Cima E3 Exam Question No 31

Question No 31:

Definition of Gap analysis?

Gap analysis is a long range and quantifiable planning technique

• Where the organisation is now
• Where the organisation will be
• Where the organisation wants to be

Cima E3 Exam Question No 30

Question No 30:

Business process re-engineering (BPR) The stages in a BPR exercise?

1. Identify processes to be re-engineered
2. Understand, break down and analyse the process
3. Identify 'change levers'
4. Rationalise or eliminate process
5. Redesign process to operate in the most cost effective and efficient way
6. Reassemble, implement and manage change
7. Monitor and review

Cima E3 Exam Question No 29:

Question No 29:

Defination of Business process re-engineering (BPR)?

Hammer & Champy (1993) defined the process of reengineering as the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service and speed.

Cima E3 Exam Question No 28

Question No 28:

Bench marking Process?

The process

• Selecting what you want to benchmark
• Consider benefits against the cost of doing it
• Assign responsibilities to a team
• Identify potential partners/known leaders
• Breakdown processes to complete
• Test and measure e.g. observation, experimentation or investigation/interview
• Gather information
• Gap analysis
• Implement changes/programmer/communicate
• Monitor and control
• Repeat regularly   

Cima E3 Exam Question No 27

Question No 27:

 How many Types of benchmarking?

• Internal
• Best practice or functional
• Competitive
• Strategic

Cima E3 Exam Question No 26

Question No 26:

What is Bench marking Definition?

A continuous, systematic process for evaluating the products, services and work processes of an organization that are recognized as representing best practice, for the purpose of organizational improvement.

Cima E3 Exam Question No 25

Question No 25:

What is Position audit?

A position audit is a systematic assessment of the current strengths and weaknesses
of an organization and is a prerequisite for strategic planning and implementation.

• Resources
• Products, brands and markets
• Operating systems
• Internal organization
• Current Results
• Returns to equity and debt holders