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Question 41

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A business analyst is studying the cost of the endeavor in relation to the projected income the endeavor will bring once the project is completed. What financial valuation technique can the business analyst use to determine the breakeven point for the project?

Payback period
Payback period
Average rate of return
Average rate of return
Cost-benefit analysis
Cost-benefit analysis
Discounted cash flow
Discounted cash flow
Suggested answer: A

Explanation:

Payback period quantifies the duration that the project will need to exist and generate revenue in order to pay back the original investment of the project. The payback period is also known as management horizon or the breakeven point.

Answer B is incorrect. Average rate of return describes the rate of return the project will create. Answer C is incorrect. Cost-benefits analysis describes the relation of costs to benefits in a project. Answer D is incorrect. Discounted cash flow describes the future value on the investment of the project.

asked 18/09/2024
David Fernando del Villar
44 questions

Question 42

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When a business analyst completes the elicitation process, she will create four outputs. Which one of the following is an output of the elicitation process?

Requirements management plan
Requirements management plan
Resource identification
Resource identification
Stakeholder Concerns
Stakeholder Concerns
Solution scope
Solution scope
Suggested answer: C

Explanation:

Following are the outputs of the elicitation process:

Stakeholder Concerns Elicitation Results Schedule Resources Supporting Materials

asked 18/09/2024
Jonno Sweeney
44 questions

Question 43

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When using a change-driven approach, the business analyst may create an initial list of high-level requirements for the initiative. This high-level requirements list is also known as what term?

Requirements envisioning
Requirements envisioning
Project scope
Project scope
Product scope
Product scope
Requirements foundation
Requirements foundation
Suggested answer: A

Explanation:

The initial high-level listing of requirements in a change-driven approach is also known as requirements envisioning.

Answer B is incorrect. Project scope defines all of the required work to satisfy the requirements of the project. Answer C is incorrect. Product scope defines all of the features and functions of the thing, solution, or service the project or organization will create.

Answer D is incorrect. Requirements foundation is not a valid term for business analysis.

asked 18/09/2024
Yrae Franca de Pinho Gomes
50 questions

Question 44

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As a business analyst, you may be called upon to define the scope of work and to develop the estimates for the endeavor. Which one of the following is an important tool for this activity?

Organizational process asset
Organizational process asset
WBS
WBS
Project management plan
Project management plan
Pareto chart
Pareto chart
Suggested answer: B

Explanation:

The work breakdown structure (WBS) is a tool used to define the scope of work and to develop estimates. This tool creates a hierarchy of work by decomposing the project scope into smaller and smaller pieces. WBS can perform the following tasks:

It may break the project into iterations, releases, or phases. It can break deliverables into work packages.

It may break activities into smaller tasks.

Answer C is incorrect. The project management plan could be helpful, in some instances, but for this Question the best answer is WBS.

Answer D is incorrect. A Pareto chart is a special type of bar chart where the values being plotted are arranged in descending order. The graph is accompanied by a line graph, which shows the cumulative totals of each category, left to right. The chart is named after Vilfredo Pareto, and its use in quality assurance was popularized by Joseph M. Juran and Kaoru Ishikawa.

Answer A is incorrect. Organizational process assets are elements of historical information, guidelines, processes, and standard procedures within an organization. They mandate certain deliverables and the lessons learned from business analysis activities can be used in the development of business analysis plans.

asked 18/09/2024
Aaron Whitlow
32 questions

Question 45

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You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All of the following information should be included in the stakeholder register except for which one?

Assessment information of the stakeholders' major requirements, expectations, and potential influence
Assessment information of the stakeholders' major requirements, expectations, and potential influence
Stakeholder management strategy
Stakeholder management strategy
Stakeholder classification of their role in the project
Stakeholder classification of their role in the project
Identification information for each stakeholder
Identification information for each stakeholder
Suggested answer: B

Explanation:

The stakeholder management strategy is generally not included in the stakeholder registry because it may contain sensitive information that should not be shared with project team members or certain other individuals that could see the stakeholder register. The stakeholder register is a project management document that contains a list of the stakeholders associated with the project. It assesses how they are involved in the project and identifies what role they play in the organization.

The information in this document can be very perceptive and is meant for limited exchange only. It also contains relevant information about the stakeholders, such as their requirements, expectations, and influence on the project.

Answer D is incorrect. Stakeholder identification should be included in the stakeholder register. Answer A is incorrect. Assessment information should be included in the stakeholder register. Answer C is incorrect. Stakeholder classification should be included in the stakeholder register.

asked 18/09/2024
Tsige Tessema
31 questions

Question 46

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According to 'A Guide to the Business Analysis Body of Knowledge', the two most common data models are the entity-relationship diagram and what other model?

