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Question 17 - CBDA discussion

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The analytics team has established two equally strong potential recommendations which will deliver the desired outcomes with similar benefits to be derived from each one. On the surface there is no discernable difference in costs or schedule for either option. To help the analytics team reach a recommendation the business analysis professional recommends the team:

A.
Complete market research
Answers
A.
Complete market research
B.
Assess risks for each option
Answers
B.
Assess risks for each option
C.
Vote to choose the recommendation
Answers
C.
Vote to choose the recommendation
D.
Seek management guidance
Answers
D.
Seek management guidance
Suggested answer: B

Explanation:

Assessing risks for each option is the recommendation that the business analysis professional should make to the analytics team, because it is a technique that involves identifying, analyzing, and evaluating the potential positive or negative impacts of each option on the project, the organization, or the stakeholders. Assessing risks can help the team compare the pros and cons of each option, and determine which one has the highest expected value or the lowest expected loss. Assessing risks can also help the team prepare contingency plans or mitigation strategies for the chosen option, and communicate the rationale and assumptions behind their recommendation.

Reference:

* Business Analysis Certification in Data Analytics, CBDA | IIBA, CBDA Competencies, Domain 5: Use Results to Influence Business Decision Making

* Understanding the Guide to Business Data Analytics, page 9

* CERTIFICATION IN BUSINESS DATA ANALYTICS HANDBOOK - IIBA, page 8, CBDA Exam Sample Questions and Self-Assessment, Question 12

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asked 18/09/2024
Przemysław Doczkal
39 questions
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