After a Team of Software Development Engineers Completed the Requirements

question 11

Multiple Choice

After a team of software development engineers completed the requirements phase for a major new system, members learned the client no longer needed several of the features initially requested. Which of the following project management models would help avoid this kind of communication challenge?

• A) Waterfall approach
• B) Concurrent approach
• C) Economic approach
• D) Silo approach
• E) None of the above

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Definitions:

Opportunity Cost

The evasion of possible gains from diverse options by firmly deciding on one.

Alternative Foregone

The next best choice available to someone who has made a decision, also known as the opportunity cost.

Opportunity Costs

The financial downside to eschewing the next top alternative in the spectrum of choices.

Marginal Costs

Marginal costs refer to the additional cost incurred from producing one more unit of a good or service.