MSP EXAM QUESTIONS AND CORRECT ANSWERS ALREADY PASSED
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Module
MSP
Institution
MSP
MSP EXAM QUESTIONS AND CORRECT ANSWERS ALREADY PASSED
What is the key message of deploying diverse skills - Answer- An MSP prgramme deploys diverse skills: meeting the changing needs of work
How do you achieve the deploying diverse skills principle? (7 elements) Remember: PPPASAA - Answer- -...
MSP EXAM QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED
What is the key message of deploying diverse skills - Answer- An MSP prgramme
deploys diverse skills: meeting the changing needs of work
How do you achieve the deploying diverse skills principle? (7 elements) Remember:
PPPASAA - Answer- -Provide oversight of development of required organizational
capabilities & resource capacity
-Provide clarity skills necessary for target op model to work
-Providing visibility in budget of costs of deploying specialised skills
-Appropriately planning delivery using appropriate mix of resources to achieve
outcomes of benefit
-Supporting stakeholder & team member access to info
-Allocating the right resources to assurance activities, balancing independence,
specialist knowledge & cost
-Analysing data to forcast impact on the capability and capacity of investing
organisations.
What is the key message of realising measurable benefits - Answer- An MSP
programme realises measurable benefits: designing and delivering coherent
organisational capabilities
How do you achieve the realise measurable benefits principle (7 elements) Remember:
EDEEEFK - Answer- -Ensuring stakeholders engaged, 2 way communication about
outcomes of benefit
-Designing benefits map and profiles
-Ensuring benefits are measurable through direct route to cash, cash proxies or non
financial measure
-Ensuring outcomes of benefit are embedded in line with intermediate landing points
-Ensuring stakeholders can access details of benefits & how they are measured
-Focus assurance on risks affecting outcomes of benefit over time
-Keep decision making focus at programme level
What is the key message of bringing pace and value - Answer- An MSP programme
brings pace and value: justifying the investment in programme management to
stakeholders
How do you achieve the bringing pace and value principle (7 elements) Remember
FKEPEPW - Answer- -focusing on establishing governance that empowers decision
making as close to the day-to-day work as pos
, -keeping the vision, benefits and target operating model clear and aligned with priorities
-expressing the design and structure of the programme in financial terms
-planning delivery of capabilities at best pace to achieve outcomes of benefit in line with
bc
-Encouraging learning of lessons and development
-Planning assurance which is timely and appropriate
-Working within clear delegated limits of authority and only escalating when needed.
There is a common list of themes which are applied to all the methods of achieving the
different MSP principles.
In order, what are they - Answer- 1. organisation theme
2. design theme
3. justification theme
4. structure theme
5. assurance theme
6. decisions theme
List the 7 MSP themes - Answer- 1. organisation
2. design
3. justification
4. structure
5. assurance
6. decisions
Define theme - Answer- Theme
An essential aspect of governance required to ensure that the programme is aligned
with the principles. Themes are collectively applied during the processes throughout the
programmes lifecycle.
Define programme governance - Answer- Programme Governance
The framework of authority and accountability applied by the investing organisations to
control the work and ensure the creation of value.
controls may include: policies, processes, tools and behaviours
Define corporate governance
this definition is really long sorry :( - Answer- Corporate governance
The means by which an organisation is directed and controlled. At the level of a legal
entity, corporate governance is focused on maintaining a sound system of internal
control by which the directors and officers of the organisation ensure that effective
management systems are in place to protect assets, earning capacity and the
reputation of the organisation.
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