During an iteration review session, some product features are at risk of being canceled due to high operational costs when the product is launched into a production environment.
What type of analysis should the project lead have conducted to avoid this situation?
To avoid the situation where product features are at risk of being canceled due to high operational costs, the project lead should have conducted a risk analysis. Risk analysis involves identifying potential risks that could impact the project or product, such as high operational costs, and assessing their likelihood and impact. By conducting a thorough risk analysis, the project lead can identify these potential issues early and develop mitigation strategies to address them, thereby avoiding unexpected problems when the product is launched into a production environment.
I believe the risk analysis would apply if the costs were affecting the project itself. This operational costs affects the product, not the project which is the exercise done to deliver a product based on the requested deliverables established based on the cost benefit analysis done which was an input to the Develop Project Charter process. If the cost benefit analysis done properly in the project benefits management plan, then the cancellation of features would not have been a possibility.
Benefit analysis to compare the high operational costs to the potential benefits.
It is a question about reprioritisation so it is required to do benefit analysis. High business value should be included, so the answer is A
B is more comprehensive answer. we are as PM need to be aware of every activity not only for CR things but the rest of the activities.
Benefits analysis
ChatGPT choose B and highlight is risk related.
The project lead should have conducted a B. Risk analysis. This type of analysis would have helped identify potential issues, such as high operational costs, that could pose a risk to the project. By identifying these risks early, the project team can develop strategies to mitigate them and avoid situations like the one described. However, it’s important to note that risk analysis should be an ongoing process throughout the project, as new risks can emerge at any time.
since the question is abt Agile method Option A is correct
benefit analysis. it is all about the business value (compared with the cost).
A , should do cost benefit analysis
To avoid the situation where product features are at risk of being canceled due to high operational costs, the project lead should have conducted a: B. Risk analysis A risk analysis would help identify potential risks and issues associated with the operational costs of the product in a production environment. This analysis would involve assessing the likelihood and impact of such risks and then developing risk mitigation strategies to address them. It allows the project team to proactively manage and mitigate risks related to operational costs before they become critical issues that could lead to feature cancellations.
B: Risk Analysis would have given a chance to mitigate or avoid risk entirely.
I've searched the internet. No such thing as Capacity Analysis. (There is capacity planning which is not related by definition) Gap Analysis talks about performance. There is a Cost-Benefits analysis but no Benefits Analysis only. Risk Analysis https://www.pmi.org/learning/library/risk-analysis-project-management-7070 In the article, there is a cost related analysis.
B. Risk analysis
Will go for C
change of ans, should be A. need to conduct benefit analysis to avoid such situation
I think B
why not B?