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Decision alternatives are structured so that only one of them can be chosen is a "true" statement.

What is termed as Alternative Analysis?

An alternative analysis is an evaluation of the various paths that can be taken to achieve a project's or a specific project management goal. It looks further than the established order to compare various methods of accomplishing tasks.

Some key features regarding the Alternative Analysis are-

  • Such factors could be operational, like cost, risk, & effectiveness, in addition to potential operational shortfalls.
  • Alternative analysis tools include life-cycle costing, sensitivity, cash flow analysis, and cost-benefit analysis.
  • When reviewing existing portfolios, programs, and projects or starting a new project, analysis of alternatives, also known as AOA, is a component of the decision-making process.
  • This decision-making process assists you in identifying cost-effective actions and avoiding redundant effort.

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