Project Selection

The project selection process only considers the financial benefits of a project, ignoring its strategic alignment with the organization's goals.

• True

• False

In the project selection process, involving stakeholders is critical to ensure the project aligns with customer expectations and has the necessary support for successful implementation.

• True

• False

Risk assessment is an optional part of the project selection process that can be skipped if the project is expected to have a high return on investment.

• True

• False

What is the primary purpose of project selection in project management?

• To allocate resources to all proposed projects.

• To identify projects that align with an organization's strategic objectives.

• To complete projects as quickly as possible.

• To evaluate the performance of the project team.

Which step in the project selection process involves comparing potential projects against the organization's goals?

• Resource Allocation

• Risk Assessment

• Check Alignment with Goals

• Stakeholder Involvement

What does IKEA's initiative to develop eco-friendly furniture products illustrate in project selection?

• Risk Assessment

• Resource Allocation

• Strategic Alignment

• Stakeholder Involvement

Which of the following best describes the purpose of stakeholder involvement in project selection?

• To provide financial resources

• To ensure projects align with customer and stakeholder needs

• To manage the project team

• To perform technical tasks

What is the first step in the project selection process as described in the document?

• Evaluate What You Need vs. What You Have

• Identify Project Ideas

• Pick the Best Project

• Plan and Start Your Project

During the 'Evaluate What You Need vs. What You Have' step, what is recommended?

• Start the project immediately

• Make two lists for each project: one for needs and one for available resources

• Ignore resource limitations

• Prioritize projects based on complexity

Which of the following best illustrates why the Community Fitness Program was selected by the community center?

• Because the program involved free snacks, and everyone knows free snacks bring crowds.

• Because it could be entirely staffed by enthusiastic local squirrels.

• The program aligned with the center's health goals.

• Because the instructor's superhero costume was too good to waste.