Biw 30503 chapter 4

Which of the following best describes an opportunity in a SWOT analysis?

• A potential security vulnerability in the project's code.

• A strength of the project team, such as their technical expertise.

• An external factor that could positively impact the project, like a growing market demand for the project's services.

• An internal weakness of the project, such as a lack of skilled developers.

What is the most appropriate strategic action based on a SWOT analysis for a project with identified strengths and opportunities?

• Maintain the status quo and focus on current project activities.

• Develop a risk mitigation plan to address potential project weaknesses.

• Invest in scaling the project to capitalize on its strengths and opportunities.

• Discontinue the project to avoid potential threats.

Which of the following represents a potential threat?

• A highly skilled and experienced project team

• A growing demand for the project's services in the market

• Rapid technological advancements that may make the project's technology obsolete

• Positive customer feedback and strong user engagement

Which of the following would be categorized as an internal strength?

• A competitor's aggressive marketing campaign

• A strategic partnership with a technology vendor

• A dedicated and highly skilled project team

• A shift in customer preferences

In the business case for opening a new coffee shop, what is the main "Problem or Opportunity" that is being addressed?

• Increasing competition in the coffee industry

• The startup costs for the new coffee shop

• Potential risks to the new coffee shop's success

• Growing demand for high-quality coffee shops in the area

In the context of a business model for a coffee shop, which of the following is an example of a "Value Proposition"?

• Key resources such as coffee machines and coffee beans

• Coffee sales and food sales

• Rent and utilities expenses

• Offer customers a high-quality coffee experience in a comfortable and inviting atmosphere

In the project brief for a new website development project, which of the following is part of the project scope?

• The project budget of $100,000

• Project goals to generate more leads

• The project timeline of six months

• Inclusion of a mobile-friendly design

In the business case for the same project, what is the primary "Project Benefit" identified?

• The project budget of $100,000

• A reduction in customer support costs by $50,000 per year

• Completing the project within six months

• Expanding the product pages on the website

In the project clarification process, what is the primary purpose of reviewing the client's strategic objectives?

• To determine the project budget and timeline

• To identify the company's internal corporate objectives

• To understand the client's goals and desired outcomes for the project

• To assess market opportunities for the project

When setting out the nature of the market opportunity, what key information should be included in the overview?

• The project's budget and resource allocation

• A description of the project's technical requirements

• The client's strategic objectives and corporate goals

• Details about the market's potential, size, and target audience