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58.Organizational objectives set targets for all levels of the organization not just for top management. 59.Mission statements typically change frequently, responding to changes in the external environment. 60.Strategy formulation ends with cascading objectives or projects assigned to lower divisions, departments, or individuals.
61.If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration. 62.The assessment of the external and internal environments is called the SWOT analysis. 63.Objectives should be specific, marketable, assignable, realistic, and time related. 64.Strategy is implemented through projects. 65.Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows. 66.The first step in the Strategic Management Process is to set long-range goals and objectives. 67.One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy. 68.Opportunities and threats can be viewed as flip sides of each other; that is, a threat can be viewed as an opportunity, and vice versa. 69.The information gap refers to the lack of understanding and consensus of organization strategy among top and middle-level managers.
70.One way to offset the influence of politics on project management within an organization is to have a well-defined project selection model. 71.Studies have shown that companies using predominantly financial criteria to prioritize projects yield unbalanced portfolios and projects that aren't strategically aligned. 72.Generally, people working on several projects at the same time are more efficient than people working full-time on one project. 73.The NPV financial model measures the time it will take to recover the project investment. 74.A proposed project that ranks high on most criteria may not be selected because the organization's portfolio already includes too many projects with the same characteristics. 75.Multiweighted scoring models include only quantitative criteria, not qualitative. 76."Politics and project management should not mix." Agree or disagree and support your position.