SANS MGT514 Test Questions And
Well Elaborated Solutions Graded A
Strategic planning (1:8) - answers deep analysis and understanding of the state of
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business and the threats faced by the organization
Value to the organization (1:8) - answers develop your objectives based on the
organization's vision and mission, stake holder risk appetite and opportunities
Driving engagement (1:8) - answers execute on the plan by navigating the internal
values and culture, developing a business case to get support and funding, and
promoting your activities
Organizational Transformation (1:8) - answers as a leader you must strive to lead,
motivate, and inspire your team members and colleagues to accomplish their goals of
the overall strategic planning process
Security planning - Need (1:11) - answers requires an understanding of not only
security threats and capabilities but also a deep understanding of the business
environment & organizational goals.
Verizon Data Breach Investigations Report (1:14) - answers Shows the percentages of
breaches per threat action, i.e. Hacking, malware, social engineering
Understanding the business (1:29) - answers 1. Understand where you've been
2.Understand business Strategy
3.Understand macro factors that affect business 4.understand and develop relationships
with key stakeholders
Business Model (1:41) - answers 1. describes how you operate 2. generate revenue
and make profit 3. deliver value at a reasonable cost
Vertical Business Model (1:45) - answers combines multiple steps in a value chain into
one organization e.g. development -> distro
Horizontal Business model (1:45) - answers focus on one area of the value chain e.g.
Product development
PFF -Porter's Five Forces (1:47) - answers Developed by Micheal E Porter in 1979
who was an authority on competitive strategy and economic development. Method used
to develop business strategy by understanding where power lies in a business situation
PFF - Power of Customers (1:47) - answers Impact Customers have on your business.
Force Driven by the # of customers you have, their importance to your business, and
cost of switching them from you to another company
PFF - Substitute Products (1:48) - answers The ability for your customer to find
substitute products or an easier way to do what you do
PFF - Power Of Suppliers (1:48) - answers how easy is it for suppliers to influence and
drive up your prices. Uniqueness of their products, their strength/control of you
PFF - Threats of new entrants (1:48) - answers how easy is it for people to join the
market and can they become a threat and compete with your company
PFF - Competitive Rivalry (1:48) - answers Look at the competition and their
capabilities. If no one can do what you do, e.g. products/services, you will have
tremendous strength
Strategic objectives (1:56) - answers -Based on understanding the business model,
strategy and competitive forces
-Very high level and often vague
Strategy Maps (1:56) - answers - Links high-level strategic objectives to specific
projects, initiatives
-Shows how to turn strategy into tangible outcomes
-highlights gaps in strategy implementation
-helps communicate strategy to entire organization
PEST Analysis (1:65) - answers Management tool to identify external forces that
impact a particular market, industry, or country.
PEST Analysis - Why (1:66) - answers Helps you understand macro trends of external
environment in which your company operates, and it provides an understanding of risks
associated with market growth or decline and your company's position and potential
direction
PEST - P - Political (1:65,69,71) - answers Government regulations and legal factors
that affect the business environment and trade market, and they will likely trickle down
impact on your company
PEST - E - Economic (1:65,74) - answers The overall health of the economy and how
these factors influence companies, organizations, and their decisions.
PEST - S - Social (1:65,78) - answers Looks at cultural aspects of the market and how
they affect the demand for a company's products and/or services; customer needs and
determine what incents them to make purchases
PEST - T - Technological (1:65,81) - answers How technology can either positively or
negatively impact a business and the products and/or services they provide. i.e.
technology advancements, life cycle of technologies, technology innovation
SMS - stakeholder management strategy(1:91) - answers Technology deployment
could impact not only security, but also the enterprise. All stakeholders and impact need
to be identified and managed
SMS - Stakeholder(1:95) - answers People or groups with a vested interest in the
success of your strategy and who will affect of be affected by your team's work.
SMS - Phase 1(1:98,99) - answers Identifying stakeholders - hold a meeting with your
team of managers and staff to brainstorm who key stakeholders might be
SIPOC - Stakeholder ID Tool - answers SIPOC (Suppliers, Inputs, Processes,
Outputs, & Customers)
SIPOC - Suppliers (1:102,112) - answers Those people/groups who provide inputs
SIPOC - Inputs (1:102,111) - answers key requirements needed for the process to
work. Should represent information/materials the suppliers provide to you.
SIPOC - Processes (1:102,106) - answers defined series of activities;
SIPOC - Outputs (1:102,108) - answers tangible results of the process steps.
SIPOC - Customers (1:102,110) - answers recipients/users of the outputs produced at
every step in the process.
SMS - Phase 2 (1:114) - answers Understanding Stakeholder motivation
SMS - Phase 2 - Step 1 (1:114) - answers Understand stakeholders - meeting with
them will help you better understand what motivates them, what they want/need from
you, what interests they have in your work.
SMS - Phase 2 - Step 2 (1:114) - answers Mapping Power and Interest - three levels
of power veto, vote, voice; Three levels of interest - High, medium, low
SMS - Phase 2 - Step 3 (1:114) - answers Prioritize Stakeholders - High
power/interested people, high power/less interested people, Low power/interested
people, Low power/less interested people
SMS - Phase 3 (1:120) - answers Manage relationships is critical to the success of
every project in every organization, so developing a relationship plan can help you
manage your relationships [Show Less]