Formalizes acceptance of completed project

Validate Scope defines a process that:

deliverables
how the organization In essence, an
will compete. organization's strategy provides a basic understanding of
Technological
All of the above factors affect marketing and the management thereof in   distinct
way/s:
___________ are concerned with making communication within the
Internal communications departments organization easier,
employee engagement, cost savings and collaboration.
This is used to set boundaries which would be used to
limit the available solutions which would be considered for
implementation.
‘__________’ a.k.a
external environment consists of the external stakeholders
including
MACRO
government, regulatory bodies, technology service providers,
competitors,
partners, vendors, etc.
Too often, business processes and product scope are defined at a
FALSE very
low level
This refers to the process of conducting research on a company
Strategic analysis and its
operating environment to formulate a strategy.
Risk refers to a situation in which the
FALSE probability of each possible outcome to a decision is unknown or
meaningless.
A list of all possible states of nature and
TRUE
their probabilities is referred to as a probability distribution.
Which one is  an element
Procurement
in the primary activities of a value chain?
The future state can range from simple changes such as removing
a
TRUE
feature in an application to complex changes such as entering a
new market.
The distinctive
What are the most
competencies of the firm and its competitive
important components for business level strategy making?
methods
The competitive
methods of a company should reflect its management philosophy,
which calls for
Tools and techniques used in identifying project risks include
TRUE documentation reviews, expert judgment, and assumptions
analysis.
Failing
to manage risk will result in more problems, higher
Why Risk Management is Important? Which answer is incorrect?
benefits and a higher
chance of project success.
Problem A BAs role is to understand customer problems
Solving and be able to recommend suitable solutions.
_________ include - health and
safety, equal opportunities, advertising standards, consumer rights
Legal factors
and laws,
product labelling and product safety.
Strategic formulation
 is done as a process.
The one area where a rules-based
approach to risk management may be sufficient to mitigate or
Internal Risk
eliminate
risk.
1.      
Can be scheduled Which of the following can be BEST described as a characteristic
of Work Package?
A/An _________ is some limitation within the
organization or from the environment that is hindering the progress
business problem
of an
organization.
Functional strategies
direct the efficient allocation of the organization's Indicate the item
resources to each of the that is not accurate in describing of different strategies.
various divisions.
The distinctive
What are the most
competencies of the firm and its competitive
important components for business level strategy making?
methods
In order to achieve
Strategy demands high levels of energy and an the results expected by the stakeholders in the firm, strategy should
orientation to the future. be done
every three years.
Organisational
culture is a concept that includes shared values, norms, and
assumptions within
the organisation as well as the practices that all groups share.
Different
Productivity (outward types of cultural orientation can be identified in companies. Which
looking, ordered) of the
following would be used to describe a culture where interfaces with
the
external environment are well structured and the company is
typically sales
driven and likely to have an hierarchical structure?
______________ defines the design of a business operation,
usually
Architecture described in terms of business capabilities and supporting
technology
capabilities.
___________ are concerned
with technical objectives they want to achieve and becoming closer
IT departments
to business
processes.
Michael Profitability stemming from how well a firm positions itself in
Porter the market is a key feature of which writer's view on strategy?
_____________ includes
Project all the work that needs to be done to create a product, or deliver a
Scope service or
result.
the management team
In the present
synthesize and integrate the knowledge they
environment, functional level strategies require that
possess in each functional area.
The definition of strategic analysis
Identifying and evaluating data may differ from an academic or business perspective, but the
relevant to the company’s strategy process involves
several common factors:
 When there is only one possible outcome to a
FALSE
decision, risk or uncertainty is present.
_______________ is defined as “an
uncertain event or condition that, if it occurs, has a positive or
Project risk
negative
effect on a project’s objectives”
______________ defines the design of a business operation,
usually
Architecture Business described in terms of business capabilities and supporting
technology
capabilities.
The BA must instead be able to listen, observe, learn and
understand whatever is required to facilitate the process of
Learning
providing
solutions for problems and opportunities.
When determining the risk of an event or activity it can be classed
Moderate as
- will hold up or increase costs in one or more major, moderate or minor – which of the following statements
areas? correctly
describes the classification?
Which factor is not normally considered in
Quality
risk control?
In the Project Does the project manager look into risks:
Having a scope change control process without also having a well-
TRUE defined
product scope statement will most likely result in failure.
What is the term for the extent to which competition in one
Globalisation
country is influenced by competition in other countries?
Differentiation Of what is advertising a form?
The In the 'five forces model', what is the type of competitive
level of rivalry activity that exists between organisations?
Threats SWOT means Strengths Opportunities
In
the scientific study of a problem, opinions are not allowed because
facts
they are
not:
Tools and techniques used in the Monitor and Control Risks
FALSE Process
include risk register updates and change requests.
The competitive
anticipatory action
methods of a company should reflect its management philosophy,
in the face of rapid change
which calls for
Two
When does an acquisition take place?
unequal partners become one after a buyout.
SMART stands for smart, measurable, achievable, _________ and
relevant
time-bound.
When the impact of an event is negative, it is considered a risk;
FALSE when
the impact is positive, the event is considered an opportunity.
Strategic formulation
is done
If the probability that the economy will be in
recession is 0.40, then the probability that the economy will not be
TRUE
in a
recession must be 0.60.
 Corporate, business,
all of the above.
and functional strategies differ in time frame for implementation.
A risk management plan should define who has responsibility for
causing each
FALSE risk and hold the responsible party directly accountable for
developing an
appropriate solution.
The
Solution characteristics, features, or function of the product or service that is
Scope to be
built.
TRUE The strategic objective of a scope statement is to define focus
is a research discipline of identifying usiness needs and
Business analysis
determining solutions to business problems.
Contingency Identifying Alternative strategies’ is also
plan knowing as a
The BA must be able to understand and decipher requirements
Analytical elicited and be able to devise solutions to overcome problems
Thinking & Problem Solving faced by
customers.
Knowledge management
has a key role within e-business since business success depends
Tacit knowledge into on staff
explicit knowledge knowledge of various business functions. One aim of knowledge
management is to
turn:
________ are intangible but they too have features or
Services
characteristics that add value to customer expectations.
is a framework or
tool used by marketers to analyse and monitor the macro-
PESTEL analysis environmental (external
marketing environment) factors that have an impact on an
organisation.
All of the below are inputs
Project Management Plan
to Define Scope process EXCEPT:
An individual, a group of
people, or an organisation who can affect or be affected positively
stakeholder
or
negatively by your project.
Corporate, business,
all of the above.
and functional strategies differ in
In order to realize
core competencies and its intended strategy, management of the firm must focus all its
competitive methods. energies on
alignment between
The context of business analysis refers to the
Decision analyst’s ability to make selection of a course of action or to be able
Making to
facilitate such a thinking process.
Anticipatory change Different types of
change in business are evident and take many forms. Incremental
change involves
relatively small adjustments required by changes in the business
environment.
Discontinous change refers to a major transformational change in
an industry.
What is the term used when an organisation makes proactive
 changes in order to
improve its efficiency or to create a business advantage?
Scope control is performed in concert with other When performing the scope control process, which of the following
control processes statements is correct?
The risk register is a living document and new risks can be added
TRUE as
they are discovered.
Breaking down the work to the work package level What is scope decomposition?
The process of defining how to conduct risk management activities
FALSE for a
project is known as Project Risk Absorption Methodology (PRAM).
