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What Is an Options Analysis?

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

In the first step of an option analysis (identification), which of the following describes the nature of the options being placed on the table?

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1. When performing a feasibility study, it is generally true that _____ tends to decrease cost, increase value, and increase ROI.

2. At a minimum, the options identified in step one of an options analysis must include each of these option types EXCEPT:

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About This Quiz & Worksheet

Determine what you know about options analysis in project management with this worksheet/quiz. You'll be quizzed on key points like the nature of the options that are being considered and a general assumption for the second step in an options analysis.

Quiz & Worksheet Goals

Consider these bullet points before taking the quiz:

  • Identifiable options in an options analysis
  • Step to perform when cost forecasting and personnel requirements are considered
  • True statement about cost, price and value

Skills Practiced

  • Making connections - use your understanding of cost, value, price and project management
  • Knowledge application - use your knowledge to answer questions about options analysis and the nature of the options being placed on the table
  • Information recall - access the knowledge you've gained regarding the second step in options analysis

Additional Learning

More information on options is available with the lesson entitled What Is an Options Analysis? These key topics will be highlighted:

  • Definition of options analysis
  • Options analysis examples
  • Values evaluated in project management
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