BRMP - PRACTICE STATEMENTS (Y/N) With Correct answers LATEST

BRMP - PRACTICE STATEMENTS (Y/N) With Correct answers LATEST (IN) - Great work relationships satisfy purpose to help organizations operate indefinitely. . - ANSWER Y - Page 9 Organizations need Purpose , (IN) - Value is defined by revenue and profit. . - ANSWER N - (Value is defined by so much more than just revenue, expenses, and profit. It can also come from a person having a sense of pride in a job well done, or from feeling their work has meaning.) Pg. 9 Idea of Value is Evolving , (IN) - Strong relationships are necessary to help organization to be agile. . - ANSWER Y - Page 9 Global Digitalization Requires Agility , (IN) - Alignment is not sufficient for building great relationships. . - ANSWER Y - Page 10 Organizations are moving from alignment to Convergence , (IN) - The relationship centered organization includes the environment, knowledge and mindsets. . - ANSWER Y - Page 12 Top of page , (IN) - The theory of relationshipism explains the power of relationships in organization. . - ANSWER Y - Page 12 Theory of Relationshipism , (IN) - The BRM Capability centers on the belief that positive relationships drive value in organizations. . - ANSWER N - (BRM PHILOSOPHY) Pg. 13 BRM Philosophy , (IN) - The Triple Bottom Line is focused on Purpose, Passion and planet . - ANSWER N - (PURPOSE, PEOPLE, PLANET) Pg. 14 Triple Bottom Line , (IN) - The Triple Bottom Line adds a new dimension to the calculation of value. . - ANSWER Y - P15 Purpose , (IN) - Relationships are everywhere in your organization. . - ANSWER Y - P16 Summary , (IN) - The definition of the BRM capability is to shape and influence the concepts of the BRM role . - ANSWER N - (IS EVERYTHING IT TAKES, VISABLE AND INVISABLE, TO NURTURE RELATIONSHIPS IN AN ORGANIZATION) Pg. 16 BRM Capability definition , (IN) - The BRM Capability has four sub capabilities: evolve culture, build partnerships, drive value and satisfy purpose. . - ANSWER Y - Pg. 17 , (IN) - The Business Relationship Management Discipline is an effective application of knowledge, competencies and behaviors. . - ANSWER N - (KNOWLEDGE, COMPETENCIES, MINDSET) Pg. 17 BRM Discipline , (IN) - The BRM Role is a set of competencies required to advance the BRM capability . - ANSWER Y - P18 BRM Role , (CA) - A BRM Capability is everything it takes, visible and invisible to nurture relationships in an organization. . - ANSWER Y - P19 BRM Capability , (CA) - The Innovation Factor is the discovery of value in existing value to further improve the organization. . - ANSWER N - (NEW SOURCES OF VALUE) P21 Innovation Factor , (CA) - The human factor is how an organization treats people and recognizes the human needs of people. . - ANSWER Y - P21 Human Factor , (CA) - The now-to-new approach to change is a mechanical process. . - ANSWER N - (Change in an organization is constant because value discovery and realization are constant. Relationship- centered organizations take advantage of the quality and quantity of great work relationships and enable quick and profound change) P23 Now-to-new , (CA) - The BRM role is working with CEO and board of directors to drive value. . - ANSWER Y - P24 BRM capability and its role , (CA) - The BRM Impact Report details the templates a BRM can use in the role. . - ANSWER N - (DETAILS RESULTS AND ARTICULATED THE VALUE) P25 BRM Impact Report , (CA) - A Strategic Relationship Plan is a record of accomplishments and helps to communicate non-confidential objectives. . - ANSWER Y - P25 Strategic Relationship Plan. , (CA) - A Strategic Relationship Plan is a synonym for a BRM Impact Report. . - ANSWER N - (contains the vision, current status, and historical record of any relationship) P25 , (CA) - Now-to-new is only focused on large change initiatives. . - ANSWER N - P26 Summary , (EC) - The four key elements of Evolve Culture are Purposeful Narrative, Expected Behaviors, Influential Relationships and Personal Growth. . - ANSWER N - (PURPOSE NARRATIVE, DESIRED BEHAVIOR, INFLUENTIAL RELATIONSIPS, PERSONAL GROWTH) P27 Image ,