Description : )Another name of strategic planning is: 1. Short term 2. Operational 3. Tactical 4. Top down
Last Answer : 4. Top down
Description : A planning method, which provides details of the work to accomplish, but also provide some preliminary description of the work to be done in later phases is called : 1. Progressive detailing 2. Rolling wave 3. Strategic 4. Operational
Last Answer : 2. Rolling wave
Description : Which one of the following best describes users? a. Providers of both strategic and tactical direction to the project. b. Those intended to receive benefits or operate outputs. c. Facilitators of an appropriate issue resolution procedure. d. Those providing full-time commitment to the project.
Last Answer : b. Those intended to receive benefits or operate outputs.
Description : Which one of the following best describes users? a. Providers of both strategic and tactical direction to the project. b. Those intended to receive benefits or operate outputs. c. ... of an appropriate issue resolution procedure. d. Those providing full-time commitment to the project.
Description : Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options
Last Answer : None of these options
Description : ………………………….. level supply information to strategic tier for the use of top management. A) Operational B) Environmental C) Competitive D) Tactical
Last Answer : D) Tactical
Description : The three major types of forecasts used by business organizations are (a) strategic, tactical, and operational ; (b) economic, technological, and demand (c) exponential smoothing, Delphi, and regression ; (d) departmental, organizational, and territorial
Last Answer : (b) economic, technological, and demand
Description : Which risk is connected to the circumstance outside the project that may influence the scope of work and the performance of the organization? A.Operational Risk B.Financial Risk C.Strategic Risk D.Contextual Risk
Last Answer : D.Contextual Risk
Description : A service firm's aggregate plan A service firm's aggregate plan links the firm's st links the firm's strategic goals and objectives wit rategic goals and objectives with detailed h detailed operational plans called: a)Production plan b)Staffing plan c)Work-force schedule d) None of the above
Last Answer : c)Work-force schedule
Description : What form of information collection strengthens strategic and tactical positions by knowing what an adversary is doing or planning to do?
Last Answer : Intelligence
Description : Which of the following statem Which of the following statements does NOT apply to ents does NOT apply to a production plan? a production plan? a)Plans are consistent with company's strategic ... a bridge between the strategic and operational plans d)Provides a view of detailed work-force schedules
Last Answer : c)Serves as a bridge between the strategic and operational plans
Description : Which of the following are typically seen as being associated with strategic decisions? Select one: a. HR and Technology strategies b. The detailed planning of a department's work over the ... The organization's long-term direction d. values and expectations of powerful actors in the organization
Last Answer : The organization’s long-term direction
Description : Which of the following is typically NOT seen as being associated with strategic decision ? A. The Organization's long term direction B. The detailed planning of a Department's work over the ... and expectations of powerful players in the Organization D. The scope of the Organization's activities
Last Answer : The detailed planning of a Department’s work over the next month
Description : Strategic management can be defined as: a) a process of setting written long-term profit plans for the organization. b) a process of measuring performance of the organization. c) a process of operational planning. d) a process of setting long-term direction for the organization
Last Answer : a process of setting long-term direction for the organization
Description : Once project planning is complete, project managers document their plan in A. SPMP document B. SRS document C. Detailed Design document D. Excel Sheet
Last Answer : A. SPMP document
Description : Once the project is approved and moves into the planning stage, what happens in the next phase of the project life cycle? Select one: a. Agreements for risk sharing need to be concluded. ... activities. e. A risk response plan can be used to identify increasing levels of detailed risk analysis
Last Answer : d. Risks are identified with each major group of activities.
Description : . A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives
Last Answer : d. planning to achieve defined objectives.
Description : A key aspect of managing a project involves: a. defining which operational systems to put in place. b. identifying routine tasks. c. ensuring ongoing operations are maintained. d. planning to achieve defined objectives.
Description : SWOT analysis is a strategic planning technique used to identify strengths, weaknesses, opportunities, and (A) timing (B) tenure (C) totality (D) threats
Last Answer : (D) threats
Description : What is the biggest difference between CPA and CLV analysis A. CPA is more appropriate for short term, tactical optimization B. CLV is truly customer-centric C. CLV encompasses online and offline customer touchpoints and uses back-office data D. All of the above
Last Answer : D. All of the above
Description : When using a function point estimation worksheet, there are 14 factors that impact the complexity of a project. These factors include _____. a. data communications, time tradeoffs, and ... programming language d. reports printed and PCA e. x-rays, extensibility, and operational conversion
Last Answer : b. end-user efficiency, data communications, and reusability
Description : Outsourcing 2. Outsourcing is a decision decision with implications. implications. a. Unimportant b. Tactical Tactical c. Strategic d. Irrelevant
Last Answer : c. Strategic
Description : ………. contains data assisting day to day activities of the organization. A) Control database B) Operational database C) Strategic database D) Sequential database
Last Answer : B) Operational database
Description : ___________________ are those plans that are extended beyond three years. (a) Short Term Plans ; (b) Long Term Plans ; (c) Specific Plans ; (d) Strategic Plans
Last Answer : (b) Long Term Plans ;
Description : Complete the following statement. As the project progresses into the execution phase: Select one: a. risks need to be checked off on activities that have been performed. b. the total risk on ... risk breakdown structure needs to be examined to be sure all the risk events have been avoided.
Last Answer : a. risks need to be checked off on activities that have been performed.
Description : Which of the following items should not be included in the project management plan? a) The techniques and case tools to be used b) Detailed schedules, budgets and resource ... development organisation, project responsibilities, managerial objectives and priorities e) None of the above.
