PMI-PBA Exam Dumps | How can a SWOT analysis help when deciding between several possible options to address a business problem?

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Question 50/95

How can a SWOT analysis help when deciding between several possible options to address a business problem?

A. It can help the product owner to determine opportunity cost of not choosing an option.

B. It can help the stakeholders to determine how to avoid the threats of each option.

C. It can help the project sponsor to determine the valuation of each option.

D. It can help the stakeholders identify the strengths and weaknesses of each option.

Correct Answer: D

A SWOT analysis is a technique that helps to assess the internal and external factors that may affect the success of a solution or an option. A SWOT analysis involves identifying the strengths, weaknesses, opportunities, and threats of each option, and comparing them with the business problem and the desired outcomes. A SWOT analysis can help the stakeholders to evaluate the feasibility, viability, and desirability of each option, and to select the best one based on the strategic alignment and the business value. References:
PMI Professional in Business Analysis (PMI-PBA)Examination Content Outline1, page 10; Business Analysis for Practitioners: A Practice Guide2, page 41.

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