Factors Affecting Business

Front

What is a benefit of using a feasibility study?

Back

It allows a cross-section of the business to consider and agree on the project

Answer explanation

A feasibility study facilitates collaboration among various business stakeholders, ensuring that different perspectives are considered and that there is agreement on the project's viability.

Front

Why might a project be delayed according to a feasibility study?

Back

To ensure sufficient resources are available

Answer explanation

A feasibility study may delay a project to ensure sufficient resources are available, which is crucial for successful completion. This choice prioritizes project viability over immediate progress.

Front

What is a potential risk of not conducting a feasibility study?

Back

Unidentified real-time issues

Answer explanation

Not conducting a feasibility study can lead to unidentified real-time issues, as potential problems may go unnoticed, jeopardizing the project's success and efficiency.

Front

What is one reason a feasibility study might be expensive?

Back

It depends on the industry concerned

Answer explanation

A feasibility study can be expensive because it depends on the industry concerned. Different industries have varying complexities, regulations, and resource requirements, which can significantly impact the cost.

Front

What is one of the benefits of digital technology in business collaboration?

Back

Enhanced communication

Answer explanation

One of the key benefits of digital technology in business collaboration is enhanced communication. It allows team members to connect easily, share information quickly, and collaborate effectively, leading to better teamwork and productivity.

Front

What is a common feature of a feasibility study?

Back

It is a documented analysis

Answer explanation

A common feature of a feasibility study is that it is a documented analysis. This means it provides a structured evaluation of the project's viability, unlike verbal assessments, which lack formal documentation.

Front

What is a key risk in digital projects?

Back

Failing to plan carefully

Answer explanation

Failing to plan carefully is a key risk in digital projects as it can lead to scope creep, missed deadlines, and budget overruns. Proper planning is essential to align project goals with resources and timelines.

Front

Why is it important to estimate timescales accurately in a project?

Back

To ensure project success

Answer explanation

Accurate timescale estimation is crucial for ensuring project success, as it helps in planning resources, managing expectations, and meeting deadlines effectively.

Front

In the Finish-to-Finish (FtF) methodology, when can a successor task be completed?

Back

Only after the predecessor task has completed

Answer explanation

In the Finish-to-Finish (FtF) methodology, a successor task can only be completed after the predecessor task has finished. This ensures that the tasks are properly aligned in their completion sequence.

Front

What is the role of stress testing in the Start-to-Start (StS) methodology?

Back

To ensure the system can handle large volumes of data

Answer explanation

Stress testing in the Start-to-Start (StS) methodology is crucial to ensure the system can handle large volumes of data, validating its performance and reliability under high load conditions.