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IASPStrategy Planning Professional Exam Sample Questions:

1. Annual review of the strategic plan DOES NOT include

A) reviewing annual planning priorities.
B) conducting a financial audit.
C) conducting an external environmental scan.
D) updating core strategies.

2. Which of the following risk mitigation strategies focuses on reducing the likelihood or impact of a risk before it occurs?

A) Risk avoidance
B) Risk acceptance
C) Risk reduction
D) Risk transfer

3. Which of the following is generally included in the process of "cascading" an organizational strategy map?

A) Review employee development plans and performance incentives
B) Develop strategic objectives, performance measures, and strategic initiatives for business and support units
C) Reorganize business and support units
D) Write vision and mission statements for each business and support unit

4. Which of the following are the key considerations when determining which performance measure to apply to a strategic objective?

A) Is easy to track, reports on outcomes soon after the fact, and is accepted by industry leaders
B) Is valid and verifiable and helps to balance a mix of both leading and lagging performance indicators
C) Compares performance against competitors, communicates a positive message to shareholders, is tracked without creating new processes, and is predictive
D) Is linked to financial performance, is requested by the board of directors, gives insight as to what customers are thinking, and is predictive

5. Identifying desired outcomes helps steer a strategic planning process by

A) releasing emotional energy.
B) helping align all participants toward a common orientation.
C) codifying the leader's perspective.
D) putting a cap on proposed investments.

Solutions: