STRATEGIC THINKING (PLANNING AND EXECUTION) PRE TEST

Which of the following statements best describes the term Management?

• It is the process of giving orders to complete a task.

• Focused mainly on achieving the results on the prescribed timeline.

• A process of getting things done through other people.

• Focus on the efficient use of resources to complete a task.

In the planning stage of a project, the most important item is to be clear of the objectives and the desired results.

• True

• False

The master plan will have to include the budget and the timeline for execution.

• False

• True

Arrange the following in terms of the right sequence when doing strategic planning.

i) Brainstorm for ideas.

ii) Identify the objectives of the plan

iii) Look out for the right people

iv) Clear with audit unit

• I, ii iii and iv

• Ii, I, iv and iii

• Ii, iii, and iv only

• Iv, I, ii and iii

It is important to get Audit clearance when planning and execution. The role of audit is to ________________.

• Ensure compliance to SOP and weigh the risk factors

• Ensure profit is protected

• Ensure the timeline is within the SOP

• All of the above

Is effective communication considered a critical factor in strategic planning and execution?

• Yes

• No

Which of the following statements is/are VALID pertaining to Strategic planning and execution?

i. The concept of parking lot – questions with no answers where it needs immediate clarification.

ii. The role of the project lead to resolve such issues before moving on.

iii. Divide the work in a project management technique.

iv. There is a need to address last minute changing goal post from the top.

• I and ii only

• ii and iv only

• I, iii and iv

• All of the above

Which of the following are considered to be the critical skills of a project manager?

• Attention to details

• Sound technical knowledge

• Effective communicator

• All of the above

Leadership skills and project management skills are different in many way?

• True

• False

Able to manage the expectations of the stakeholders and give clear directions and information. This refers to ______________.

• Details conscious

• Good Negotiator

• Effective communicator

• Attention to details