Certification in Supplier Diversity Practice Exam

Which of the following is NOT one of the steps in budgeting for a diverse supplier program?

1. Review overall goals

2. Estimate staffing needs

3. Define needed resources

4. Present and obtain appropriation

The correct answer is: Estimate staffing needs

Estimating staffing needs is not typically considered a direct step in budgeting for a diverse supplier program. The budgeting process primarily focuses on financial planning and resource allocation rather than the human resources aspect. When creating a budget for a supplier diversity program, organizations usually concentrate on assessing their overall goals, identifying the resources required to meet those goals, and ensuring that the necessary funds are appropriated for the program. Reviewing overall goals helps align the budget with the strategic objectives of the organization. Defining needed resources allows organizations to determine what financial and material inputs are essential for implementing the program effectively. Presenting and obtaining appropriation is critical to securing the necessary funds and ensuring that the program has the financial backing needed for success. By distinguishing these key steps, it becomes clear that staffing needs, while important to overall program management, do not directly influence the budgeting process itself.