Which factor is not normally considered in
risk control?
PERT Which of the following is a Quantification technique?
Political,
What does PEST stand for?
economic, social, technological
FALSE The highest degree of uncertainty is in project closure.
Control Scope Work Performance Measurement is an output of which process:
is a research iscipline of identifying usiness needs and
Business analysis
determining solutions to business problems.
Corporate, business,
all of the above.
and functional strategies differ in
There are several
All of the above key goals or motivations for implementing current state analysis,
including:
A BA is expected to look at needs of
Creative stakeholders thinking from different perspectives and suggest
Thinking unorthodox
solutions
The areas that
Social Factors
involve the shared belief and attitudes of the population.
The
benefits of identifying the right stakeholders and properly analysing
All of the above
them is
that:
A payoff matrix shows the profit that would be
earned under certainty, risk, and uncertainty so the decision maker
FALSE
can choose
which is best.
A word that comes from Greek and means primary
Architecture
structure.
A project risk is anything that may impact the project team's ability
to
FALSE achieve the general project success measures and the specific
project
stakeholders' priorities.
learn about the problem without reading the case The
fully executive summary helps the decision-maker:
_____________ are concerned
Leadership departments
with employee engagement and company objectives.
In
at the beginning
a case study, the executive summary is placed:
functional Cases
cases dealing with an organization’s experiences and efforts to solve
problems are
 described as:
FALSE The purpose of risk management is to eliminate all project risk.
Which of these is not a source of risk?
A _______ is a set of interrelated activities that are carried out
process by a business in an organized manner in order to convert the inputs
to outputs.
Descriptive terms can
change over time to portray organisational actions. What term
would currently
be more acceptable to describe 'an approach supported by
software tools
intended to increase process efficiency by improving information
flows between
people as they perform business tasks'?
The
first requirement for being able to write an analysis of a theoretical
subject
case is thorough
knowledge of the concerned:
Identifying Alternative strategies’ is also
knowing as a
Functional
Which of these is not a source of risk?
Risk
Towards Vertical integration forwards is when a firm mergers or acquires
the consumer another…
Which level of
strategy impacts the operating staff to the greatest degree during
functional strategy
their daily
work experiences?
The term 'change
management' refers to managing changes to organisational
processes and
structure plus their impact on staff and culture. The introduction of
None of the below are
e-business represents many challenges and requires careful
success factors
planning. To help
achieve different aspects of change, a series of success factors
seem to be
required:
Functional strategies
direct the efficient allocation of the organization's Indicate the item
resources to each of the that is not accurate in describing of different strategies.
various divisions.
The future state description includes the new, modified and
TRUE
removed components of the enterprise.
Taken that there
could be problems in recruiting skilled staff, outsourcing could be a
solution.
The degree to which companies can outsource their human
resources is dependent
Scalability
upon the type and level of service expected for a particular product.
This can
be significant in governing their capacity for growth without taking
on
additional staff. What term is used here?
___________ environment consists of immediate inbound
MESSO
and outbound logistics service providers in the supply chain
The project team Who creates the scope baseline?
 A
management problems
case, in management studies, gives an account of:
Change agent is the
term attributed to those managers responsible for controlling
change. In
e-business, this could be a manager responsible for
implementation, adoption,
supply chain, and so on. Research examining leadership style with
e-commerce
implementation found the most common style to be:
Market What is the term used in Ansoff's matrix for increasing market
penetration share with existing products in existing markets?
What issues might
confront the corporate strategist after the corporate strategy has
All of the above
been
designed?
What issues might
confront the corporate strategist after the corporate strategy has
been
designed?
The risk register is an output from the "Identify Risks"
TRUE
Process.
Which level of
strategy impacts the operating staff to the greatest degree during
functional strategy
their daily
work experiences?
Logical
links between two events/facts are established by discovering:
