Aternative Analysis
Alternatives analysis is a way to decide between different ways to reach project goals and objectives. It is used in project management. The process involves coming up with and evaluating different ways to do things to find the best and most efficient way to do the project.
Usually, the following steps make up the process of analysing alternatives:
Find the problem or goal: Make a clear statement of the problem or goal that the project needs to solve.
Make a list of possible solutions: Think about the problem or goal and make a list of possible ways to solve it or reach the goal.
Evaluate the options. Evaluate each option based on things like cost, schedule, feasibility, risk, and how it will affect the stakeholders.
Choose the best option. Based on the evaluation, choose the option that is most likely to work, most effective, and most efficient for the project.
Implement and keep an eye on the chosen alternative. Once the alternative has been chosen, the plan needs to be put into action and kept an eye on to make sure it works.
The alternatives analysis process is often used when there are several possible ways to solve a problem or when there is a lot of uncertainty or risk surrounding the project. By weighing the pros and cons of each option, project managers can make smart choices and choose the one that is most likely to work.
Overall, alternatives analysis is an important tool for project managers to use to make sure that the project is in line with organisational goals and that the project approach is the best one for success.
Usage
It is decision making and problem solving