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  3. CBAP Exam
  4. IIBA.CBAP.v2024-01-19.q463 Dumps
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Question 53

You are the business analyst for your organization and management has asked that you identify opportunities to improve the operations of the business. You notice that some of the stakeholders use several pieces of software and several duplicate activities within each software package to generate data reports for customers. What type of recommendation can you make in regard to this observation?

Correct Answer: D
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Question 54

You are the business analyst for your organization and are coaching Roberta on how business analysis works.
Roberta is confused about what a business analysis methodology is during the business analysis planning and monitoring phase of the business analysis duties.
What is a methodology?

Correct Answer: A
Explanation
A methodology is a set of principles, rules, and processes that guide the business analysis activities and deliverables within a project or organization. A methodology can be based on a standard, such as the BABOK Guide, or a specific framework, such as Waterfall or Agile. A methodology helps the business analyst to plan, execute, monitor, and control the business analysis work in a consistent and effective way. References:
BABOK Guide, Chapter 2: Business Analysis Planning and Monitoring, Section 2.1: Plan Business Analysis Approach, p. 24-25 Business Analysis Methodology | What is this and is it real?
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Question 55

Henry is the business analyst for his organization. Management has created a pre-determined budget of $450,000 for his solution. Henry has identified the project requirements but now wants to prioritize them based on timeboxing and budgeting. Henry examines the cost of the requirements and begins removing the requirements from the allowed list in order to meet the $450,000 budget. What timeboxing or budgeting approach is Henry using?

Correct Answer: C
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Question 56

A business analyst is helping management determine which solution they should choose. As it happens that the organization can only choose one of the two solutions due to time and resource restrictions. Solution A worths $456,000 to the organization while solution B worths $565,000 to the organization. While solution A costs less, it is less risky and takes less time to complete so management elects to seize Solution A.
What is the opportunity cost?

Correct Answer: C
Explanation
The opportunity cost is the value of the best alternative forgone when choosing one option over another. In this case, the opportunity cost of choosing solution A is the value of solution B minus the value of solution A, which is $565,000 - $456,000 = $109,000. This means that by choosing solution A, the organization is giving up the potential benefit of $109,000 that could have been gained from solution B. References: CBAP Certification Study Guide v3.0, page 33; BABOK Guide v3, page 16.
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Question 57

The business analyst (BA) has been tasked with assessing and recommending the best solution that fits an organization's need for a new third-party sales tool.
What technique would be used for identifying suitable options?

Correct Answer: A
Explanation/Reference:
Reference IIBA BABOKv3 (140)
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