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The Project Management Body of Knowledge (PMBOK) and PRojects IN Controlled

question 13

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The Project Management Body of Knowledge (PMBOK) and PRojects IN Controlled Environments (PRINCE2) are two popular and widely used project management methodologies.


Definitions:

Innovative Products

Goods that introduce new features, functionalities, or efficiencies, offering novel solutions to consumers or improving upon existing products.

Existing Products

Goods or services that a company has been offering to the market, as opposed to newly developed offerings.

Business Analysis

The practice of identifying business needs and finding solutions to business problems, often involving the evaluation of business structure, processes, and operations.

Prototype Testing

The process of evaluating the design, functionality, and performance of a preliminary version of a product before it goes into mass production.

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