Uncertainty Which of the
when looking to the future following statements best describes risk?
The expected profit of a strategy is equal to
FALSE the level of profit realized from the outcome with the highest level of
probability.
In order to achieve
the results expected by the stakeholders in the firm, Indicate the item
strategy should be done that does not reflect the essence of strategy.
every three years.
In
viability, feasibility, and benefit to the the conclusions section of an industry-based case study, the
company recommended action
plan is fully analysed in terms of its:
The
questioning mind
ability to think critically reflects a:
In order to realize
core competencies and its intended strategy, management of the firm must focus all its
competitive methods. energies on
alignment between
Which objective(s)
All of the above must be set, although they do not directly relate to the competitive
method?
Strategic formulation
as a process.
is done
What is the term for the action in which managers at an
organisation analyse the current situation of their organisation and
Strategy formulation
then
develop plans to accomplish its mission and achieve its goals?
they reflect Strategic objectives
implementation efforts to realize strategy. are considered to be routine if
In order to achieve
the results expected by the stakeholders in the firm, Indicate the item
strategy should be done that does not reflect the essence of strategy.
every three years.
This environment within the organization (different business
units, functional units, and the employees) is known as the
MICRO
‘__________’ or Internal
Environment.
The external environment encompasses everything
all of the above
that the company can not control:
The Z value for a particular outcome is equal to
the difference between the outcome and the expected outcome
TRUE
measured in terms
of standard deviations.
_____________ are concerned with customer service,
Marketing and sales departments collaboration and easy mobile
access to key company information.
In the present
environment, functional level strategies require that there be little or
no interaction among
the management team
different functional managers, because some functional managers,
synthesize and integrate the knowledge they
such as
possess in each functional area.
marketing managers and finance managers, are often mutually
exclusive of each
other
Corporate strategy
the choice of what
refers to the firm's ability to match the opportunities in the business
business the firm will be engaged in.
environment with
The risk register is a component of the project management plan
that
FALSE describes how risk management activities will be structured and
performed on a
project.
All
strategic decision-making
case studies involve documentation of the process of:
the management team
In the present
synthesize and integrate the knowledge they
environment, functional level strategies require that
possess in each functional area.
Project Charter is an input
Create WBS
to all of the following processes EXCEPT:
Obtaining stakeholder's formal acceptance of the
Validate Scope can be BEST described as the process of
project deliverables
how the organization In essence, an
will compete. organization's strategy provides a basic understanding of
A/An ___________ is some area which the business has not still
ventured into, but one that can have a positive influence on the
opportunity
organization’s
fortunes.
The primary output of Identify Risks is the Risk Identification Matrix
FALSE
(RIM).
Avoid,
What are the four possible options when responding to risk?
Transfer, Accept, Mitigate
the choice of what Corporate strategy
business the firm will be engaged in. refers to the firm's ability to match the opportunities in the business
 environment with
This is used to set boundaries which would be used to
Scope of solution space limit the available solutions which would be considered for
implementation.
A project plan and
Initiation, schedule for an e-business system needs to be put into place and
Prototyping, Final implementation, Maintenance would take the
following sequence in this systems development life cycle:
The validate scope process can occur at the end of the project or
at the end of a project phase. What is used to validate the scope of
Inspection
the
deliverables?
Which of the following is a Quantification technique?
More recent research
in 2009 by the Standish Group examined reasons for failure as well
as success.
User involvement
Lack of user input was given as the major reason for failure but
what was the
top success factor reported?
The expected value of a strategy is a measure of
FALSE
risk.
What issues might
confront the corporate strategist after the corporate strategy has
All of the above
been
designed?
Decisions made under risk require a decision
FALSE
maker to choose both a strategy and a state of nature.

