A company is launching an initiative to expand its product lines across several regions. The sponsor asks you to verify that this new effort is headed in the right direction. Which step is most effective for accomplishing the initial assessment?
Begin selecting suppliers before clarifying areas that may pose concerns.
None of these
Focus on cost reductions by restructuring resources to achieve gains.
Create a review of the new initiative’s scope, potential challenges, and expected outcomes in a document for leadership oversight.
Ensuring the new effort’s scope, constraints, and major risks align with the broader business direction is crucial for building a solid foundation. Formalizing these elements and confirming them with leadership fosters consistency. Approaches that focus on cost cutting or vendor selection too early skip crucial alignment steps that establish whether the new initiative is viable in the long run.
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Why is it important to formalize the scope, challenges, and outcomes of an initiative early on?
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What are the risks of focusing on cost reductions or vendor selection too early?
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How does leadership oversight contribute to the success of a new initiative?
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PgMP
Strategic Program Alignment
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