Which of the following are parts of SWOT Analysis?Each correct answer represents a complete solution. (Choose four.)
Answer(s): A,C,D,E
SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data from Fortune 500 companies.Incorrect Answers:B: Tools are not the parts of SWOT analysis.
What is the FIRST phase of IS monitoring and maintenance process?
Answer(s): C
You are the project manager for the NHH project. You are working with your project team to examine the project from four different defined perspectives to increase the breadth of identified risks by including internally generated risks. What risk identification approach are you using in this example?
This is an example of SWOT analysis. SWOT analysis examines the strengths, weaknesses, opportunities, and threats within the project and generated from within the organization.SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. It is a part of business policy that helps an individual or a company to make decisions. It includes the strategies to build the strength of a company and use the opportunities to make the company successful. It also includes the strategies to overcome the weaknesses of and threats to the company.Incorrect Answers:A: Root cause analysis examines causal factors for events within the project.B: Influence diagramming techniques examines the relationships between things and events within the project. D: Assumptions analysis does not use four pre-defined perspectives for review.
You are working in an enterprise. Assuming that your enterprise periodically compares finished goods inventory levels to the perpetual inventories in its ERP system. What kind of information is being provided by the lack of any significant differences between perpetual levels and actual levels?
Answer(s): B
The lack of any significant differences between perpetual levels and actual levels provides indirect information that its billing controls are operating. It does not provide any direct information.Incorrect Answers:A: It does not provide direct information as there is no information about the propriety of cutoff. C, D: These are not the types of information.
In which of the following risk management capability maturity levels does the enterprise takes major business decisions considering the probability of loss and the probability of reward? Each correct answer represents a complete solution. Choose two.
Answer(s): C,D
Enterprise having risk management capability maturity level 4 and 5 takes business decisions considering the probability of loss and the probability of reward, i.e., considering all the aspects of risk.Incorrect Answers:A: Enterprise having risk management capability maturity level 0 takes business decisions without considering risk credential information.B: At this low level of risk management capability the enterprise takes decisions considering specific risk issues within functional and business silos (e.g., security, business continuity, operations).
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