Peter Kumar Has Developed a Software Application That Will Reduce

question 12

Multiple Choice

Peter Kumar has developed a software application that will reduce costs and increase server speed for corporations of all sizes. Even with this useful application,Peter still needs to develop personal selling skills in order to:

• A)understand and write a business plan for his company
• B)explain his application to potential buyers
• C)apply for a patent on his application
• D)maintain the discipline and stamina required to develop such a complicated piece of software
• E)ensure that only corporate users buy his application

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Definitions:

Economic Feasibility

Assessment of the financial aspects of a project or system to evaluate whether the projected benefits outweigh the costs, ensuring it is economically viable.

Financial Risk

The possibility of losing money on an investment or business venture.

Project Completion

The final stage in a project where all tasks have been finished and the project objectives have been met.

SDLC

The Software Development Life Cycle is a methodology used for organizing, developing, testing, and launching an information system.