1. Which of the following best describes the overall goal of project portfolio management
Maximize support of business strategy while minimizing risk.
Maximize innovation at an affordable cost.
Ensure that all projects are selected using the same criteria.
Select projects that can easily be terminated if not successful.
2. Helping employees understand entity goals and objectives and then holding them accountable for achieving them are all related to which aspect of internal environment?
Organizational structure.
Management philosophy and operating style.
Commitment to competence.
Methods of assigning authority and responsibility.
3. The amount of safety stocks needed can be reduced or eliminated by a strategy which:
increases lead time variability.
increases lead time.
decreases lead time variability.
increases lot sizes.
decreases ordering costs.