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MBA - Master of Business Administration

Strategic Planning

Which of the following is correct? Strategy implementation is best defined as
A. ‘making it happen’.
B. ‘the matching of resources to the competitive pressures present in the organisation’s external environment’.
C. ‘the process of manipulating the pattern of interactions an organisation has with its environment, in order to achieve its objectives’.
D. ‘the direction and scope of a business, over a sustained period, which allocates resources to activities so as to meet the needs of customers and outperform competitors in the same industry’.

Project Management

Project management is now used by numerous different disciplines and has evolved
into an integral management component for a wide range of industries. Increasingly,
large organisations are setting up their own project management development
sections. This has been accompanied by a proliferation of professional project
management consultancies. In many sectors, especially construction, the relative
growth in the design professions such as architecture and structural engineering
has been relatively static, while the popularity of construction project management
has soared.

Project management techniques today allow previously unheard of opportunities
for evaluation and comparison. For example, the use of a Strategic Project
Plan (SPP) allows accurate and standard recording and reporting of all aspects
of a project’s development. This practice of standardisation includes design, execution,
implementation and use. This standardisation allows comparisons to be made
that would not previously have been possible. SPPs are increasingly being
used as an assessment technique to assist in deciding which
project management consultancy to employ.

Can you answer these questions: T=True and F=False

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