OMGT 5783 Midterm Exam Actual Exam 2026
| Project Management Exam | All Exam
Questions and Correct Answers | Verified
Answers | Brand New Version!
__________ the portfolio system involves monitoring and adjusting
selection criteria to reflect the strategic focus of the organization.
a. Creating
b. Managing
c. Inventing
d. Devising
e. Designing ---------CORRECT ANSWER-----------------b. Managing
A project screening matrix typically contains all of the following EXCEPT
a. the list of available projects.
b. specific criteria.
c. All of these are typically contained.
d. weights assigned to specific criteria.
,e. costs to complete each project. ---------CORRECT ANSWER----------------
-e. costs to complete each project.
The lack of understanding and consensus of organization strategy
among top and middle-level managers is known as the __________.
a. priority confusion
b. lack of consensus
c. lack of comprehension and consensus
d. implementation gap
e. lack of comprehension ---------CORRECT ANSWER-----------------d.
implementation gap
All of the following are symptoms of organizations struggling with
strategy disconnect and unclear priorities EXCEPT
a. inadequate resources.
b. people are working on multiple projects and feel inefficient.
c. frequent conflicts between managers.
d. confused employees regarding which projects are more important.
,e. not enough projects within the portfolio to make a profit. ---------
CORRECT ANSWER-----------------e. not enough projects within the
portfolio to make a profit.
In a SWOT analysis, good product quality, low debt, and an established
supplier network are examples of internal ________.
a. targets
b. opportunities
c. threats
d. strengths
e. weaknesses ---------CORRECT ANSWER-----------------d. strengths
When creating a selection model, it is important to
a. make it mathematically complex so it cannot be "gamed".
b. assure the objectivity of the model.
c. make certain the units used in the model are not inconsistent.
d. not use it as the final determination for project selection.
, e. keep it secret from those submitting project proposals. ---------
CORRECT ANSWER-----------------d. not use it as the final determination
for project selection.
The financial model that measures the time it will take to recover the
project investment is the __________ model.
a. recovery
b. threshold
c. break through
d. investment
e. payback ---------CORRECT ANSWER-----------------e. payback
Which of the following is NOT one of the requirements for successful
implementation of strategies through projects?
a. Adequate planning and control systems
b. Allocation of resources
c. Quality management
d. Prioritizing of projects
| Project Management Exam | All Exam
Questions and Correct Answers | Verified
Answers | Brand New Version!
__________ the portfolio system involves monitoring and adjusting
selection criteria to reflect the strategic focus of the organization.
a. Creating
b. Managing
c. Inventing
d. Devising
e. Designing ---------CORRECT ANSWER-----------------b. Managing
A project screening matrix typically contains all of the following EXCEPT
a. the list of available projects.
b. specific criteria.
c. All of these are typically contained.
d. weights assigned to specific criteria.
,e. costs to complete each project. ---------CORRECT ANSWER----------------
-e. costs to complete each project.
The lack of understanding and consensus of organization strategy
among top and middle-level managers is known as the __________.
a. priority confusion
b. lack of consensus
c. lack of comprehension and consensus
d. implementation gap
e. lack of comprehension ---------CORRECT ANSWER-----------------d.
implementation gap
All of the following are symptoms of organizations struggling with
strategy disconnect and unclear priorities EXCEPT
a. inadequate resources.
b. people are working on multiple projects and feel inefficient.
c. frequent conflicts between managers.
d. confused employees regarding which projects are more important.
,e. not enough projects within the portfolio to make a profit. ---------
CORRECT ANSWER-----------------e. not enough projects within the
portfolio to make a profit.
In a SWOT analysis, good product quality, low debt, and an established
supplier network are examples of internal ________.
a. targets
b. opportunities
c. threats
d. strengths
e. weaknesses ---------CORRECT ANSWER-----------------d. strengths
When creating a selection model, it is important to
a. make it mathematically complex so it cannot be "gamed".
b. assure the objectivity of the model.
c. make certain the units used in the model are not inconsistent.
d. not use it as the final determination for project selection.
, e. keep it secret from those submitting project proposals. ---------
CORRECT ANSWER-----------------d. not use it as the final determination
for project selection.
The financial model that measures the time it will take to recover the
project investment is the __________ model.
a. recovery
b. threshold
c. break through
d. investment
e. payback ---------CORRECT ANSWER-----------------e. payback
Which of the following is NOT one of the requirements for successful
implementation of strategies through projects?
a. Adequate planning and control systems
b. Allocation of resources
c. Quality management
d. Prioritizing of projects
