Which of the Following Analysis Strategies Incurs the Highest Risk

question 60

Multiple Choice

Which of the following analysis strategies incurs the highest risk yet has the potential to provide high value to the business?

• A) Business Process Automation
• B) Business Process Improvement
• C) Business Process Reengineering
• D) Business Process Renovation
• E) Root cause analysis

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Definitions:

Heuristics

Heuristics are mental shortcuts or rules of thumb that simplify decision making, often at the cost of accuracy or completeness.

Algorithms

Step-by-step procedures or formulas for solving problems or performing tasks.

Mnemonic Devices

Techniques used to help remember information, often through associations, patterns, or acronyms, facilitating easier retrieval from memory.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks.