Which of These Is a Potential Disadvantage of a Real

question 1

Multiple Choice

Which of these is a potential disadvantage of a real options approach?

• A) Requires a project team to stick with a rigid plan that allows no deviation when new information becomes available
• B) Involves only go-no-go options rather than potential for re-routing plans
• C) Applies only to financial projects
• D) Project teams can find it difficult to abandon or shift the direction of a project once they have invested their time and energy.
• E) Does not allow for the opportunity to begin with a pilot project.

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Definitions:

Strategic Needs

These are the critical requirements a business must meet to achieve its long-term goals and objectives.

Predictive Analytics

The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.

Prescriptive Analytics

A type of data analytics that seeks to provide advice or recommendations on actions to achieve specific outcomes or objectives.

Analytic Domain

The area or field where data analysis is applied, focusing on extracting meaningful insights from various data sources to support decision-making.