Free CIMAPRO19-P03-1 Exam braindumps download (CIMAPRO19-P03-1 exam dumps Free)

QUESTION: 91

DFG is the largest bridge-building company in its home country, H. DFG works exclusively for the government of country H and the government awards DFG 80% of the contracts to build new bridges.

DFG's directors are considering using the big data approach to identify opportunities to increase sales revenues and profit.
Which of the following statements are true?

Big data has the potential to identify ways in which DFG can reduce construction costs.
DFG should supplement its existing databases in order to enhance the benefit from big data.
The big data approach may help DFG to price contract bids more accurately.
Big data has the potential to identify ways in which DFG can increase sales.
It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.

Answer(s): A,B,C

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QUESTION: 92

Achieving the budget is often used as a good performance measure. However, there are problems with budgets which may mean they are not always good measures of performance. Which TWO of the following statements about budgets suggest that they should not always be used to measure performance?

Budgets may deliberately be set too low by managers so they are easily achieved and make the manager look good.
Budgets are a commitment. They therefore act as a constraint on doing anything different.
Budgets can be used to motivate staff if they are set correctly.
Budgets can give people goals to achieve and if everyone strives to achieve these goals the whole organisation will benefit.

Answer(s): A,B

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QUESTION: 93

Which of the following statements concerning the use of balanced scorecards to measure divisional performance is correct?

Dysfunctional behaviour is more difficult than under traditional reporting because a wide range of factors will be measured and reported.
Dysfunctional behaviour is impossible because divisional managers are evaluated on so many different decisions.
Contradictory and inconsistent targets prevent balanced scorecards being a useful tool for performance evaluation.
The input for balanced scorecard reports comes from many sources so it is not possible to misrepresent performance.

Answer(s): A

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QUESTION: 94

DRAG DROP
B uses a balanced scorecard to monitor the performance of its divisions. Classify each of the following decisions taken by a division's management team as either commercially sound or dysfunctional.

See Explanation section for answer.

Answer(s): A

Explanation:

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QUESTION: 95

University B has several departments. Each department at times obtains funding from different sources such as government grants and industry sponsorships. The central management of the university has decided to develop a module within its current Information System to track these funds centrally.
The central management of the University has decided to utilise in-house expertise in order to build this module.
Which THREE of the following represent advantages of developing this module and doing so using in- house expertise?

Time will be saved because there will be no need to explain the basic structure and operations of the University to an outside contractor.
In-house experts will be more easily able to integrate the module into the existing system.
There is a better chance that in-house experts will spot long-standing inefficiencies or anomalies in the existing system.
The system may limit the freedom of heads of department to act with autonomy.
The system will make it easier for central management in the University to access the performance of individuals, departments and groups.

Answer(s): A,B,E

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Free CIMAPRO19-P03-1 Exam Braindumps P3 Risk Management Questions 91–95 (page: 20)

QUESTION: 91

QUESTION: 92

QUESTION: 93

QUESTION: 94

Explanation:

QUESTION: 95

Free CIMAPRO19-P03-1 Exam Braindumps
P3 Risk Management Questions 91–95 (page: 20)