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IASPStrategy Planning Professional Exam - SPP Exam Questions

Page: 1 / 17
Total 163 questions

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QUESTION NO: 1
Cost reduction can be MOST consistently achieved by

A. Pressuring suppliers to cut corners B. Investing heavily in information technology C. Reducing staff to minimum essential levels D. Reducing unnecessary processes

Correct Answer: D

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QUESTION NO: 2
An effective vision statement

A. is carefully defined and complete. B. explains the organization's strategy. C. sets aggressive financial goals. D. is future oriented and inspiring.

Correct Answer: D

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QUESTION NO: 3
Strategic planning impacts the annual planning and budgeting process by

A. Flowing budgets down to lower levels B. Identifying strategies for ongoing initiatives C. Establishing priorities D. Defining the organization's structure

Correct Answer: C

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QUESTION NO: 4
Which of the following is the BEST approach to getting buy-in and continuous engagement from stakeholders?

A. Find ways to bypass the support of stakeholders B. Invite key stakeholders to attend an initial planning session to discuss the change C. Tell stakeholders who are against the change that they do not have a choice D. Ask stakeholders who are against the change what is needed to get their support

Correct Answer: D

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QUESTION NO: 5
Which of the following risk mitigation strategies focuses on reducing the likelihood or impact of a risk before it occurs?

A. Risk reduction B. Risk avoidance C. Risk acceptance D. Risk transfer

Correct Answer: A

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QUESTION NO: 6
The goal of any strategic planning process is to produce a strategic plan that

A. consumes as little resources as possible in its development. B. is clear to all who read it. C. has the complete support of management. D. supports the realization of the organization's vision

Correct Answer: D

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QUESTION NO: 7
Which of the following BEST describes an effective organizational vision?

A. Is a forward looking, emotionally grabbing sentence that identifies where the organization aspires to be in the long-term B. Lists a variety of strategic goals, organizational functions, and performance measures C. Describes next year's goals, the organization's core values, and the key processes used to satisfy its customers and stakeholders D. Describes the purpose of the organization, the services and products provided, and how the organization creates value for its customers

Correct Answer: A

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QUESTION NO: 8
Employee commitment should be secured at what point in the strategic management process?

A. After senior managers have made asset allocation decisions B. As early as possible C. Once key analysis has been completed D. Not until the vision has been approved

Correct Answer: B

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QUESTION NO: 9
Which of the following are steps to success in a project life cycle?

A. Budget, plan, evaluate, and monitor B. Define, plan, implement, and evaluate C. Assign, budget, plan, and implement D. Plan, change, evaluate, and monitor

Correct Answer: B

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QUESTION NO: 10
Which of the following is a common impediment or barrier to effective strategic planning?

A. Thorough involvement of middle management B. A lack of senior management support C. Fully engaged strategic planning staff D. Balanced focus on external and internal pressures or trends

Correct Answer: B

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Page: 1 / 17
Total 163 questions

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