Podcast
Questions and Answers
What is the timeframe typically associated with long-term planning?
What is the timeframe typically associated with long-term planning?
- 3-5 years
- 5-10 years (correct)
- 1-2 years
- 15-20 years
Which of the following is NOT a focus area of long-term planning according to the text?
Which of the following is NOT a focus area of long-term planning according to the text?
- Detailed investment
- Financial strategy
- Yearly budgeting (correct)
- Commercial policies
What is one of the key purposes of long-term planning as mentioned in the text?
What is one of the key purposes of long-term planning as mentioned in the text?
- Allocating resources for immediate actions
- Setting yearly budget targets
- Anticipating future problems and evolutions (correct)
- Identifying short-term goals only
In what way does medium-term planning differ from long-term planning?
In what way does medium-term planning differ from long-term planning?
Which of the following does long-term planning NOT typically address?
Which of the following does long-term planning NOT typically address?
What should be consistent among the various levels of planning according to the text?
What should be consistent among the various levels of planning according to the text?
What is the main purpose of a Master Plan?
What is the main purpose of a Master Plan?
What differentiates a Master Plan from a Business Plan?
What differentiates a Master Plan from a Business Plan?
Why should a Master Plan be updated regularly?
Why should a Master Plan be updated regularly?
What should a rail Business Plan include according to the text?
What should a rail Business Plan include according to the text?
Why do rail Business Plans vary considerably from one country to another?
Why do rail Business Plans vary considerably from one country to another?
What aspect should be clearly addressed whenever a new investment or expense is suggested in planning?
What aspect should be clearly addressed whenever a new investment or expense is suggested in planning?
What may be a consequence of a decision to lower tariffs and increase traffic without availability of rolling stock?
What may be a consequence of a decision to lower tariffs and increase traffic without availability of rolling stock?
In the context of railway planning, what is emphasized in Business Plans?
In the context of railway planning, what is emphasized in Business Plans?
What does successful planning in the railway sector need to be characterized by?
What does successful planning in the railway sector need to be characterized by?
How are Master Plans different from Business Plans in railway activity planning?
How are Master Plans different from Business Plans in railway activity planning?
What is the main purpose of a Master or Business Plan in railway system development?
What is the main purpose of a Master or Business Plan in railway system development?
Why may failure to respond timely to external changes in the railways sector be disastrous?
Why may failure to respond timely to external changes in the railways sector be disastrous?
