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Project management achieving competitive advantage 4th edition pinto test bank

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  1 Copyright © 2016 Pearson Education, Inc. Project Management: Achieving Competitive Advantage, 4e (Pinto) Chapter 2 The Organizational Context: Strategy, Structure, and Culture 1) Which of the following is NOT an element of strategic management? A) Formulating cross-functional decisions B) Implementing cross-functional decisions C) Evaluating cross-functional decisions D) Eliminating cross-functional decisions Answer: D Diff: 1 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 2) Which of the following is descriptive of a vision statement? A) Inspirational B) Functional C) Supportive D) Critical Answer: A Diff: 1 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 3) One purpose of a mission statement is to: A) Establish a sense of what the organization hopes to accomplish. B) Explain the company's reason for existence. C) Support the tactical plans of the organization. D) Explicitly enumerate the projects in the company's portfolio. Answer: B Diff: 1 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge Project Management Achieving Competitive Advantage 4th Edition Pinto Test Bank Full Download: http://testbanklive.com/download/project-management-achieving-competitive-advantage-4th-edition-pinto-test-ba Full download all chapters instantly please go to Solutions Manual, Test Bank site: TestBankLive.com  2 Copyright © 2016 Pearson Education, Inc. 4) A strategic perspective on project management might ask which of the following questions  prior to undertaking a project? A) What is our corporate culture? B) Does this project support the company vision? C) Do we have the necessary budget for this project? D) Can we define the problem? Answer: D Diff: 1 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 5) The highest priority among strategic choice elements is: A) Objective. B) Strategy. C) Mission. D) Goal. Answer: C Diff: 2 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 6) Which of these strategic elements exists at a higher level than the others? A) Programs B) Objectives C) Goals D) Strategies Answer: B Diff: 2 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge  3 Copyright © 2016 Pearson Education, Inc. 7) A strategic element consisting of statements such as "a 5% increase in freshman to sophomore retention" and "a 10% increase in the six-year graduation rate" is BEST described as a: A) Goal. B) Program. C) Strategy. D) Mission. Answer: A Diff: 2 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Application AACSB: Application of Knowledge 8) A strategic element that contains formally titled initiatives such as the Customer Survey Project, the Small Business Alliance Project, and the Employee Relations Project is most likely a: A) Mission. B) Strategy. C) Goal. D) Program. Answer: D Diff: 2 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 9) The same project managed in the same fashion may succeed in one organization but fail in another. Answer: TRUE Diff: 2 Section: 2.0 Introduction LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge  4 Copyright © 2016 Pearson Education, Inc. 10) Most companies are well suited to allow for successful completion of projects in conjunction with other ongoing corporate activities. Answer: FALSE Diff: 1 Section: 2.0 Introduction LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 11) Developing vision and mission statements is an important tactical step in project management. Answer: FALSE Diff: 2 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 12) One element of strategic management is cross-functional decision making. Answer: FALSE Diff: 1 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge 13) Strategy, goals, and programs support the organizational mission. Answer: TRUE Diff: 1 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Concept AACSB: Application of Knowledge  5 Copyright © 2016 Pearson Education, Inc. 14) What is meant by the statement, "successful project management is contextual"? Answer: The author indicates that the organization itself really matters  —  its culture, its structure, and its strategy each play an integral part, and together they create the environment in which a  project will flourish or founder. Contextual issues provide the backdrop around which project activities must operate, so understanding what is beneath these issues truly contributes to understanding how to manage projects. Diff: 2 Section: 2.0 Introduction LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Critical Thinking AACSB: Reflective Thinking 15) What is strategic management and what role do projects play in it? Answer: Strategic management is the science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. Projects have  been called "stepping stones" of corporate strategy because an organization's overall strategic vision is the driving force behind its project development. Many firms apply their vision statement or mission to evaluating new project opportunities as a first screening device. Diff: 2 Section: 2.1 Projects and Organizational Strategy LO: 2.1: Understand how effective project management contributed to achieving strategic objectives. Classification: Critical Thinking AACSB: Application of Knowledge 16) What are the essential components of corporate strategy and how are they related? Answer: The essential components of corporate strategy are mission, objectives, strategy, goals, and programs. A hierarchical model is presented in the chapter where mission resides at the tip of a pyramid, objectives that more formally define the mission support it, and strategy, goals, and  programs underlie the objectives. These strategic elements must align with each other in order for an organization to be successful long term. Diff: 3 Section: 2.1 Projects and Organizational Strategy LO: 2.2: Recognize three components of the corporate strategy model: formulation, implementations, and evaluation Classification: Application AACSB: Application of Knowledge
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