Chapter 11
Competitive and low-cost technologies developed externally are a category for portfolio consideration. True False
False
One characteristic of a project is no uncertainty. True False
False
Single-product technology is the most complex type of technology in project management. True False
False
Stout defined four categories for portfolio consideration. True False
False
There are nine steps in the framework for innovation project management. True False
False
Competitive and low-cost technologies developed internally are a category for portfolio consideration. True False
True
One characteristic of a project is a well-defined objective. True False
True
The development aspect of project management begins with the actual effort to implement the innovation. True False
True
The firm needs to decide how to address a gap or face the risk of being a competitive disadvantage. True False
True
The last aspect of a project management process involves reviewing the objectives of the project and the outcomes in more detail, developing a set of lessons learned, the actual staffing of the project, final assessment, and the delivery of final reports. True False
True
There are six steps in the process to analyze the significance of the gaps and whether to address them or not. True False
True
Two key types of individuals who must be on a team if the design is to be viable are concept generators and concept implementers. True False
True
When preparing the conceptualization of the innovation project, managers need to identify constraints. True False
True
When setting the objectives of the project, the project team should make sure the goals are realistic and doable. True False
True
An issue that is likely to emerge, for project team members about what they will be doing next may be: distracting. exciting. boring. thrilling. annoying.
distracting.
Burnout or the loss of interest after working on the project is common at the _____ of a project. beginning start middle point implementation end
end
Portfolio management represents the _____ environment in the management of projects related to technology and innovation. least complex second most complex most complex second least complex none of these are correct
most complex
The four categories for portfolio consideration include all of the following except: optimization opportunities that use a proven technology in an existing environment. technology transfer of a proven technology in a new environment within the firm. competitive and low-cost technologies developed internally. radical and risky technologies that are new to the firm and to the marketplace. none of these are correct.
none of these are correct.
In most firms, innovation, whether through internal or external methods, is based on a _____-based framework. project process tool marketing financial
project
The project to take low-level heat from the environment and convert it to electricity is a green technology and designed to lessen dependence on fossil fuels so far has taken how many years to design? 3 years 7 years 10 years 14 years 20 years
14 years
This network technique tracks the longest path of activities to be completed. CPM PERT GERT PDM Gantt chart
CPM
_____ throw out ideas about how to solve problems. Concept implementers Concept idea makers Concept creators Concept generators Concept managers
Concept generators
Who defined the four categories for portfolio consideration? Port Smith Blonde Lager Cidre
Lager
PDM is otherwise known as: Precedence Diagramming Method. Program Diagramming Method. Program Delivery Method. Project Delivery Management. Program Delivery Management.
Precedence Diagramming Method.
This is defined as an undertaking designed to accomplish a specific objective through a set of interrelated, specialized tasks. Process Tool Project Program Gantt chart
Project
_____ is the most common scheduling tool used in project management. MS project MS Excel The Gantt chart Critical Path Method (CPM) Graphical Evaluation and Review Technique (GERT)
The Gantt chart
Every project should have: a well-defined objective. a series of independent tasks. a general time frame. no uncertainty. all of these are correct.
a well-defined objective.
To prepare the conceptualization of the innovation project, managers need to: state clearly the gap the project is going to address. gather information about the nature of the innovation to be undertaken and its place in the gap analysis results. identify constraints. develop alternatives to address the issues identified by the gap analysis. all of these are correct.
all of these are correct.
The technical aspects of project management include all of the following except: internal versus external orientation. level of technology differentiation. operational process technologies required. facility availability. all of these are correct.
all of these are correct.
The primary reason for not considering shutting down the project is called: escalation. escalating commitment. commitment issues. stubbornness. managerial escalation.
escalating commitment.
Goals of a project should be all of the following except: specific and well-defined. have multiple people identified as responsible. timed for achievability. measurable in a realistic manner. agreed on by the team and the management of the firm.
have multiple people identified as responsible.
There are two key types of individuals who must be on the team if a design is to be viable—concept generators and concept _____. backers initiators planners implementers none of these are correct
implementers
Evaluation of team and management performance should be done: individually. collectively. at the end of a project. individually and collectively. yearly.
individually and collectively.
The Landa group was identified as one of the most _____ firms in the world. innovative destructive fiscally responsible socially economic largest
innovative
At the end of most projects, bugs (problems) will _____. be resolved be closed still exist not be found none of these are correct
still exist
Having decided to do a project, do it, but _____ if circumstances change. press forward apply more resources stop sell-off technology continue
stop
The last part of application is to _____ in the organization who will take over the innovation project team's outcome. celebrate with those transfer responsibilities to those hide from those go on a retreat with those e-mail those
transfer responsibilities to those
Each new product or process implementation is: the same. separate from previous projects. related to previous projects. in budget. unique.
unique.
