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A company is considering developing a new, complex application that will require a large initial investment. However, if successful, the profit potential is high. When preparing an analysis, what should be used to encourage stakeholders who are concerned about project failure to authorize the initial investment?
Suggested Answer: C
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34 comments · newest first
LE
Leoma
11 months ago
Surprised they’re even considering such a big investment without solid data!
JE
Jeanice
11 months ago
I’d go with earned value. It gives a clear picture of project health.
DO
Donette
12 months ago
Not sure about that, though. What if the small features don't attract users?
MA
Marge
12 months ago
Totally agree, MMFs reduce risk and show progress.
SA
Salina
1 year ago
I think using MMFs is a smart move! Break it down.
RO
Rosio
1 year ago
I’m a bit confused about the story points option; I thought they were more for agile planning rather than convincing stakeholders about investment.
FR
Freeman
1 year ago
I feel like we practiced a question similar to this, and I think the planned percent complete could help in showing progress to stakeholders.
LA
Lawrence
1 year ago
I'm not entirely sure, but I think calculated earned value might be useful to show how much value we're getting for the investment over time.
BR
Brynn
1 year ago
I remember we discussed how using many small minimally marketable features can help reduce risk by allowing for incremental feedback.
HI
Hillary
1 year ago
I think story points could be a good approach here. It allows you to focus on the value of the features rather than just the cost, which is what the stakeholders are likely most concerned about. Plus, it's a more agile way of estimating that can adapt to changes.
FR
Francisca
1 year ago
Definitely go with earned value analysis on this one. It's a great way to track progress and show the stakeholders that the project is on track, even if there are some initial challenges. That'll help reassure them and get the investment approved.
JA
Janessa
1 year ago
Hmm, I'm a little unsure about this one. There are a few different options, and I'm not sure which one would be the most convincing for stakeholders who are worried about failure. Maybe the minimally marketable features approach could help show some early wins?
CA
Cassi
1 year ago
This one seems pretty straightforward. I think the key is to focus on demonstrating the potential value of the project, rather than just the cost. Earned value analysis could be a good way to do that.
SU
Suzi
2 years ago
All these options sound pretty technical. I'm just hoping the exam doesn't ask me to do any complex math. That would be a real nightmare!
CL
Cletus
2 years ago
C) Story points rather than cost estimates? That's an interesting idea, but I'm not sure it would be enough to sway stakeholders who are worried about the initial investment.
LA
Laquanda
1 year ago
D) Calculated earned value (EV)
EL
Elroy
1 year ago
C) Story points rather than cost estimates
LA
Lashandra
1 year ago
B) Many small minimally marketable features (MMFs)
MO
Mozell
1 year ago
A) Calculated planned percent complete (PPC)
MY
Myrtie
2 years ago
A) Calculated planned percent complete (PPC)? Sounds like something a project manager would use, but probably not the best way to get stakeholders on board.
BR
Brandee
1 year ago
D) Calculated earned value (EV)
LY
Lynelle
1 year ago
C) Story points rather than cost estimates
HI
Hillary
1 year ago
B) Many small minimally marketable features (MMFs)
NO
Norah
1 year ago
C) Story points rather than cost estimates
SA
Sanda
2 years ago
B) Many small minimally marketable features (MMFs)
MA
Marti
2 years ago
I'm not sure D) Calculated earned value (EV) is the right choice. That's more for tracking project performance, not convincing stakeholders to invest.
JA
Jade
2 years ago
B) Many small minimally marketable features (MMFs) seems like the best option here. It's a great way to demonstrate progress and reduce the risk of failure.
BE
Bernadine
1 year ago
D: Calculated earned value (EV) might be more convincing for stakeholders concerned about project failure.
VI
Virgilio
1 year ago
C: Story points rather than cost estimates could also be useful in gaining stakeholder buy-in.
VI
Viva
1 year ago
B: Agreed, it can help reduce the risk of failure and keep stakeholders engaged.
AN
Andree
2 years ago
A: I think using Many small minimally marketable features (MMFs) is a good idea to show progress.
DE
Detra
2 years ago
I'm not sure about using calculated earned value (EV). Maybe we should consider using story points rather than cost estimates to show the project's progress.
TI
Tijuana
2 years ago
I agree with Nicholle. Calculated earned value (EV) will help stakeholders see the financial benefits of the project.
NI
Nicholle
2 years ago
I think we should use calculated earned value (EV) to show stakeholders the potential return on investment.