Chapter 1 part 2

Question 1

Validating The project involves what two steps?

Answer 1

1- Preparing the business case.

2- Identifying and analyzing the project stakeholders.

Question 2

What must be known before a business case can be created.

Answer 2

The organization needs to have an understnading of the business need or demand for the project.

Question 3

7 reasons why projects come about?

Answer 3

1- Market demand.
2- Strategic Opportunity/Business Need
3- Customer Request.
4- Technological Advance
5- Legal Requirement
6- Environmental Considerations.
7- Social need.

Question 4

What are the five steps used to validate a business case?

Answer 4

1- Justification.
2- Alignment to the Strategic Plan. 
3- Alternative Solutions.
4- Recommended Solution.
5- Feasibility Study