Class model
Class model
Project network diagram
Project network diagram
Data flow diagram
Data flow diagram
WBS
WBS
Suggested answer: A

Explanation:

The class model is most often used with object-oriented development, while the entity-relationship diagram is preferred for relational databases.

Answer D is incorrect. WBS isn't a data model, but a decomposition of the project scope.

Answer B is incorrect. The project network diagram is an illustrated flow of project activities.

Answer C is incorrect. A data flow diagram shows how data moves into, through, and out of a system.

asked 18/09/2024
Jorge Diaz
35 questions

Question 47

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You are the business analyst for your organization and you're performing the solution assessment process. When you assess a solution, what are you actually looking for?

To determine the value of the proposed solution to the stakeholder requirements
To determine the value of the proposed solution to the stakeholder requirements
To determine the quality of the proposed solution to the stakeholder requirements
To determine the quality of the proposed solution to the stakeholder requirements
To determine the cost of the proposed solution to the stakeholder requirements
To determine the cost of the proposed solution to the stakeholder requirements
To determine the accuracy of the proposed solution to the stakeholder requirements
To determine the accuracy of the proposed solution to the stakeholder requirements
Suggested answer: D

Explanation:

The purpose of assessing proposed solutions is to determine how closely they meet stakeholder and solution requirements. The business analyst, while assessing a single solution, determines whether the solution delivers enough business value to justify its implementation. However, the business analyst has the additional goal of attempting to determine which solution delivers the greatest business value while assessing multiple alternative solutions.

Answer A is incorrect. Solution assessment isn't concerned with the value of the solution.

Answer B is incorrect. Solution assessment isn't concerned with the quality, but with the accuracy of the solution in light of the stakeholders' requirements.

Answer C is incorrect. Solution assessment isn't concerned with the costs, but with the accuracy of the solution in light of the stakeholders' requirements.

asked 18/09/2024
Francisco Sanchez Valdes
44 questions

Question 48

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Beth is the business analyst for her organization and she's creating a data dictionary for her organization. All of the following information should be included in the data dictionary for an endeavor Beth is leading except for which one?

Description
Description
Aliases
Aliases
Name
Name
Code of account identifier
Code of account identifier
Suggested answer:

Explanation:

Code of account identifier is not a valid selection. The code of accounts is a numbering system used in WBS to identify each element and work packages. The correct elements to include in the data dictionary are names, aliases, values and meanings, and description.

Answer C is incorrect. This is a valid element to include in the data dictionary. Answer: B is

Explanation:

incorrect. This is a valid element to include in the data dictionary. Answer: A is

Explanation:

incorrect. This is a valid element to include in the data dictionary.

asked 18/09/2024
Sarah Pachowsky
33 questions

Question 49

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You are a business analyst for your organization. Your current business analysis endeavor includes working with stakeholders who are located in offices around the world. Because these stakeholders are dispersed, what are likely to increase in this endeavor as opposed to a collocated group of stakeholders?

Face-to-face meetings
Face-to-face meetings
Communication needs
Communication needs
Risks
Risks
Costs
Costs
Suggested answer: B

Explanation:

Of all these possible choices, the best answer is that communication needs will increase. Because complex projects often involve non-collocated stakeholders, it may be necessary to travel more often, have more teleconferences or video conferences, or take other measures to provide accurate and consistent communications across offices, countries, and time zones.

Answer A is incorrect. Face-to-face meetings are often the best type of communication, but this isn't the best choice presented.

Answer C is incorrect. Risks do not necessarily increase because the stakeholders are not collocated. Answer D is incorrect. Costs do not necessarily increase in the business analysis approach because of dispersed stakeholders.

asked 18/09/2024
Arvin Lee
39 questions

Question 50

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What's the difference between a desired outcome and a solution? Choose the best answer.

The desired outcome is how the organization will operate in the future; the solution is the method to reach the desired outcome.
The desired outcome is how the organization will operate in the future; the solution is the method to reach the desired outcome.
They are synonymous.
They are synonymous.
The solution is the ideal fulfillment of the business goals; the desired outcome is the financial gain created by the implementation of the solution.
The solution is the ideal fulfillment of the business goals; the desired outcome is the financial gain created by the implementation of the solution.
The desired outcome is what the solution will remove.
The desired outcome is what the solution will remove.
Suggested answer:

Explanation:

Of all the choices, only this answer properly identifies the desired outcome as how the organization will operate once the solution has been implemented.

Answer B is incorrect. Business goals and desired outcomes are not the same. Answer: D is

Explanation:

incorrect. The solution doesn't remove the desired outcome.

Answer C is incorrect. The solution is not always a financial gain so this choice is not valid.

asked 18/09/2024
disserto management gmbh
44 questions
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