SPMA 4P10 term test Questions with Correct Solutions| Latest Update Graded A+
Customer Perspective Measures customer satisfaction and market share.
Internal Business Processes Evaluates operational efficiency and product development.
Learning and Growth Perspective Focus on employee development and innovation.
Key Performance Indicators (KPIs) Metrics to measure success in objectives.
Stakeholder Interests Consideration of all parties affected by strategy.
Long-term Goals Objectives set for extended future outcomes.
Medium-term Goals Objectives aimed at mid-range timeframes.
Short-term Goals Immediate objectives for quick results.
Charity Event Planning Strategic approach to fundraising activities.
Volunteer Fatigue Exhaustion of volunteers impacting event success.
Competitive Analysis Assessment of rivals in fundraising market.
Virtual Events Online activities requiring fewer resources.
Stakeholder Considerations Understanding motivations of participants and sponsors.
,Economic Benefits Financial advantages for host communities.
Innovation vs. Feasibility Balancing creativity with practical execution.
Resource Constraints Limitations in budget and personnel.
Unique Capability Distinct advantage over competitors.
Operational Efficiency Maximizing output with minimal resources.
Participant Experience Quality of engagement in charity events.
Extravagant Ideas Innovative concepts that may be impractical.
Declining Returns Decreasing profits from existing events.
Crowded Marketplace Saturated market with many similar offerings.
Balanced Scorecard Framework for setting strategic goals across dimensions.
Financial Goal Target revenue generation with good return on investment.
Customer Goal Aim for high participant satisfaction or numbers.
Internal Process Goal Ensure smooth logistics and no safety issues.
,Learning/Innovation Goal Create replicable models for future events.
SWOT Analysis Tool for assessing strengths, weaknesses, opportunities, threats.
Core Competencies Unique strengths that differentiate an organization.
MoSCoW Method Prioritization framework: Must, Should, Could, Won't have.
RICE Scoring Quantitative tool: Reach, Impact, Confidence, Effort.
Reach Number of people affected in a given period.
Impact Strength of effect on each individual or objective.
Confidence Certainty level in estimates, expressed as a percentage.
Effort Resources or time required for a project.
RICE Score Formula (Reach × Impact × Confidence) / Effort.
Stakeholder Perspectives Different needs of sponsors versus participants.
Change Management Process of implementing organizational changes effectively.
Prioritization Frameworks Methods to systematically allocate limited resources.
, Strategic Choices Options available based on resources and market conditions.
External Factors Competition and market needs influencing strategy.
Internal Factors Resources and capabilities affecting strategic decisions.
Event Execution Implementing events without safety issues or disruptions.
Replicable Model Framework for repeating successful event strategies.
Stakeholder Management Engaging and addressing needs of all stakeholders.
Project Prioritization Ranking projects based on potential impact and effort.
Resource Allocation Distributing available resources to various initiatives.
Strategic Alignment Ensuring initiatives support overall organizational goals.
Decision-Making Process of making choices based on analysis.
Integration of Knowledge Combining insights into a coherent strategy.
Analytical Hierarchy Process (AHP) Method using pairwise comparisons for ranking options.
Pairwise Comparisons Comparing two options at a time for evaluation.
Customer Perspective Measures customer satisfaction and market share.
Internal Business Processes Evaluates operational efficiency and product development.
Learning and Growth Perspective Focus on employee development and innovation.
Key Performance Indicators (KPIs) Metrics to measure success in objectives.
Stakeholder Interests Consideration of all parties affected by strategy.
Long-term Goals Objectives set for extended future outcomes.
Medium-term Goals Objectives aimed at mid-range timeframes.
Short-term Goals Immediate objectives for quick results.
Charity Event Planning Strategic approach to fundraising activities.
Volunteer Fatigue Exhaustion of volunteers impacting event success.
Competitive Analysis Assessment of rivals in fundraising market.
Virtual Events Online activities requiring fewer resources.
Stakeholder Considerations Understanding motivations of participants and sponsors.
,Economic Benefits Financial advantages for host communities.
Innovation vs. Feasibility Balancing creativity with practical execution.
Resource Constraints Limitations in budget and personnel.
Unique Capability Distinct advantage over competitors.
Operational Efficiency Maximizing output with minimal resources.
Participant Experience Quality of engagement in charity events.
Extravagant Ideas Innovative concepts that may be impractical.
Declining Returns Decreasing profits from existing events.
Crowded Marketplace Saturated market with many similar offerings.
Balanced Scorecard Framework for setting strategic goals across dimensions.
Financial Goal Target revenue generation with good return on investment.
Customer Goal Aim for high participant satisfaction or numbers.
Internal Process Goal Ensure smooth logistics and no safety issues.
,Learning/Innovation Goal Create replicable models for future events.
SWOT Analysis Tool for assessing strengths, weaknesses, opportunities, threats.
Core Competencies Unique strengths that differentiate an organization.
MoSCoW Method Prioritization framework: Must, Should, Could, Won't have.
RICE Scoring Quantitative tool: Reach, Impact, Confidence, Effort.
Reach Number of people affected in a given period.
Impact Strength of effect on each individual or objective.
Confidence Certainty level in estimates, expressed as a percentage.
Effort Resources or time required for a project.
RICE Score Formula (Reach × Impact × Confidence) / Effort.
Stakeholder Perspectives Different needs of sponsors versus participants.
Change Management Process of implementing organizational changes effectively.
Prioritization Frameworks Methods to systematically allocate limited resources.
, Strategic Choices Options available based on resources and market conditions.
External Factors Competition and market needs influencing strategy.
Internal Factors Resources and capabilities affecting strategic decisions.
Event Execution Implementing events without safety issues or disruptions.
Replicable Model Framework for repeating successful event strategies.
Stakeholder Management Engaging and addressing needs of all stakeholders.
Project Prioritization Ranking projects based on potential impact and effort.
Resource Allocation Distributing available resources to various initiatives.
Strategic Alignment Ensuring initiatives support overall organizational goals.
Decision-Making Process of making choices based on analysis.
Integration of Knowledge Combining insights into a coherent strategy.
Analytical Hierarchy Process (AHP) Method using pairwise comparisons for ranking options.
Pairwise Comparisons Comparing two options at a time for evaluation.
