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Provides comprehensive insights and tools for analyzing business environments, evaluating opportunities, and developing effective strategies.
A focus strategy is one based on a broad competitive scope.
What is the term used in Ansoff's matrix for increasing market share with existing products in existing markets?
The characteristics, features, or function of the product or service that is to be built.
Profitability stemming from how well a firm positions itself in the market is a key feature of which writer's view on strategy?
Too often, business processes and product scope are defined at a very low level
The ability to think critically reflects a:
When complete, the risk register presents the results of both qualitative and quantitative risk analysis as well as risk response planning.
The context of business analysis refers to the analyst’s ability to make selection of a course of action or to be able to facilitate such a thinking process.
An individual, a group of people, or an organisation who can affect or be affected positively or negatively by your project.
A risk management plan should define who has responsibility for causing each risk and hold the responsible party directly accountable for developing an appropriate solution.
In the conclusions section of an industry-based case study, the recommended action plan is fully analysed in terms of its:
What does PEST stand for?
The one area where a rules-based approach to risk management may be sufficient to mitigate or eliminate risk.
‘__________’ a.k.a external environment consists of the external stakeholders including government, regulatory bodies, technology service providers, competitors, partners, vendors, etc.
Work Performance Measurement is an output of which process:
Current state and future state process analysis go hand-in-hand when you are evaluating business processes.
Which level of strategy impacts the operating staff to the greatest degree during their daily work experiences?
The benefits of identifying the right stakeholders and properly analysing them is that:
In the scientific study of a problem, opinions are not allowed because they are not:
____________ is a framework or tool used by marketers to analyse and monitor the macro-environmental (external marketing environment) factors that have an impact on an organisation.
The process of defining how to conduct risk management activities for a project is known as Project Risk Absorption Methodology (PRAM).
_______________ is defined as “an uncertain event or condition that, if it occurs, has a positive or negative effect on a project’s objectives”
Sustainable packaging is an oxymoron – to embrace it as part of the solution, part of the problem, is good for resilience on a resource-poor planet.
Which factor is not normally considered in risk control?
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 types of cultural orientation can be identified in companies. Which 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?
_________ include - health and safety, equal opportunities, advertising standards, consumer rights and laws, product labelling and product safety.
Does the project manager look into risks:
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:
Benefits can be defined as detail savings in terms of revenue and productivity that are a result of achieving greater efficiency
The cost per risk for risks discovered early in the project is often more than the cost per risk for risks discovered late because there is more opportunity for the risk to impact several dimensions of the project.
Change is all about taking a good idea or new direction and making it real.
In a case study, the executive summary is placed:
1. Which of the following can be BEST described as a characteristic of Work Package?
Knowledge management has a key role within e-business since business success depends on staff knowledge of various business functions. One aim of knowledge management is to turn:
The business case captures the reasoning for initiating a project or task. It is the information needed for authorization of the project.
There are several key goals or motivations for implementing current state analysis, including:
Validate Scope defines a process that:
The first requirement for being able to write an analysis of a theoretical case is thorough knowledge of the concerned:
The business case is a key output to the project management plan .
Business analysts do not work solely on developing software systems, but work across the organization, solving business problems in consultation with business stakeholders.
Corporate, business, and functional strategies differ in
If the answer to the questions posed in the assessment stage is “Yes” or “Sure,” we undergo a planning stage where the company proposes strategic alternatives.
The content of your change is as important as your people strategies.
_____________ are concerned with employee engagement and company objectives.
A list of all possible states of nature and their probabilities is referred to as a probability distribution.
Which one is not an element in the primary activities of a value chain?
Business Analysts does not play a pivotal role in digital transformation projects carried out by organizations.
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'?
What are the most important components for business level strategy making?
More recent research in 2009 by the Standish Group examined reasons for failure as well as success. Lack of user input was given as the major reason for failure but what was the top success factor reported?
The external environment encompasses everything that the company can not control:
Risk refers to a situation in which the probability of each possible outcome to a decision is unknown or meaningless.
This environment within the organization (different business units, functional units, and the employees) is known as the ‘__________’ or Internal Environment.
Identifying Alternative strategies’ is also knowing as a
Corporate strategy focuses on the firm’s decisions at an operational level (e.g. in marketing).
When an analyst performs fundamental analysis on a stock or any security for that matter, he puts forward some assumptions which correlate to the timing of the buy or sell decisions pertaining to the stock.
Decisions made under risk require a decision maker to choose both a strategy and a state of nature.
The purpose of risk management is to eliminate all project risk.
SWOT means Strengths Weaknesses Opportunities _________.
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?
A BAs role is to understand customer problems and be able to recommend suitable solutions.
The future state can range from simple changes such as removing a feature in an application to complex changes such as entering a new market.
___________ environment consists of immediate inbound and outbound logistics service providers in the supply chain
A/An _________ is some limitation within the organization or from the environment that is hindering the progress of an organization.
A _______ is a set of interrelated activities that are carried out by a business in an organized manner in order to convert the inputs to outputs.
In the 'five forces model', what is the type of competitive activity that exists between organisations?
Vertical integration forwards is when a firm mergers or acquires another…
Inputs can be products, services or results.
________ are intangible but they too have features or characteristics that add value to customer expectations.
All organization intends to operate at the same level all the time.
A case, in management studies, gives an account of:
The ability to quickly and efficiently respond to change is optional to survive within today’s volatile working environment.
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 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?
A/An ___________ is some area which the business has not still ventured into, but one that can have a positive influence on the organization’s fortunes.
A good Current State Analysis helps to change the culture of the organisation.
