Analytic tool to find the strengths and weaknesses of alternatives to determine the best option in terms of benefits provided

Cost Management Risk Management

Saf Sied Saf Sied Va, United States

You are using an analytic tool to find the strengths and weaknesses of alternatives to determine the best option in terms of benefits provided. What tool is this?

(a) SWOT analysis
(b) Prototype
(c) Benchmarking
(d) Cost benefit analysis

Posted: Feb 2, 2020 4:57 PM

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Takeshi Miyaoka Principal| Simplex Inc. Tokyo, Japan

Thanks for providing the discussion.

I prefer SWOT analysis, but I usually use multiple analysis methods for comparison.
This is because the best analysis method may change depending on what is being compared.

Posted: Feb 2, 2020 5:14 PM

Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada

This looks like a sample PMP exam question so should get moved into the Certification Central group.

Posted: Feb 2, 2020 7:17 PM

SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India

SWOT analysis is a good option. A SWOT analysis is a high-level strategic planning model that helps organisations identify where they’re doing well and where they can improve, both from an internal and external perspective. It is an acronym for “Strengths, Weaknesses, Opportunities, and Threats.

Posted: Feb 2, 2020 10:50 PM

Luis Branco CEO| Business Insight, Consultores de Gestão, Ldª Carcavelos, Lisboa, Portugal

Dear Saf
Interesting your question
Thanks for sharing

I have a very similar opinion to that of Kiron: "This looks like a sample PMP exam question so should get moved into the Certification Central group."

...

1 reply by Saf Sied

Feb 03, 2020 11:34 AM

Saf Sied

...

Luis,

How do I move a post from group to another. Is there any tag I can use to do this.

Posted: Feb 3, 2020 4:36 AM

Saf Sied Saf Sied Va, United States

Feb 03, 2020 4:36 AM

Replying to Luis Branco

...

Luis,

How do I move a post from group to another. Is there any tag I can use to do this.

Posted: Feb 3, 2020 11:34 AM

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Analytic tool to find the strengths and weaknesses of alternatives to determine the best option in terms of benefits provided

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