfolio alignment process
13. Portfolio alignment includes identification, selection and prioritization of projects in a
portfolio.
ANS: T DIF: Average REF: 2.2
OBJ: Describe portfolio alignment process
TRUE/FALSE
1. Strategic analysis is an important first step in setting strategic direction.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
2. Strategic analysis is often called SWOT - Strengths, Weaknesses, Opportunities and Threats
(SWOT).
ANS: T DIF: Easy REF: 2.1
OBJ: Describe strategic planning process
3. Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).
ANS: F DIF: Easy REF: 2.1
OBJ: Describe strategic planning process
4. Strategic analysis considers opportunities and threats posed by competitors, suppliers and
regulatoryagencies among others.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
,5. The organization’s leadership should establish guiding principles such as the vision and
mission for anorganization before developing the strategic objectives.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
6. The organization’s leadership should establish the strategic objectives to set the stage for the
strategicanalysis.
ANS: F DIF: Challenging REF: 2.1
OBJ: Describe strategic planning process
7. The vision should present a positive, inspiring and vivid description of the organization as it
currentlyexists.
ANS: F DIF: Average REF: 2.1
OBJ: Describe strategic planning process
8. Strategic objectives should focus decisions regarding which projects to select and how to
prioritizethem.
ANS: T DIF: Challenging REF: 2.1
OBJ: Describe strategic planning process
, 9. Strategic objectives describe both long and short term results that are desired.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
10. Projects tend to be the primary method for implementing many objectives.
ANS: T DIF: Average REF: 2.1
OBJ: Describe strategic planning process
11. A project portfolio is a collection of projects grouped so they can be collectively managed.
ANS: T DIF: Average REF: 2.2
OBJ: Describe portfolio alignment process
12. A project portfolio is a useful storage medium that enables the project manager to
consolidate allproject information in a single, convenient location.
ANS: F DIF: Easy REF: 2.2
OBJ: Describe portfolio alignment process
13. Portfolio alignment includes identification, selection and prioritization of projects in a
portfolio.
ANS: T DIF: Average REF: 2.2
OBJ: Describe portfolio alignment process
