56. A written mission statement provides focus for decision making when shared by organizational managers and employees. True False 57. Project managers should not engage in organizational politics. True False 58. Organizational objectives set targets for all levels of the organization not just for top management. True False 59. Mission statements typically change frequently, responding to changes in the external environment. True False 60. Strategy formulation ends with cascading objectives or projects assigned to divisions, departments, or individuals. True False 61. If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration. True False 62. The assessment of the external and internal environments is called the SWOT analysis. True False 63. Objectives should be specific, marketable, assignable, realistic, and time related. True False 64. Strategy is implemented through projects. True 65. Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows. True False 66. The first step in the Strategic Management Process is to set long-range goals and objectives. True False 67. One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy. True False
56. A written mission statement provides focus for decision making when shared by organizational managers and employees. True False 57. Project managers should not engage in organizational politics. True False 58. Organizational objectives set targets for all levels of the organization not just for top management. True False 59. Mission statements typically change frequently, responding to changes in the external environment. True False 60. Strategy formulation ends with cascading objectives or projects assigned to divisions, departments, or individuals. True False 61. If a proposed project does not meet one of the designated "must" objectives it is immediately removed from consideration. True False 62. The assessment of the external and internal environments is called the SWOT analysis. True False 63. Objectives should be specific, marketable, assignable, realistic, and time related. True False 64. Strategy is implemented through projects. True 65. Many organizations have three different kinds of projects in their portfolio: compliance, operational, and sacred cows. True False 66. The first step in the Strategic Management Process is to set long-range goals and objectives. True False 67. One benefit of project portfolio management is that it can justify killing a project that doesn't support organization strategy. True False
Test-Bank-for-Project-Management-The-Managerial-Process-6th-Edition-by-Larson.docx