30 Questions
What is one of the challenges owners and builders face when delivering capital projects?
Cost management
Why is using a Risk and Opportunity Register important in project management?
To manage risks transparently
What does a Risk and Opportunity Register help project teams do?
Identify opportunities to enhance a project
Why should risks and opportunities be identified and assessed early in a project?
To apply intellectual capital to mitigate or avoid risks
What does effective use of a Risk and Opportunity Register help project teams avoid?
Additional value for all parties involved
How does a Risk and Opportunity Register contribute to cost management in capital projects?
By allowing the application of intellectual capital to mitigate risks
What is the main focus of the Lean Start up methodology?
Iterating and improving based on real-world feedback
What is one of the key aspects to validate when following the Lean Start up approach?
Ensuring the problem your product solves is real and significant
What is the primary goal of an Idea Challenge?
To generate ideas around a pre-defined theme in a limited period
What is one of the parameters that can be chosen when organizing an Idea Challenge?
Choosing specific responsibilities for participants
Who created the SCAMPER technique used for problem-solving and creative thinking?
Bob Eberle
What does the SCAMPER technique aim to help with?
Promoting creativity and new ideas
What method can you use to identify your competitors' strengths, weaknesses, opportunities, and threats?
Utilizing the SWOT rule
Which method involves asking participants to record problems, frustrations, and positive experiences throughout a specified period?
Recording experiences through diary studies
How can you determine your total market potential?
Using industry reports for your industry
What is suggested as a cost-effective longitudinal method to study user experiences?
Conducting diary studies
Why is it essential to consider looking at competition both narrowly and broadly?
To find root cause problems instead of just symptoms
Which tool is recommended to evaluate the broader market?
Google Trends
What does it mean to validate the problem in the market?
Speak to potential customers about the problem
Why should you avoid market forecasts during the validation process?
Many forecasts are based on assumptions
What type of data should be favored over assumptions in the validation process?
Complex data
What is at the heart of the validation process?
Solving problems important to the market
Why is speaking to potential customers crucial during the validation process?
To understand their problem and its importance
What does validating the problem mean in the context of market validation?
Checking if the problem is real by speaking to customers
What is a common mistake businesses make during customer validation?
Believing they know their target market without validating
What is an essential piece of information to take away when speaking to customers during validation?
Their problem and its importance to them
Why should validating the product be one of the last steps in the process?
To establish the need for the product first
What can happen if a business stops customer validation once they receive positive feedback?
Miss critical insights for improvement
Why are businesses afraid of changing their products according to the text?
Because they believe their products are perfect
Why should businesses not rely too heavily on friends and family for product feedback?
Friends and family might not understand the product
Explore the challenges faced by owners and builders in delivering capital projects, particularly focusing on cost management. Learn how setting ambitious goals and using creativity can lead to successful outcomes. Discover key strategies for managing ideas in complex projects with multiple partners.
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