BRMP PRACTICE STATEMENTS (Y/N) With Correct answers

BRMP PRACTICE STATEMENTS (Y/N) With Correct answers (IN) - Great work relationships satisfy purpose to help organizations operate indefinitely. <.> - Answer-Y - Page 9 Organizations need Purpose <,> (IN) - Value is defined by revenue and profit. <.> - Answer-N - (Value is defined by so much more than just revenue, expenses, and profit. It can also come from a person having a sense of pride in a job well done, or from feeling their work has meaning.) Pg 9 Idea of Value is Evolving <,> (IN) - Strong relationships are necessary to help organization to be agile. <.> - AnswerY - Page 9 Global Digitalization Requires Agility <,> (IN) - Alignment is not sufficient for building great relationships. <.> - Answer-Y - Page 10 Organizations are moving from alignment to Convergence <,> (IN) - The relationship centered organization includes the environment, knowledge and mindsets. <.> - Answer-Y - Page 12 Top of page <,> (IN) - The theory of relationshipism explains the power of relationships in organization. <.> - Answer-Y - Page 12 Theory of Relationshipism <,> (IN) - The BRM Capability centers on the belief that positive relationships drive value in organizations. <.> - Answer-N - (BRM PHILOSOPHY) Pg 13 BRM Philosophy <,> (IN) - The Triple Bottom Line is focused on Purpose, Passion and planet <.> - Answer-N - (PURPOSE, PEOPLE, PLANET) Pg 14 Triple Bottom Line <,> (IN) - The Triple Bottom Line adds a new dimension to the calculation of value. <.> - Answer-Y - P15 Purpose <,> (IN) - Relationships are everywhere in your organization. <.> - Answer-Y - P16 Summary <,> (IN) - The definition of the BRM capability is to shape and influence the concepts of the BRM role <.> - Answer-N - (IS EVERYTHING IT TAKES, VISABLE AND INVISABLE, TO NURTURE RELATIONSHIPS IN AN ORGANIZATION) Pg 16 BRM Capability definition <,> (IN) - The BRM Capability has four sub capabilities: evolve culture, build partnerships, drive value and satisfy purpose. <.> - Answer-Y - Pg 17 <,> (IN) - The Business Relationship Management Discipline is an effective application of knowledge, competencies and behaviours. <.> - Answer-N - (KNOWLEDGE, COMPETENCIES, MINDSET) Pg 17 BRM Discipline <,> (IN) - The BRM Role is a set of competencies required to advance the BRM capability <.> - Answer-Y - P18 BRM Role <,> (CA) - A BRM Capability is everything it takes, visible and invisible to nurture relationships in an organization. <.> - Answer-Y - P19 BRM Capability <,> (CA) - The Innovation Factor is the discovery of value in existing value to further improve the organization. <.> - Answer-N - (NEW SOURCES OF VALUE) P21 Innovation Factor <,> (CA) - The human factor is how an organization treats people and recognizes the human needs of people. <.> - Answer-Y - P21 Human Factor <,> (CA) - The now-to-new approach to change is a mechanical process. <.> - Answer-N - (Change in an organization is constant because value discovery and realization are constant. Relationship- centered organizations take advantage of the quality and quantity of great work relationships and enab