FALSE Feedback Many would argue that politics and project management should not

False feedback many would argue that politics and

This preview shows page 25 - 28 out of 34 pages.

FALSEFeedback: Many would argue that politics and project management should not mix. A more proactive response is that projects and politics invariablyemix and that effective project managers recognize that any significant project has political ramifications.AACSB: Reflective ThinkingBloom's: KnowledgeLearning Objective: The Need for a Project Portfolio Management SystemLevel: Medium58. Organizational objectives set targets for all levels of the organization not just for top management. TRUEFeedback: Organizational objectives set targets for all levels of the organization. Objectives pinpoint the direction managers believe the organization should move toward. Objectives answer in detail where a firm is headed and when it is going to get there.AACSB: Reflective ThinkingBloom's: KnowledgeLearning Objective: The Strategic Management Process: An OverviewLevel: Easy59. Mission statements typically change frequently, responding to changes in the external environment. FALSEFeedback: Mission statements change infrequently. However, when the nature of the businesschanges or shifts, revised mission and strategy may be required.AACSB: Reflective ThinkingBloom's: UnderstandLearning Objective: The Strategic Management Process: An OverviewLevel: Medium2-25
Background image
Chapter 02 - Organization Strategy and Project Selection60. Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals. TRUEFeedback: Strategy formulation includes determining and evaluating alternatives that support the organization's objectives and selecting the best alternative. The first step is a realistic evaluation of the past and current position of the enterprise.AACSB: Reflective ThinkingBloom's: KnowledgeLearning Objective: The Strategic Management Process: An OverviewLevel: Medium61. If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration. TRUEFeedback: If a project does not meet designated "must" objectives, it is not considered and removed from consideration. In addition, there is no longer need to score “want” objectives.AACSB: Reflective ThinkingBloom's: UnderstandLearning Objective: Applying a Selection ModelLevel: Medium62. The assessment of the external and internal environments is called the SWOT analysis.TRUEFeedback: The keys are to attempt to forecast fundamental industry changes and stay in a proactive mode rather than a reactive one. This assessment of the external and internal environments is known as the SWOT analysis (strengths, weaknesses, opportunities, and threats).AACSB: Reflective ThinkingBloom's: UnderstandLearning Objective: The Strategic Management Process: An OverviewLevel: Easy2-26
Background image
Chapter 02 - Organization Strategy and Project Selection63. Objectives should be specific, marketable, assignable, realistic, and time related.
Background image
Image of page 28

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture