ENTREPRENEURIAL OPPORTUNITIES
FEASIBILITY ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For projects that have a product as a deliverable, as opposed to a service or result, product analysis can be an effective tool.
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Is used to analyze the information needed to develop the project scope statement. Such judgement and expertise is applied to any technical details.
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Identifying alternatives is a technique used to generate different approaches to execute and perform the work of the project.
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None of the above
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Detailed explanation-1: -Product scope is defined as the functions and features that characterize a product or a service. Project scope is the work that must be done in order to deliver a product according to the product’s scope (required functions and features)
Detailed explanation-2: -Project scope is a way to set boundaries on your project and define exactly what goals, deadlines, and project deliverables you’ll be working towards. By clarifying your project scope, you can ensure you hit your project goals and objectives without delay or overwork.
Detailed explanation-3: -The product scope is the end result of the project, and the project scope is how you are going to achieve it. The project is defined according to the product scope. These are fundamental terms, and you must understand them. To complete the project, you must achieve these two scopes successfully.