Brmpbrm - Study guides, Class notes & Summaries

BRMP Study Definitions Q&A Latest 2023 Solution Partner Cultural & Political Strategic Context - CORRECT ANS - 1. Values 2. Principles 3. Policies 4. Implications Provider Explicit & Tangible Strategic Context - CORRECT ANS - 1. Mission 2. Vision 3. Intents 4. Outcomes Provider Operating Model Context - CORRECT ANS - 1. Initiatives 2. Services 3. Governance 4. Processes 5. Organization 6. Metrics What Is a Business Relationship Manager? - CORRECT ANS - Stimulates, s...

BRMP Midterm Exam Q&A Latest Solution A+ RATED 1. When the outcomes can be generalized. This has been established to some extent if outcomes have been researched to allow arguments for generalization. 2. What's manipulated or the intervention (Intervention procedures that are manipulated and hypothesized to be related to outcomes) A. External validity B. Dependent Variable C. Sample D. Independent Variable E. Internal Validity F. Confounding Variable G. Repeatability - CORRECT A...

Business Relationship Manager – (BRM) Study Guide Q&A 2023 Solution A+ RATED Three BRM Metaphors - CORRECT ANS - Navigator, Connector, Orchestrator Navigator - CORRECT ANS - Facilitates convergence between provider and Business partners. Breaks down walls and embeds Provider capabilities within the Business Partners so as to increase agility and business value. Facilitate business strategic planning and road-mapping for the Business partner. Guide key provider roles on behalf of t...

BRMP Certification Exam Q&A 100% Correct Latest 2023 solution Business Relationship Manager - CORRECT ANS - A role that serves as the strategic interface between a Provider, and one or more Business Partners to stimulate, surface, and shape business demand for the Provider's products and services and ensure that the potential business value from those products and services is captured, realized, optimized and recognized. Three Perspectives of BRM - CORRECT ANS - - Role (duties and respon...

BRMP Practice Statement (Y/N) Exam Q&A 100% Correct Latest 2023 solution (IN) - Great work relationships satisfy purpose to help organizations operate indefinitely. <.> - CORRECT ANS - Y - Page 9 Organizations need Purpose <,> (IN) - Value is defined by revenue and profit. <.> - CORRECT ANS - 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 wor...

BRMP Study Exam Q&A Latest Solution A+ RATED Identify the missing words from the definition of Business Relationship Management. Business Relationship Management ____________ and ensures that the potential business value from them is captured, optimized and recognized. A. stimulates business demand for a Provider's products and services B. determines a Business Partner's complete portfolio of products and services C. defines an organization's products and services D. promotes a Pr...

BRMP Exam Q&A 100% Correct Latest 2023 solution House of BRM - 4 pillars (core disciplines) - CORRECT ANS - 1. Demand shaping 2. Exploring 3. Servicing 4. Value harvesting House of BRM - Roof - CORRECT ANS - Clarity of the BRM role in context of provider STRATEGY and OPERATING MODEL BRM Competencies (6) - CORRECT ANS - 1) Strategic Partnering 2) Business IQ 3) Portfolio Management 4) Provider Domain 5) Powerful Communication 6) Business Transition Management Typical BRM r...

BRMP Exam Study Guide Q&A Latest 2023 Solution What is Portfolio Management? - CORRECT ANS - Art & science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risks against performance. What is a Service? - CORRECT ANS - A means of delivering value to customers by facilitating outcomes customers want to achieve. Service value is a function of: - CORRECT ANS - Utility (fitness for pur...

BRM Quiz 2 Q&A Latest 2023 Solution A+ RATED The first step in conducting correlational research involves - CORRECT ANS - obtaining pairs of observations on a group of subjects The absolute value of r reflects the ______ of the correlation, while the sign of r reflects the _____ of the relationship - CORRECT ANS - magnitude; direction The value of r^2 represents - CORRECT ANS - the amount of variance in Y scores which can be accounted for by variance in X scores The relationship be...

BRM Quiz 1 Q&A Latest Solution A+ RATED Which of the following is a concept of Bridge Resource Management (BRM)? A. having a BRM computer aboard B. automated log keeping C. clear channels of communication and coordination D. never questioning a decision of the master - CORRECT ANS - C. clear channels of communication and coordination Watch condition #2 would be described as: A. Inside waters, restricted visibility, heavy traffic B. Open sea, good visibility, moderate traffic C. P...