IIBA Updated CBAP Exam Questions and Answers by zelda

 Cost-benefit analysis is a technique that compares two or more systems, states, services, products, or things to determine the best viable choice. It involves estimating and comparing the total costs and benefits of each alternative over a specified period of time. The costs and benefits can be expressed in monetary or non-monetary terms, depending on the nature and scope of the analysis. Cost-benefit analysis can help to identify the most efficient and effective solution that maximizes the net benefit or minimizes the net cost. Cost-benefit analysis can also help to evaluate the feasibility, desirability, and sustainability of a project or initiative. References:

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

Business Analysis Professional Resources | IIBA®, under Standards, Regulations, and Best Practices

Cost-Benefit Analysis Definition

A performance assessment is a business analysis artifact that evaluates the effectiveness and efficiency of the business analysis work. It can be used to identify and document the improvement areas for the next piece of analysis work, as well as to measure the value delivered by the business analysis outcomes. A performance assessment can include metrics, indicators, targets, and feedback mechanisms that help the BA to monitor and improve the business analysis performance12. References:

1: BABOK Guide v3, Chapter 2: Business Analysis Planning and Monitoring, Section 2.5: Plan Business Analysis Performance Improvements

2: Tasks Mapped To Artifacts(https://www.modernanalyst.com/Resources/Articles/tabid/115/ID/5769/Tasks-Mapped-To-Artifacts.aspx)

 Interface analysis is a technique that helps the business analyst identify and specify the interactions and information exchanges between different systems, components, or actors. Interface analysis can help define the communication flows between the Postal Code validation system and other systems, such as the GPS system, the mobile application platform, and the service provider database. Interface analysis can also help specify the interface requirements, such as the format, frequency, and protocol of the data exchange, and the interface design, such as the layout, navigation, and functionality of the user interface. References:

IIBA BABOK Guide, Section 10.20, Interface Analysis

Interface Analysis, Business Analyst Learnings

Interface Analysis: A Key Technique for Business Analysts, BA Times

 A change control process is a technique that helps to manage the changes to the requirements or the solution throughout the project lifecycle. A change control process defines the roles and responsibilities, the criteria and procedures, the tools and techniques, and the documentation and communication for handling the changes. A change control process helps to ensure that the changes are properly identified, analyzed, approved, implemented, verified, and tracked. A change control process can help the BA to keep this situation from occurring in the future by creating a clear and consistent mechanism for managing the changes and avoiding any unauthorized or uncontrolled changes that may affect the quality or scope of the solution. A risk strategy is a technique that helps to identify, analyze, and manage the uncertainties and threats that may affect the project or the solution. A risk strategy defines the risk appetite, tolerance, and thresholds, the risk identification and assessment methods, the risk response and monitoring plans, and the risk roles and responsibilities. A risk strategy can help the BA to mitigate the potential impacts of the changes, but it does not prevent the changes from occurring. A prioritization approach is a technique that helps to rank the requirements or solution options based on their relative importance, urgency, value, or dependency. A prioritization approach defines the criteria and methods, the tools and techniques, and the roles and responsibilities for prioritizing the requirements or solution options. A prioritization approach can help the BA to determine the optimal scope and sequence of the solution delivery, but it does not control the changes to the requirements or solution options. A stakeholder engagement plan is a technique that helps to plan and manage the interactions and communications with the stakeholders throughout the project. A stakeholder engagement plan defines the stakeholder identification and analysis, the stakeholder communication and collaboration methods, the stakeholder feedback and approval mechanisms, and the stakeholder roles and responsibilities. A stakeholder engagement plan can help the BA to ensure that the stakeholders are informed, engaged, and satisfied with the project progress and outcomes, but it does not regulate the changes requested by the stakeholders. References: BABOK Guide v3, Chapter 10: Techniques, Section 10.11: Change Control Process, p. 510-512; Section 10.51: Risk Analysis and Management, p. 567-569; Section 10.38: Prioritization, p. 550-552; Section 10.24: Focus Groups, p. 532-533.