Alternative analysis is not a tool technique that is used during the the close project phase.
What is Alternative analysis?
The evaluation of the numerous paths you can take to accomplish the goal of a project or a specific project management objective is an alternative analysis. It compares various approaches to accomplishing tasks by looking beyond the existing quo. The operational aspects of these criteria, such as cost, risk, and efficacy, as well as any potential weaknesses of those operational aspects, can be included. Utilizing tools like life-cycle costing, sensitivity analysis, cash flow analysis, and cost-benefit analysis, you can do an alternative analysis. When examining current portfolios, programs, and projects or when starting a new project, analysis of alternatives, or AOA, is a step in the decision-making process. You may uncover cost-effective actions and prevent needless effort duplication with this decision-making procedure. Utilizing AOA will lessen.
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