IIBA CBAP Exam Practice Questions (P. 1)

GPT-4o - Answer

"Total Cost of Ownership" (TCO) isn't just about initial acquisition costs; it also covers the ongoing expenses related to using and maintaining the solution throughout its life. This includes after the solution's been implemented, capturing the complete financial picture associated with investing in technology. When we talk about TCO, we're factoring in all the visible and hidden costs that crop up post-implementation as well. This concept is key to grasp for comprehensive financial planning and decision-making in business analysis.

GPT-4o - Answer

Solution approach indeed falls under the tasks categorized in enterprise analysis as per the BABOK version 2.0. This transition to strategy analysis in version 3 still lands solution approach in a relating category, affirming its connection to what was formerly known as enterprise analysis outputs. When referring to enterprise analysis outputs, aligning the terminologies with current and previous versions of BABOK provides clarity on how tasks have evolved yet their core outputs, such as solution approach, remain relevant across versions.

GPT-4o - Answer

The correct choice, according to BABOK v3, is the project team isn't primarily involved in the prioritization of requirements. Typically, stakeholders such as the project manager, domain and implementation SMEs, and the sponsor, who directly influence project outcomes are actively involved. The prioritization process in BABOK v3, listed on page 90, emphasizes specific roles that carry weight in decision-making due to their direct impact and accountability in ensuring that the most critical requirements are pursued in alignment with business goals. Hence, the project team's broader participation doesn't generally extend to this strategic level of decision-making.

GPT-4o - Answer

Models are crucial for effective communication in business analysis as they represent and simplify reality, making complex requirements more comprehensible. They are designed primarily to aid in analysis, communication, and understanding among stakeholders. This function directly contributes to the more efficient and clear conveyance of project needs and frameworks.

GPT-4o - Answer

The Business Analysis Communication Plan is crucial as it outlines the types and frequency of communication needed by business analysts, along with identifying the recipients and the formality required for these communications. This ensures all stakeholders are informed and engaged appropriately throughout the project, aligning with the task requirements under the Business Analysis Information Management approach.

GPT-4o - Answer

In scenarios with limited requirements, using a coverage matrix is indeed a practical choice. This straightforward matrix format effectively manages the traceability of requirements by providing a simpler view, which is ideal for projects where detailed traceability is not paramount. Remember that the main goal here is to maintain a clear line of sight on requirements without overcomplicating the process, which is crucial, especially in smaller project environments.

GPT-4o - Answer

Utilizing a scoring system is preferable when faced with various potential solutions and the need to select the most suitable one for your organization. This method assigns appropriate weights to different criteria, reflecting their significance to the organization's specific needs. Each solution is scored based on how well it meets these weighted criteria, which not only streamlines the comparative analysis but also ensures a quantifiable and objective approach in determining the top solutions. This structured technique facilitates a more thorough evaluation and aids in making informed, unbiased decisions.

GPT-4o - Answer

In a change-driven approach, priority is given to keeping stakeholders continuously updated through more frequent communication. This method helps in adapting to changes swiftly and efficiently, as feedback and adaptions occur in real-time, ensuring that all team members remain on the same page. Frequent updates are vital in environments where change is rapid and constant, aligning with the dynamic nature of the project processes.

GPT-4o - Answer

Management is essentially asking for a centralized location where all stages of project requirements can be easily accessed and managed. By setting up a repository, you ensure that there's a systematic way to store, organize, and retrieve project requirements, whether they're still pending, under review, or have been fully approved. This approach not only boosts efficiency but also streamlines the process of keeping track of modifications and current status, facilitating better communication and project management.

GPT-4o - Answer

Correct, option A stands out as an assumption because it is a statement considered to be true for the purpose of planning, but lacks confirmation. Tim's belief that the hardware should arrive by a certain date is not guaranteed, making it an assumption. The other options outline specific conditions or constraints that the solution must meet, categorizing them as requirements rather than assumptions. Always differentiate between what is assumed and what is mandated in project planning to avoid potential pitfalls.