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NIGP CPP Module A Exam Questions and Answers Graded A+

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NIGP CPP Module A Exam Questions and Answers Graded A+

Institution
California Real Estate Principles
Course
California real estate principles

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NIGP CPP Module A Exam Questions
and Answers Graded A+

A strategic plan is a course of action to achieve long-range goals, generally up to

five years. Strategic plans reflect the company's direction and its purpose as stated

in its mission statement. To develop strategic plans, top management must develop

and use summary reports on finances, operations, and the external environment. -

Correct answer-Strategic Plan

A tactical plan is a course of action to achieve short-term goals, generally within a

year or less. Tactical plans are concerned with what the units beneath top

management must do, how they must do it, and who has the responsibility. These

plans have shorter time frames and narrower scopes than strategic plans. - Correct

answer-Tactical Plan

Obtain the Entity and Departmental (if available) Mission, Goals, and Objectives.




Establish and train a Strategic Procurement Planning Team.




©COPYRIGHT 2025, ALL RIGHTS RESERVED 1

,Review Strengths, Weaknesses, Opportunities, and Threats (SWOT) of the

procurement function.




Update the Procurement Department's mission, goals, and objectives, if necessary,

based on the above SWOT review.




Review the projected budget for the entity to determine likely procurements for the

coming year. - Correct answer-Steps to take to create a Procurement Strategic Plan

Is the objective logically related to an identified goal?




Does each objective describe an output or outcome in terms of identified targets,

and are they time based?




Is each objective realistic and attainable?




©COPYRIGHT 2025, ALL RIGHTS RESERVED 2

,Is the objective related to a specific foreseeable result or outcome instead of some

internal process or output? - Correct answer-The creation of Strategic Procurement

Objectives should include:

SMART is an acronym that spells out the requirements for establishing effective

goals and objectives. Creating objectives that meet these criteria will enable the

entity to move forward more efficiently, with clear direction and within stated

timelines.

Specific: Objectives that are detailed and clear so that they are easy to understand.




Measurable: Quantifiable objectives that include definite numbers and well-

defined action plans.




Attainable: Realistic (another word used may be "Achievable").




Relevant: The objective matters and it matches our overall goals.




©COPYRIGHT 2025, ALL RIGHTS RESERVED 3

, Time Bound: Set a specific time frame to accomplish your objectives. - Correct

answer-SMART

Obtain input from key stakeholders (those to whom performance will be reported).




Ensure that measures are simple and relevant to the intended audience (e.g., public,

stakeholders, elected officials).




Ensure that measures are specific, consistently applied, and within the control of

the procurement function.




Identify any dependencies among other stakeholders, functions, or departments

that will be related to the measures.




Define a specific time period for reporting measures that is directly related to the

attainment of goals and objectives in the strategic plan (e.g., 6 months, 1 year).




©COPYRIGHT 2025, ALL RIGHTS RESERVED 4

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Institution
California real estate principles
Course
California real estate principles

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