Last Answer : c) The life cycle model to be used
Description : You need to convey some very complex, detailed information to the project stakeholders. What is the best method for communicating this kind of information? A. Verbal B. Vertical C. Horizontal D. Written
Last Answer : D. Written
Description : ___ should be made of all cost factors so as to reflect on all relevant investment and operational costs of the project including contingencies.
Last Answer : Ans. Realistic estimates
Description : Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and guidance ... project team in all daily activities. d. To receive and consider daily reports from team members.
Last Answer : b. To provide strategic direction and guidance to the sponsor.
Description : Who orchestrate the completion of the project by inducting the right people at the right time to address the right issue and make the right decisions? A.Project Coordinator B.Project Manager C.Operations Manager D.Strategic Business Unit Head
Last Answer : B.Project Manager
Description : Which method is not included in seven Project Selection Methods? A. Financial Analysis B. Strategic Alignment C. Weighted Scoring Model D. Straight line Model (Ans.)
Last Answer : D. Straight line Model (Ans.)
Description : Which one of the following is a responsibility of the project steering group/board? a. To identify potential problems for the project team to solve. b. To provide strategic direction and ... project team in all daily activities. d. To receive and consider daily reports from team members.
Description : A mean for monitoring and controlling organization's strategic projects is A. Project Monitoring process B. Project Portfolio Process C. Project Portfolio Plan D. Project Portfolio Phase
Last Answer : B. Project Portfolio Process
Description : Define the term ‘evolution’. “Evolution cannot be equated with progress”. Justify this statement. -Biology
Last Answer : Evolution is the sequence of gradual change which takes place in primitive organisms over millions of years and new organisms are formed. Evolution cannot be equated to progress from lower forms to ... . For example, human beings have not evolved from chimpanzees, but both have common ancestor.
Description : Which of the following is true about management meetings? Select one: a. They are short meetings to develop a common understanding of what the short-term priorities are for the project. ... , tracking progress of existing plans, and making adjustments to plans in response to new information.
Last Answer : e. They are oriented toward developing plans, tracking progress of existing plans, and making adjustments to plans in response to new information.
Description : The project closing process is essential to overall project planning. What is considered one of the most important steps in closing the project? 1. Insuring that plans are produced to implement ... . 3. Transition the lease of equipment to the owner 4. Satisfying the contractual obligations
Last Answer : 4. Satisfying the contractual obligations
Description : During the planning development process, at times it is necessary to make certain assumptions to enhance the project plan when the data is not available. In regard to making those assumptions, ... upon historical data used for the project. 4. Senior management predefines the budget constraints.
Last Answer : 1. The assumptions will be considered as true, real, or certain.
Description : What is the most accurate method of obtaining project information that can reduce the amount of risk? 1. Observations on the current project 2. Determining the risk by using brainstorming ... from previous projects that were similar in nature 4. Sensitivity analysis 5. Delphi technique.
Last Answer : 3. The use of historical data from previous projects that were similar in nature
Description : Identify the incorrect statement in connection with working capital management. A. Long-term funds are more expensive than short-term funds but also riskier B. The objectives of ... fluctuating current assets E. Aggressive financing policies increase profitability at the cost of higher risk
Last Answer : A. Long-term funds are more expensive than short-term funds but also riskier
Description : Conceptual skills relate to a manager‟s ability to (a) Take a strategic view of how parts of the organization function (b) Solve detailed problems in groups (c) Correctly evaluate organizational problems (d) Understand and interact effectively with others in the organization
Last Answer : (a) Take a strategic view of how parts of the organization function
Description : How do strategic information systems compare with operational information system?
Last Answer : Feel Free to Answer
Description : How can you describe the thinking and outlook of transformational leaders? A. Strategic B. Operational C. Functional D. Developmental
Last Answer : D. Developmental
Description : Which of the following statements relating to working capital financing is not correct? A. An aggressive policy uses long-term debt to finance fluctuating current assets B. Long-term debt ... . The matching principle indicates that fluctuating current assets should be financed by short-term debt
Last Answer : A. An aggressive policy uses long-term debt to finance fluctuating current assets
Description : Which of the following factors does not need to be considered when formulating policies on the level and financing of working capital? A. The attitude to risk of a company's managers B. ... C. The availability of revenue reserves and capital reserves D. Terms of trade offered by competitors
Last Answer : C. The availability of revenue reserves and capital reserves
Description : Which of the following would be consistent with a hedging (maturity matching) approach to financing working capital? A. Financing short-term needs with short-term funds B. Financing short-term needs ... needs with long-term funds. D. Financing some long-term needs with short-term funds.
Last Answer : A. Financing short-term needs with short-term funds
Description : Which of the following would be consistent with a conservative approach to financ ing working capital? A. Financing short-term needs with short-term funds. B. Financing short-term needs with long- ... seasonal needs with short-term funds. D. Financing some long-term needs with short-term funds.
Last Answer : B. Financing short-term needs with long-term debt.
Description : Which of the following would be consistent with an aggressive approach to financ ing working capital? A. Financing short-term needs with short-term funds. B. Financing permanent inventory buildup with ... needs with short-term funds. D. Financing some long-term needs with short-term funds
Last Answer : D. Financing some long-term needs with short-term funds.
Description : In deciding the optimal level of current assets for the firm, management is confronted with . A. a trade-off between profitability and risk B. a trade-off between liquidity and risk C. a trade-off between equity and debt D. a trade-off between short-term versus long-term borrowing
Last Answer : A. a trade-off between profitability and risk