ACCA Strategic Business Leader (SBL) Practice Exam

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Which of the following is NOT a typical aspect documented in a project initiation document?

Project team responsibilities
Market competitiveness
Project justification and objectives
Expenditure budget

The correct answer is: Market competitiveness

The aspect that is not typically documented in a project initiation document is market competitiveness. A project initiation document (PID) primarily focuses on establishing the framework for the project, which includes defining the project’s justification (the reason the project is being undertaken), its objectives (what the project aims to achieve), the roles and responsibilities of the project team, and the financial aspects such as the expenditure budget needed to complete the project. Market competitiveness, while important for the overall business strategy and context, usually falls under market analysis or strategic planning rather than the specifics of project initiation. The PID concerns itself with the operational execution of the project rather than assessing the competitive positioning of the organization or product in the market.