International Project Management Association (IPMA) Practice Exam

What is a key criterion for selecting projects for approval?

1. Budget constraints only

2. Team preferences

3. Alignment with strategic priorities

4. Duration of the project

The correct answer is: Alignment with strategic priorities

A key criterion for selecting projects for approval is alignment with strategic priorities. This is crucial because projects that resonate with the organization's overall goals and mission are more likely to contribute positively to long-term success. When a project aligns with strategic priorities, it typically means that it has the potential to advance the organization’s objectives, improve competitive positioning, and respond to market demands. This strategic alignment ensures that resources are allocated effectively and that stakeholders see the value in the project. Choosing projects based solely on budget constraints overlooks the bigger picture; while financial feasibility is important, it should not be the only factor. Team preferences may play a role in project selection, but they are less critical than ensuring that the project supports the organization’s strategic goals. Additionally, project duration is a relevant factor but does not guarantee that a project will add value or that it meets the strategic objectives of the organization. Thus, alignment with strategic priorities stands out as the most comprehensive criterion for ensuring that selected projects contribute effectively to the organization's mission and vision.