Question 1
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Building an effective change strategy will weaken your change and increase its cost.

Select one:

True

False 

Question 2
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The content of your change is as important as your people strategies.

Select one:

True 
 False

Question 3
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The Process component of your change strategy sketches out a high-level roadmap to get you from
where you are today to where you need to be to achieve results from your change

Select one:

True 

False

Question 4
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Change is all about taking a good idea or new direction and making it real.

Select one:

True 

False

Question 5
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As you move through your change process, you must ensure that your values and principles have
intangible influence on your design requirements.

Select one:

True

False 

Question 6
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In order for the strategy to be implemented effectively, leadership/sponsorship at all levels needs to
support and spearhead the change initiatives.

Select one:

True 

False

Question 7
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The ability to quickly and efficiently respond to change is optional to survive within today’s volatile
working environment.

Select one:

True

False 

Question 8
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Giving targets a sense of control is key if you want your change to be implemented with less resistance,
and at speed.  

Select one:

True 

False

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The competitive methods of a company should reflect its management philosophy, which calls for

Select one:

a.
its core competencies.
b.
anticipatory action in the face of rapid change.

c.
none of the above.

d.
consistent allocation of the resources.
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Indicate the item that does not reflect the essence of strategy.

Select one:

a.
Strategy should be defined as a consistent pattern of resource allocation directed to those competitive
methods.

b.
Strategy demands high levels of energy and an orientation to the future.

c.
In order to achieve the results expected by the stakeholders in the firm, strategy should be done every
three years.

d.
Strategy includes many activities that come together synergistically to produce the results expected by the
shareholders in the firm.
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Question 11
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 Flag question

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In essence, an organization's strategy provides a basic understanding of

Select one:

a.
none of the above.

b.
how the resources will be allocated.

c.
how the organization will invest.

d.
how the organization will compete.
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Corporate, business, and functional strategies differ in

Select one:

a.
responsibility for decision making.

b.
all of the above.

c.
time frame for implementation.

d.
focus.
e.
specificity.
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Indicate the item that is not accurate in describing of different strategies.

Select one:

a.
Functional strategies direct the efficient allocation of the organization's resources to each of the various
divisions.

b.
These three levels of strategy should be in alignment if the firm is to achieve maximum levels of cash flow.

c.
Corporate strategy is concerned with the decision regarding what business should the firm be in and is
directed toward the achievement of the firm's overall objectives.

d.
Business strategy is designed to help each division or business unit of the firm contribute as effectively as
possible to the overall company.
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Corporate strategy refers to the firm's ability to match the opportunities in the business environment with

Select one:

a.
the functional strategies to develop.

b.
the choice of what business the firm will be engaged in.

c.
the specific products and services necessary to invest in.

d.
all of the above.
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What issues might confront the corporate strategist after the corporate strategy has been designed?

Select one:

a.
The portfolio or mix of businesses.

b.
How to create the maximum return on the investment by integration of different business.

c.
The problems of generating and allocating resources to these businesses.

d.
The portfolio or mix of businesses and the problems of generating and allocating resources to these
businesses.

e.
All of the above.
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Question 16
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What are the most important components for business level strategy making?

Select one:

a.
None of the above

b.
All of the above

c.
The capabilities of the firm and the opportunities and threats in the environment

d.
The distinctive competencies of the firm and its competitive methods
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Which level of strategy impacts the operating staff to the greatest degree during their daily work
experiences?

Select one:

a.
corporate strategy

b.
business strategy

c.
none of the above
d.
functional strategy
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In the present environment, functional level strategies require that

Select one:

a.
different functional managers should come together only when required to create strategy.

b.
there be little or no interaction among different functional managers, because some functional managers,
such as marketing managers and finance managers, are often mutually exclusive of each other

c.
the management team synthesize and integrate the knowledge they possess in each functional area.

d.
separate activities be performed by specialists who have acquired specific qualifications in the functional
area.
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Strategic formulation is done

Select one:

a.
dependent upon the environmental forces driving change.
b.
as a process; dependent upon the environmental forces driving change.

c.
only once every planning cycle.

d.
only once every planning cycle; as a process.

e.
as a process.
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In order to realize its intended strategy, management of the firm must focus all its energies on alignment
between

Select one:

a.
business strategy and corporate strategy.

b.
competitive methods and task environment.

c.
core competencies and remote environment.

d.
core competencies and competitive methods.
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