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Question : Case Study: XYZ Software Solutions

XYZ Software Solutions is a startup that provides innovative software solutions. The company is planning to launch a new product and wants to ensure a successful launch.

Question:

The step XYZ Software Solutions should take to identify potential risks and uncertainties in the new product launch is:

Option 1: Evaluating alternatives
    

Option 2: Setting objectives and goals
  

Option 3: Identifying potential risks

   

Option 4: Allocating resources


Team Careers360 21st Jan, 2024
Answer (1)
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Team Careers360 24th Jan, 2024

Correct Answer: Identifying potential risks

   


Solution : The correct answer is (c) Identifying potential risks

Identifying potential risks is a crucial step in the risk management process for any project, including a new product launch. This involves systematically analyzing the project to recognize any factors or events that may pose a threat to its success. By identifying potential risks early in the planning phase, XYZ Software Solutions can take proactive measures to mitigate or manage these risks effectively. Identifying potential risks involves a systematic assessment of the project to uncover any factors that could impact its success negatively.

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