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IFMA CFM Exam - Topic 3 Question 23 Discussion

Part of your goals is to develop a succession plan for key positions within your operation, including yourself. What is most helpful in reaching this goal?
C) Conduct a skills gap analysis of current staff and incorporate the results into training goals.
A) Conduct staff interviews to see who wants to be promoted.
B) Conduct a review of staff goals and objectives.

IFMA CFM Exam - Topic 3 Question 23 Discussion

Actual exam question for IFMA's CFM exam
Question #: 23
Topic #: 3
[All CFM Questions]

Part of your goals is to develop a succession plan for key positions within your operation, including yourself. What is most helpful in reaching this goal?

Show Suggested Answer Hide Answer
Suggested Answer: C

A skills gap analysis (Option C) is the most effective method for developing a succession plan because it identifies competencies needed for leadership roles and helps design training programs.

Why Option C is Correct?

A skills gap analysis evaluates the current capabilities of employees and highlights areas for development.

This process helps align training programs with the competencies required for leadership positions.

IFMA's Human Factors & Leadership Core Competency emphasizes proactive succession planning to ensure leadership continuity.

Why Other Options Are Incorrect?

Option A (Interviews about promotion interest): Interest alone does not determine readiness or capability for leadership roles.

Option B (Reviewing staff goals and objectives): While useful, this does not provide the full picture of skills deficiencies and training needs.


IFMA Core Competency: Human Factors & Leadership -- Succession planning through structured skill development.

Source: IFMA Workforce Development & Succession Planning Guide (IFMA, 2023).

by Lindsey at May 14, 2026, 10:30 AM

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Isidra
2 hours ago
I think a skills gap analysis is super important!
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Gary
5 days ago
I feel like incorporating training goals based on a skills gap analysis is essential, but I can't recall if it was the most effective method we studied.
upvoted 0 times
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Olga
10 days ago
Reviewing staff goals seems like a good approach, similar to a practice question we had about aligning team objectives with company vision.
upvoted 0 times
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Yen
16 days ago
I think conducting staff interviews could be useful, but I wonder if it really captures the best candidates for promotion.
upvoted 0 times
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Marylin
2 months ago
I remember discussing the importance of skills gap analysis in class, but I'm not entirely sure how it directly ties into succession planning.
upvoted 0 times
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