Strategic Implementation & Resource Allocation

What is the main goal of resource allocation?

• To waste resources

• To optimize the use of available resources

• To delay project completion

• To increase costs

Which factor is considered when assigning employees to projects in a software company?

• Their favorite color

• Their skills and expertise

• The number of coffee breaks they take

• Their social media activity

Answer explanation

How does a construction company allocate limited equipment like cranes and trucks?

• By giving all equipment to one site only

• By assigning equipment randomly

• By analyzing project schedules and priorities

• By waiting until a project is almost finished

What is one way a multinational company allocates its marketing budget?

• By choosing campaigns based on their potential return on investment

• By spending all the money on one advertisement

• By ignoring market research

• By avoiding social media promotions

What is the purpose of resource leveling?

• To overload employees with work

• To balance resource demand with availability

• To finish projects as slowly as possible

• To randomly assign resources without a plan

What are the 3 Cs of Implementing Strategy?

• Clarify, Communicate, Cascade

• Communicate, Condition, Control

• Coordinate, Collaborate, Communicate

• Competent, Communicate, Compliance

It is the process by which strategies and policies are put into action though the development of programs, budgets and procedures.

• Strategic Formulation

• Strategic Planning

• Strategic Implementation

• Strategic Evaluation

Which of the following is a pitfall in Strategic Implementation?

• No implementation in sight

• Lack of communication and ownership

• Overwhelming or meaningless strategic plan

• All of the above

The 2nd Step in Strategic Implementation. It creates focus and drive accountability by delegating work.

• Stay Agile

• Communicate Goals

• Engage Your Team

• Get Closure

The 2nd Step in Strategic Implementation. It creates focus and drive accountability by delegating work.

• Stay Agile

• Communicate Goals

• Engage Your Team

• Get Closure