Assessment 1 guidelines ICTICT612

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Berkeley College *

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BUS-2281

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Management

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Apr 3, 2024

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docx

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7

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Assessment 1 Guidelines- ICTICT612 Assessment Task 1 - Knowledge Test Provide your response to each question in the box below. Q1: Answer the following questions regarding industry-standard analysis and planning approaches to technical problems and management requirements: 1.1. Explain the below industry-standard analysis approaches to technical problems and management requirements: SWOT Analysis MOST Analysis PESTLE Analysis System Analysis Write your answer in 300-350 words. 1.2. Define organisational values. What is the importance of organisational values? Give the example of fifteen (15) common values that an organisation should strive to achieve. Write your answer in 250-300 words. 1.3. What is the purpose in the context of formulating contracts? Write your answer in 300-350 words. Industry-standard analysis and planning approaches to technical problems and management requirements Example answer: 1.1. SWOT Analysis S.W.O.T. stands for Strength, Weakness, Opportunities, and Threats. This is the most important technique used in business analysis. (You need to write more using your own words) MOST Analysis M.O.S.T. stands for Mission, Objective, Strategy, and Tactics. The MOST analysis is also a powerful technique to do business analysis. MOST analysis always works from the top. (You need to write more using your own words)
PESTLE Analysis also referred to as the PEST analysis and has been used in various business applications. PESTLE stands for Political, Economical, Social, Technological, Legal and Environmental. (You need to write more using your own words) System Analysis System analysis is a systematic problem-solving method for collecting and interpreting facts, looking system’s weaknesses, identify business problems, or decomposition of the system into smaller parts. (You need to write more using your own words) 1.2. Organisational values defined: Think of your organisational values as your company’s DNA and what separates you from the competition in your space. Your values reflect your business beliefs, principles, and decisions that define who your company is. (You need to write more using your own words) Importance of organisational Values: They guide how everyone communications internally and externally These values guide decisions by the business leaders and executives (You need to write more points of importance here) Fifteen (15) examples of organisational values that organisations should strive to achieve: 1. Integrity 2. Accountable 3. Commitment to Customers (You need to write more examples using your own words) 1.3. Purpose in context of formulating contracts is: To Keep Proof of Details To Avoid Misunderstanding To Provide Security
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