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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?

A.
Payback period
A.
Payback period
Answers
B.
Average rate of return
B.
Average rate of return
Answers
C.
Cost-benefit analysis
C.
Cost-benefit analysis
Answers
D.
Discounted cash flow
D.
Discounted cash flow
Answers
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.

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?

A.
Requirements management plan
A.
Requirements management plan
Answers
B.
Resource identification
B.
Resource identification
Answers
C.
Stakeholder Concerns
C.
Stakeholder Concerns
Answers
D.
Solution scope
D.
Solution scope
Answers
Suggested answer: C

Explanation:

Following are the outputs of the elicitation process:

Stakeholder Concerns Elicitation Results Schedule Resources Supporting Materials

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?

A.
Requirements envisioning
A.
Requirements envisioning
Answers
B.
Project scope
B.
Project scope
Answers
C.
Product scope
C.
Product scope
Answers
D.
Requirements foundation
D.
Requirements foundation
Answers
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.

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?

A.
Organizational process asset
A.
Organizational process asset
Answers
B.
WBS
B.
WBS
Answers
C.
Project management plan
C.
Project management plan
Answers
D.
Pareto chart
D.
Pareto chart
Answers
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.

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?

A.
Assessment information of the stakeholders' major requirements, expectations, and potential influence
A.
Assessment information of the stakeholders' major requirements, expectations, and potential influence
Answers
B.
Stakeholder management strategy
B.
Stakeholder management strategy
Answers
C.
Stakeholder classification of their role in the project
C.
Stakeholder classification of their role in the project
Answers
D.
Identification information for each stakeholder
D.
Identification information for each stakeholder
Answers
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.

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?

A.
Class model
A.
Class model
Answers
B.
Project network diagram
B.
Project network diagram
Answers
C.
Data flow diagram
C.
Data flow diagram
Answers
D.
WBS
D.
WBS
Answers
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.

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?

A.
To determine the value of the proposed solution to the stakeholder requirements
A.
To determine the value of the proposed solution to the stakeholder requirements
Answers
B.
To determine the quality of the proposed solution to the stakeholder requirements
B.
To determine the quality of the proposed solution to the stakeholder requirements
Answers
C.
To determine the cost of the proposed solution to the stakeholder requirements
C.
To determine the cost of the proposed solution to the stakeholder requirements
Answers
D.
To determine the accuracy of the proposed solution to the stakeholder requirements
D.
To determine the accuracy of the proposed solution to the stakeholder requirements
Answers
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.

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?

A.
Description
A.
Description
Answers
B.
Aliases
B.
Aliases
Answers
C.
Name
C.
Name
Answers
D.
Code of account identifier
D.
Code of account identifier
Answers
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.

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?

A.
Face-to-face meetings
A.
Face-to-face meetings
Answers
B.
Communication needs
B.
Communication needs
Answers
C.
Risks
C.
Risks
Answers
D.
Costs
D.
Costs
Answers
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.

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

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

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