CBAP - Strategy Analysis

Steve, a business analyst, is currently engaged in collecting data for a business proposal. He is utilizing benchmarking analyses of rival companies. After careful evaluation, Steve finds that the potential risks connected with the implementation are approximately equivalent to the anticipated value. Given this scenario, which of the following options is Steve most likely to suggest?

• Pursue the change and invest in some risk mitigation.

• Unknown

• Seek ways to increase solution value that will outweigh the risks.

• Recommend the organization not pursue the change.

Answer explanation

it would be better to seek ways to increase the solution's value in order to keep pace with the competition. BABOK 6.3.4.5

Kathy is analyzing the current state and working with her team and stakeholders to identify and define why a requested change is needed. What is the output of the task Kathy is working on?

• Business goals

• Elicitation results (confirmed)

• Stakeholder engagement approach

• Business Requirements

Answer explanation

Business requirements are defined from analyzing the current state. BABOK 6.1.8 and 2.3

Which of the following is NOT a term used to describe a stakeholder's risk tolerance?

• Risk Aversion

• Neutrality

• Risk Seeking

• Risk threshold

Answer explanation

A decision tree is a tool contained within decision analysis that will help objectively identify the best decision. Everyone will have an opinion in this scenario! BABOK 10.16.3.3

An organization seeks to increase employee satisfaction within the next year. What is this an example of?

• Business goal

• Business objective

• 
  Business requirement

• Potential value

Answer explanation

A business goal is a statement of a state or condition that an organization is seeking to establish and maintain. BABOK 6.2.4.1

Financial resources, patents, reputation, and brand names are all examples of which of the following elements?

• 
  Macroeconomic factors

• Business architecture

• Internal assets

• Capabilities

Answer explanation

The BABOK also calls these enterprise assets. BABOK 6.1.4.7

ROI is a key component of any form of financial analysis contained within a business case. What does it stand for?

• Return on information

• 
  Return on intelligence

• Return on interest

• Return on investment

Answer explanation

This is what ROI stands for and is a standard business term. BABOK 10.20.3.5

Which of the following statement best describes a common test for assessing objectives?

• Specific, Measurable, Achievable, Relevant, time bounded
  

• Specific, Measurable, Achievable, Relevant, testable

• Specific, Manageable, Achievable, Relevant, time bounded

• Specific, Measurable, Achievable, Realistic, time bounded

Answer explanation

Risks speak to uncertainty and "potential" impacts. BABOK 6.3.1