Free IASP SPP Practice Exam with Questions & Answers | Set: 2

Key stakeholders are identified by consideringthose individuals or groups who are most affected by and have the ability to influence the outcomes of a project or strategic initiative. This broad perspective ensures inclusion of all critical parties, internal or external, that can impact success or failure. The IASP SPP curriculum emphasizes the importance of comprehensive stakeholder analysis for effective engagement, risk mitigation, and support. Limiting focus to boards, customers, or shareholders alone misses other important influencers such as employees, partners, or regulators.【IASP SPP Study Guide - Stakeholder Analysis】【Freeman, Strategic Management】

Divestiture of noncore businesses or programs is generally a strategy for portfolio optimization or refocusing rather than direct growth. It involves shedding assets to concentrate on core competencies, which may improve efficiency but does not itself drive growth. In contrast, international expansion, vertical integration, and acquisition are classic growth strategies designed to increase market share, capabilities, or geographic reach. The IASP SPP curriculum distinguishes between growth-oriented and restructuring strategies to clarify strategic intent and resource allocation.【IASP SPP Study Guide - Growth Strategies】【Ansoff, Corporate Strategy】

Project management skills are essential for employees to effectivelyplan, organize, execute, and monitorstrategic projects. These skills enable managing scope, resources, timelines, and risks, directly contributing to successful implementation. The IASP SPP curriculum identifies project management as a foundational competency in strategy execution, equipping employees to navigate complexities and meet objectives. While surveys and forecasts inform decisions, project management provides the practical tools for day-to-day implementation. Budgeting supports resource allocation but is not a skill per se.【IASP SPP Study Guide - Project Management】【PMI, PMBOK Guide】

Force-field analysisis primarily a change management tool used to evaluate forces supporting and opposing change, not a core quality management practice. In contrast,quantitative measurement, process redesign, and benchmarkingare foundational quality management practices that drive continuous improvement aligned with strategy and values. The IASP SPP curriculum distinguishes quality management tools that enhance operational excellence from change analysis techniques like force-field analysis.【IASP SPP Study Guide - Quality Management】【Deming, Total Quality Management】

Thechief executive officer (CEO) and senior management teamhold primary responsibility for changing organizational culture to align with new strategic directions. Their leadership behaviors, decisions, and communications set the tone and expectations that influence culture. The IASP SPP framework emphasizes that cultural transformation requires visible and sustained commitment from top leaders who model desired values and allocate resources accordingly. While HR and consultants can facilitate initiatives, the authority and influence of senior leadership are essential to embed cultural change and ensure organizational-wide adoption.【IASP SPP Study Guide - Culture Change】【Kotter, Leading Change】

Providing key stakeholders with project status updatesat key milestone markersbalances transparency and efficiency. Regular, milestone-based reporting keeps stakeholders informed at critical junctures when decisions or resource commitments may be necessary, without overwhelming them with constant information. The IASP SPP curriculum emphasizes structured communication plans as part of effective strategy implementation, ensuring stakeholders remain engaged and informed in a timely, manageable way. While access on demand (option C) may seem ideal, practical constraints and information overload make milestone reporting the most effective approach.【IASP SPP Study Guide - Communication in Implementation】【PMBOK Guide】

Quality controlinvolves monitoring actual performance against established standards or goals and taking corrective actions when deviations occur. It is an essential step in maintaining process consistency and product/service quality. The IASP SPP curriculum identifies quality control as a key component of continuous improvement and strategic execution, ensuring that outcomes meet expectations and strategic objectives are achieved. Quality design refers to establishing specifications; quality planning involves defining standards; quality improvement focuses on enhancing processes. Quality control serves as the feedback mechanism to detect and address gaps in performance.【IASP SPP Study Guide - Quality Management】【Deming, Total Quality Management】

Key performance measures should bevalid, verifiable, and balanced between leading (predictive) and lagging (outcome) indicators. Validity ensures measures accurately represent performance, while verification ensures reliable data. Balancing indicator types allows organizations to anticipate issues early and assess results after the fact. The IASP SPP curriculum stresses this balance as critical for effective performance management and strategic responsiveness. While ease of tracking and stakeholder acceptance are important, validity and balance are fundamental.【IASP SPP Study Guide - Performance Metrics】【Kaplan & Norton, Balanced Scorecard】

Collaborative online tools enhance customer interactions by enablinginstant and continuous two-way communication, allowing organizations to respond promptly, gather feedback, and engage customers in real-time. The IASP SPP curriculum recognizes that such tools are increasingly critical for improving customer experience, building loyalty, and fostering co-creation of value. While these tools can have downsides if mismanaged, their primary effect is to expand communication capabilities, supporting transparency and responsiveness that differentiate organizations competitively.【IASP SPP Study Guide - Customer Engagement】【Prahalad & Ramaswamy, Co-creation of Value】

TheDelphi Approachis a structured communication technique that solicits expert opinions anonymously through iterative rounds, allowing participants to revise their views based on group feedback without peer pressure or dominance. This anonymity improves the quality of input on complex issues such as SWOT (or OTSW) analysis. Rollinson and Young recommend this approach for strategic analysis because it fosters honest, unbiased insights, which are crucial for identifying genuine strengths, weaknesses, opportunities, and threats. The IASP SPP recognizes Delphi as a valuable tool for stakeholder engagement and environmental analysis.【IASP SPP Study Guide - Strategic Analysis Tools】【Rollinson & Young, Strategy in the 21st Century】