IIBA Updated CBAP Exam Questions and Answers by arnold

 A Pareto diagram is a type of chart that displays the frequency of problems or causes in a process in descending order by bars, and the cumulative percentage of the total number of problems or causes by a line. The Pareto diagram helps to identify the most significant defects or issues that need to be prioritized for improvement. It is based on the Pareto principle, which states that 80% of the problems are caused by 20% of the causes. A Pareto diagram is one of the seven basic quality tools that are widely used in quality management and process improvement. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, page 47

What Are the 7 Basic Quality Tools? | Lucidchart Blog, under 7 quality tools

What is a Pareto Chart? Analysis & Diagram | ASQ

A work breakdown structure (WBS) is a visual decomposition of the program scope and the resources needed in order to create the things defined within the program scope. A WBS is a hierarchical representation of the deliverables, activities, and tasks that are required to complete the program. A WBS defines the scope, schedule, cost, and quality of the program, and helps to allocate the resources and assign the responsibilities for the program. A WBS also helps to identify the dependencies, risks, and issues of the program, and to monitor and control the program performance12. A resource breakdown structure (RBS) is a visual decomposition of the resources that are needed to complete the program. An RBS is a hierarchical representation of the human and non-human resources that are required to perform the activities and tasks of the program. An RBS defines the types, categories, and quantities of the resources, and helps to estimate, acquire, and manage the resources for the program. An RBS also helps to identify the availability, utilization, and allocation of the resources, and to optimize the resource efficiency and effectiveness13. A product breakdown structure (PBS) is a visual decomposition of the products that are delivered by the program. A PBS is a hierarchical representation of the components and features that make up the products of the program. A PBS defines the scope, quality, and functionality of the products, and helps to design, develop, and test the products for the program. A PBS also helps to identify the requirements, specifications, and standards of the products, and to verify and validate the products14. A budgeted cost of work scheduled (BCWS) is a measure of the planned value of the program. A BCWS is the sum of the budgets for all the work packages and activities that are scheduled to be completed by a given date. A BCWS defines the expected cost of the program, and helps to compare the actual cost and the earned value of the program. A BCWS also helps to identify the cost variance and the cost performance index of the program, and to forecast the cost at completion and the estimate at completion1 . References:

CBAP® Handbook

Work Breakdown Structure - iiba.org

Resource Breakdown Structure - iiba.org

Product Breakdown Structure - iiba.org

[Budgeted Cost of Work Scheduled - iiba.org]

The BA should base requirements on the priority set by stakeholders to maximize the value of the solution. This is because the stakeholder priority reflects the relative importance, urgency, and benefit of each requirement for the business and the solution. The BA should allocate the highest priority requirements to the earliest releases, and the lower priority requirements to the later releases, to ensure that the solution delivers the most value to the stakeholders as soon as possible. The other options are not the best criteria for allocating requirements, because they do not directly measure the value of the requirements. Available resources, timing of the release, and components in scope are factors that may influence the feasibility and scope of the solution, but they do not determine the value of the solution. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 3: Requirements Life Cycle Management, page 122

Business Analysis Body of Knowledge (BABOK) Guide, Version 3, Chapter 3: Requirements Life Cycle Management, section 3.5: Prioritize Requirements, page 62

Business Analysis Professional Resources, IIBA Resource Collection, Business Analysis Body of Knowledge (BABOK) Guide

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Skillsoft Book, Chapter 3: Requirements Life Cycle Management, page 122

Risk communication is the technique that involves coordinating and collaborating with other credible sources in risk. Risk communication is the process of exchanging information and opinions about the nature, magnitude, significance, and control of the risks among the stakeholders. Risk communication helps to create a common understanding of the risks, to build trust and confidence among the stakeholders, to inform and educate the stakeholders about the risk management activities and outcomes, and to solicit feedback and input from the stakeholders. Risk communication is an essential part of risk management, which also includes risk identification, risk analysis, and risk response. References: [IIBA BABOK Guide v3], section 11.2.4, page 389; CBAP / CCBA Certified Business Analysis Study Guide, chapter 5, page 233; Free CBAP CBAP® Exam Questions - IIBA CBAP Exam - Study4Exam, question 246.