What are the 4 key phases of business development?

Correct Answer: Kano analysis is a systems analysis tool used to identify its impact on customer?s satisfaction based on 3 key areas: unexpected delighters, performance attributes and must have attributes

Correct Answer: Pareto analysis is otherwise known as the 80/20 rule It stipulates that 80%of problems will arise from 20% of causes ? that few factors can create big problems

Correct Answer: FMEA is Failure Mode and Effects Analysis It is an analysis used to determine failure modes and how severe they are in a system or process

Correct Answer: INVEST stands for Independent, Negotiable, Value, Estimable, Sized Appropriately and Testable It is a tool designed to assist technical teams and deliver quality products

Correct Answer: The business analyst must understand IT and also has to understand the stakeholder?s needs A systems analyst has the ability to look at a program or utility and see the code They can go in and pinpoint where changes need to be made

Correct Answer: Change management is the biggest challenge in each and every industry After requirements stage when development is started client will come-up with some new changes or enhancements Cross departmental or cross team management ? like conflict management between teams Also individuals This requires soft skills and smartness Communication problems ? In real time this can happen You might be good in speaking and understanding the English language BUT sometimes it happens like Different people across the globe speak different style of English In USA itself Mexico people speak English differently Romans speak different English So at initial level to understand the accent can be a challenge but after some time you will become perfect

Correct Answer: The software is expressly built to allow companies to mimic their unique business practices

Explanation:

Enterprise systems (ES) are large-scale application software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

 

Here option A) The software is expressly built to allow companies to mimic their unique business practices is not TRUE about enterprise systems.

Correct Answer: 6

Explanation:

The process of System development life cycle goes through a series of stages in step wise fashion that almost every developing company follows.

Known as the 'software development life cycle,' these six steps include:

 

1. Planning

2. Analysis

3. Design

4. Development & implementation

5.Testing & deployment and

6. Maintenance.

 

Correct Answer: All of the above

Explanation:

Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

 

Examples of Business networks are ::

1. Casual contact networks

2. Strong contact networks

3. Community service clubs

4. Professional associations

5. Online/social media networks.

Correct Answer: a growing recession

Explanation:

A low trough is indicative of "a growing recession" since a trough indicates a general change in the business cycle, which can have varying degrees of importance. A recession could be an important decline in economic activity that goes on for quite many months.