As you move through your change process, you must ensure that your values and principles have intangible influence on your design requirements.
Indicate the item that does not reflect the essence of strategy.
Giving targets a sense of control is key if you want your change to be implemented with less resistance, and at speed.
The competitive methods of a company should reflect its management philosophy, which calls for
The term 'change management' refers to managing changes to organisational processes and structure plus their impact on staff and culture. The introduction of e-business represents many challenges and requires careful planning. To help achieve different aspects of change, a series of success factors seem to be required:
The BA must be able to understand and decipher requirements elicited and be able to devise solutions to overcome problems faced by customers.
SMART stands for smart, measurable, achievable, _________ and time-bound.
All of the below are inputs to Define Scope process EXCEPT:
The expected value of a strategy is a measure of risk.
Having a scope change control process without also having a well-defined product scope statement will most likely result in failure.
Which of the following is a Quantification technique?
Cases dealing with an organization’s experiences and efforts to solve problems are described as:
The definition of strategic analysis may differ from an academic or business perspective, but the process involves several common factors:
The executive summary helps the decision-maker:
When the impact of an event is negative, it is considered a risk; when the impact is positive, the event is considered an opportunity.
The risk register is a living document and new risks can be added as they are discovered.
The primary output of Identify Risks is the Risk Identification Matrix (RIM).
This is used to set boundaries which would be used to limit the available solutions which would be considered for implementation.
What is the term for the action in which managers at an organisation analyse the current situation of their organisation and then develop plans to accomplish its mission and achieve its goals?
A project plan and schedule for an e-business system needs to be put into place and would take the following sequence in this systems development life cycle:
Logical links between two events/facts are established by discovering:
Of what is advertising a form?
Tools and techniques used in the Monitor and Control Risks Process include risk register updates and change requests.
It is a research discipline of identifying business needs and determining solutions to business problems.
The risk register is an output from the "Identify Risks" Process.
All case studies involve documentation of the process of:
Project Charter is an input to all of the following processes EXCEPT:
Which objective(s) must be set, although they do not directly relate to the competitive method?
In order to understand the role of a business analyst it is imperative to, first of all, understand what a business is and about the complexities involved in operating a business entity.
_____________ are concerned with customer service, collaboration and easy mobile access to key company information.
Building an effective change strategy will weaken your change and increase its cost.
The future state description includes the new, modified and removed components of the enterprise.
A word that comes from Greek and means primary structure.
Why Risk Management is Important? Which answer is incorrect?
When does an acquisition take place?
Market transactions, when performed with good command on timing, generate no returns.
Validate Scope can be BEST described as the process of
Business organization is any entity that takes in inputs (financial or non-financial resources) and converts them into outputs through various business processes.
The strategic objective of a scope statement is to define focus
What are the four possible options when responding to risk?
______________ defines the design of a business operation, usually described in terms of business capabilities and supporting technology capabilities.
In order to realize its intended strategy, management of the firm must focus all its energies on alignment between
What issues might confront the corporate strategist after the corporate strategy has been designed?
The areas that involve the shared belief and attitudes of the population.
This refers to the process of conducting research on a company and its operating environment to formulate a strategy.
What is the term for the extent to which competition in one country is influenced by competition in other countries?
Corporate strategy refers to the firm's ability to match the opportunities in the business environment with
The highest degree of uncertainty is in project closure.
A payoff matrix shows the profit that would be earned under certainty, risk, and uncertainty so the decision maker can choose which is best.
Strategic analysis is the foundation for understanding the strategic gap – the difference between the current position and the desired position of the organization.
Strategic formulation is done
At the highest level, corporate strategy involves high-level strategic decisions that will help a company sustain a competitive advantage and remain profitable in the foreseeable future.
Tools and techniques used in identifying project risks include documentation reviews, expert judgment, and assumptions analysis.
Which of these is not a source of risk?
_____________ includes all the work that needs to be done to create a product, or deliver a service or result.
When there is only one possible outcome to a decision, risk or uncertainty is present.
The driving force when deciding how to build a business case will be how to demonstrate the value your project will deliver.
A BA is expected to look at needs of stakeholders thinking from different perspectives and suggest unorthodox solutions
The risk register is a component of the project management plan that describes how risk management activities will be structured and performed on a project.
Who creates the scope baseline?
___________ are concerned with technical objectives they want to achieve and becoming closer to business processes.
What is scope decomposition?
Which of the following statements best describes risk?
The BA must instead be able to listen, observe, learn and understand whatever is required to facilitate the process of providing solutions for problems and opportunities.
A project risk is anything that may impact the project team's ability to achieve the general project success measures and the specific project stakeholders' priorities.
Indicate the item that is not accurate in describing of different strategies.
When determining the risk of an event or activity it can be classed as major, moderate or minor – which of the following statements correctly describes the classification?
___________ are concerned with making communication within the organization easier, employee engagement, cost savings and collaboration.
The expected profit of a strategy is equal to the level of profit realized from the outcome with the highest level of probability.
Technological factors affect marketing and the management thereof in distinct way/s:
Strategic objectives are considered to be routine if
In the present environment, functional level strategies require that
The owner is responsible for ensuring the continued viability of the project and that the benefits defined in the business case are realized after project completion.
When performing the scope control process, which of the following statements is correct?
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
These entities in the business context (business environment) are all known as stakeholders (individuals or groups that influence (impacts) or have an interest in the organization.
In order for the strategy to be implemented effectively, leadership/sponsorship at all levels needs to support and spearhead the change initiatives.
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 the deliverables?
Quick and short-term profits can be earned with good market timing.
In essence, an organization's strategy provides a basic understanding of
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