You are working with several business analysts to determine the solution approach for an identified problem. All of the following techniques are acceptable for identifying the solution approach except for which one?
Correct Answer: D
Risk analysis is a technique that identifies and assesses the uncertainties and potential negative impacts that may affect the project or the solution. It is not a technique for identifying the solution approach, which is the method or process for solving the identified problem and delivering the desired outcomes12. The other techniques, such as benchmarking, brainstorming, and decision analysis, are acceptable for identifying the solution approach, as they can help to generate, compare, and evaluate different alternatives and criteria for the solution3. Reference: 1: BABOK Guide, Version 3.0, p. 33 2: Business Analysis Expert Certification, CCBA| IIBA 3: Business Analysis Techniques - ECBA, CCBA, CBAP Endorsed
Question 217
One of the techniques to assess capabilities in an organization is to use SWOT. What does SWOT accomplish?
Correct Answer: B
Explanation The best answer to what SWOT accomplishes is that it identifies how current capabilities (strengths and weaknesses) match up against the influencing factors (opportunities and threats). Answer C is incorrect. While this answer does provide the key of what SWOT stands for, it's not the best answer for what SWOT accomplishes. Answer A is incorrect. This answer does use the legend of SWOT, but it does not define the purpose of SWOT. Answer D is incorrect. This isn't a valid statement about SWOT.
Question 218
A new Chief Executive Officer (CEO) is appointed to revive a chain of well-recognized superstores. The CEO wants to increase sales by introducing on-line shopping. Most stores are understaffed and maintenance is a challenge. Which of the following would be considered an asset?
Correct Answer: B
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit1. Assets are reported on a company's balance sheet and are classified as current, fixed, financial, or intangible1. Among the four options given, only brand reputation can be considered an intangible asset, as it is not a physical or financial item, but rather a result of customer perception, recognition, and loyalty2. Brand reputation can generate cash flow, reduce expenses, or improve sales for a company by attracting and retaining customers, enhancing pricing power, and creating competitive advantage2. The other three options are not assets, but rather expenses or liabilities. Store maintenance expenses are costs incurred to keep the physical assets in good condition and working order3. Interest mounting on bank loan is the amount of money that a company owes to its lenders for borrowing funds4. Online shopping website is not an asset by itself, but rather a platform that may require investment and maintenance to operate and generate revenue. Therefore, the correct answer is brand reputation. Reference: 1(https://www.investopedia.com/terms/a/asset.asp), 2(https://www.investopedia.com/terms/b/business-asset.asp), 3(https://en.wikipedia.org/wiki/Asset), 4(https://www.iiba.org/business-analysis-certifications/ccba/)
Question 219
Which of the following defines all of the required work to satisfy the requirements of the project?
Correct Answer: D
Question 220
Before requirements can actually be approved to be managed, what must be true about the requirements?
Correct Answer: A
Explanation/Reference: For requirements to be approved, they must support the solution scope. The solution scope defines what's in and out of the range of requirements for business analysis activities. B is incorrect. A technical review doesn't approve requirements; the solution scope defines what's approved based on what's in alignment with the scope. C is incorrect. The requirements management plan doesn't affect the requirements that are or are not approved. D is incorrect. While this statement may be somewhat true, it doesn't define how requirements are approved before their governance.
