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Introduction to SH Group International Planning Session

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Introduction to SH Group International Planning Session

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Questions and Answers

What is the primary purpose of planning?

To make decisions based on logical thinking

To ensure efficient resource allocation

To create strategies for achieving goals (correct)

To think before taking action

What are the characteristics of planning according to the text?

Predicting the future and making rational decisions (correct)

Spontaneous decision making

Reacting to unforeseen circumstances

Visualizing the past and present

What is the age at which Henri Fayol introduced his ideas about management?

70 (correct)

What is the SMART Objective framework used for in SH Group International's planning process?

To guide the development of tactics for achieving goals Signup and view all the answers

What does planning help in doing, as mentioned in the text?

Deciding in advance the way to deal with situations Signup and view all the answers

How does planning contribute to achieving a desired goal and/or objective?

By thinking about the activities required in advance Signup and view all the answers

What is the fundamental management function involving deciding beforehand?

Planning Signup and view all the answers

According to AACE International, what is Planning based on?

Applied logic Signup and view all the answers

What is the hierarchical decomposition of the total scope of work called?

Work Breakdown Structure (WBS) Signup and view all the answers

Which process involves deciding on how the schedule will be developed and managed?

Project Scheduling Signup and view all the answers

What is an effort needed to complete a work package called?

Activity Signup and view all the answers

Which element is NOT considered as a resource in project management?

Money Signup and view all the answers

What does the WBS structure reflect?

The way in which work will be performed and how cost and schedule data will be summarized and reported Signup and view all the answers

Which management function involves influencing people to achieve the organization's goals?

Leading Signup and view all the answers

What does the process of 'Determine Activities' involve?

Defining the activities needed to complete work packages Signup and view all the answers

What is the primary purpose of 'Current Situation Analysis' in strategic thinking?

To assess the current state of affairs Signup and view all the answers