Solved by verified expert :54. Project Management historically has been
preoccupied solely with the planning and execution of projects while strategy
was under the purview of senior management.
True False
55. The problem in many organizations is not with
formulating strategies but with implementing the strategies.
True False
56. A written mission statement provides focus for
decision making when shared by organizational managers and employees.
True False
57. Effective objectives can be created to apply only
at the department level and not relating to organizational objectives.
True False
58. Organizational objectives set targets for all
levels of the organization not just for top management.
True False
59. Formulating strategy answers the questions who
and when the tasks will be performed to reach objectives.
True False
60. Strategy formulation ends with cascading
objectives or projects assigned to lower 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. Using the Project Portfolio Matrix, revolutionary
commercial advances using proven technical advances are classified as Oyster
projects.
True False
