The Difference Between Limiting And Strategic Factors

Name: Kavitha Devadoss Due Date: 01 Nov 2016 Assignment #: 03 Q1 - Problem-3: Contrast limiting and strategic factors. Solution: Limiting Factors: Factors that stand in the way of attaining objectives. Failure to follow the limiting factor may lead to poor decisions. Every business or a process model would face lot of limiting factors. For e.g. In a software lifecycle model, starting from planning stage till testing phase, the developers or the process analyst would face issues such as Inadequate process or product knowledge, Unskilled technicians or lack of knowledge expertise, Insufficient time to complete the task assigned, Budget and Financial concerns or issues for the clients, Location constraints (Onshore and offshore model), system or infrastructure dependability or issues, Resource management. Strategic Factors: Factors that can be altered to make progress possible As the definition above states, any factor which can be altered for a successful completion of a task, work or process are strategic factors or enabling factors. Considering the same software lifecycle scenario, for a lack of knowledge about the process and product, training can be provided to individuals to improvise their knowledge on process, therefore a task would be able to get complete in a time assigned Q2 - Problem-6: How do mathematical models directed to decision situations differ from those traditionally used in the physical sciences. Solution: The system being studied usually involvesShow MoreRelatedThe Five Competitive Forces That Shape Strategy603 Words   |  3 Pagesproduct or service, is emerging or mature, high tech or low tech, regulated or unregulated. 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