IIBA Updated CBAP Exam Questions and Answers by tara

A change log is a tool that helps to manage and monitor the changes that affect the requirements, the solution, or the project. A change log tracks all characteristics and status of changes that have been received, such as the source, description, priority, impact, approval, and resolution of the changes. A change log can help to ensure that the changes are properly documented, communicated, and controlled, and that they are aligned with the stakeholder needs and expectations. References: BABOK Guide v3, page 54; CBAP / CCBA Certified Business Analysis Study Guide, page 161.

 A task list is a tool that helps to organize and track the business analysis activities. Each task in the task list must have a unique number that identifies it and allows it to be referenced and tracked. The unique number can also be used to link the task to other elements, such as requirements, deliverables, stakeholders, or risks. The unique number can be assigned sequentially or based on a coding scheme that reflects the task hierarchy or category. References: BABOK Guide v3, page 38; CBAP / CCBA Certified Business Analysis Study Guide, page 77.

 According to the BABOK® Guide, a risk is “an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives such as scope, schedule, cost, and quality” (p. 10). A risk can have both positive and negative impacts, depending on the perspective of the stakeholders and the objectives of the solution. For example, a risk of adopting a new technology may be that it increases the productivity of the employees (positive) but also requires more training and maintenance (negative). A risk analysis in the business case should consider both the probability and the impact of the risks, as well as the strategies to mitigate or exploit them. References: BABOK®Guide, p. 10, 114-115; Certified Business Analysis Professional™ (CBAP®) | Coursera, Course 3, Week 2, Video: “Risk Analysis and Management”

A bidders conference is a meeting that brings all of the potential vendors together to discuss the statement of work and the request for proposal. A bidders conference is an opportunity for the soliciting organization to clarify any questions or issues regarding the project, the requirements, the evaluation criteria, and the procurement process. A bidders conference also allows the potential vendors to network with each other and explore possible partnerships or subcontracting opportunities. A bidders conference is different from a contract bidding meeting, which is a meeting where the soliciting organization evaluates and selects the winning vendor. A bidders conference is also different from a status meeting, which is a meeting that provides updates on the progress and performance of a project. A bidders conference is not a qualified vendors meeting, which is a meeting that pre-qualifies vendors based on their capabilities and experience. References:

• RFP: A Quick Guide to Request for Proposals (Templates Included), paragraph 8
• How to Write a Statement of Work for Any Industry | Smartsheet, paragraph 9
• 50+ SAMPLE Vendor Request for Proposal in PDF, paragraph 3
• The Ultimate RFP Guide: Steps, Guidelines & Template for Requests for …, paragraph 5