CBAP Exam Dumps - Certified Business Analysis Professional

 Risk Analysis and Management is a technique that involves identifying, assessing, and treating the uncertainties and potential negative impacts that may affect the requirement or the solution. Risk Analysis and Management can help the BA to identify scenarios that would alter the benefit delivered by a requirement, because it can help the BA to quantify and prioritize the risks, determine the appropriate responses and mitigation strategies, and monitor and control the risk exposure and outcomes. Risk Analysis and Management can also help the BA to communicate and report the risk status and issues to the stakeholders and the organization, and to ensure that the requirement delivers the expected value and benefit. Metrics and Key Performance Indicators, Data Modeling, or Document Analysis are not the best options for identifying scenarios that would alter the benefit delivered by a requirement, because they are either too specific, too general, or not directly related to the risk analysis and management process. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 8: Solution Evaluation, page 346

Business Analysis Body of Knowledge (BABOK) Guide, Version 3, Chapter 8: Solution Evaluation, section 8.4: Assess Solution Limitations, page 158

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 8: Solution Evaluation, page 346

 Lessons learned is a technique that involves identifying and documenting the successes, failures, and best practices of a project or initiative, and using them to improve the performance and quality of future work. Lessons learned can help the manager to help the BAs develop their skills and address the corrective actions, because it can provide feedback, insights, and recommendations on how to enhance the business analysis processes, methods, and competencies. Lessons learned can also help to identify the gaps, issues, and opportunities for improvement, and to plan and implement the necessary actions to resolve them. Team restructure, weekly meetings, or team building are not the best options for achieving this goal, because they are either too general, too specific, or not directly related to the business analysis skills and corrective actions. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 8: Solution Evaluation, page 348

Business Analysis Body of Knowledge (BABOK) Guide, Version 3, Chapter 8: Solution Evaluation, section 8.5: Assess Enterprise Limitations, page 159

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 8: Solution Evaluation, page 348

Risk analysis is the process of analyzing the areas of a project that are most affected by risk. It involves estimating the probability and impact of each identified risk, as well as assessing the quality and reliability of the available data. Risk analysis helps to prioritize the risks based on their severity and potential effect on the project objectives and deliverables. Risk analysis also helps to identify the root causes and triggers of the risks, as well as the interrelationships and dependencies among the risks. Risk analysis is the second step of risk management, which also includes risk identification, risk response, and risk monitoring and control. References: [IIBA BABOK Guide v3], section 11.2.2, page 387; CBAP / CCBA Certified Business Analysis Study Guide, chapter 5, page 231; CBAP Sample Questions, question 234.

 Risk governance is the process of establishing organizational checks and balances with a proper segregation of front, back, and middle office functions for effective risk management. Risk governance is the set of roles, responsibilities, policies, procedures, and standards that define how risk management is performed and overseen within an organization. Risk governance helps to ensure that risk management is aligned with the organizational strategy, objectives, and values, and that risk management activities are coordinated, consistent, and transparent across the organization. Risk governance also helps to promote a risk-aware culture and to foster accountability and ownership of risk management among the stakeholders12. A risk response plan is a document that describes the strategies and actions to address the identified and prioritized risks. A risk response plan is the output of the risk analysis process, which evaluates the risks and determines the appropriate responses to them. A risk response plan helps to implement the risk governance policies and procedures, and to execute the risk management plan13. A risk analysis is a process that evaluates the identified and prioritized risks, and determines the appropriate responses to them. A risk analysis is a sub-process of the risk management process, which encompasses risk identification, risk estimation, risk analysis, and risk monitoring and control. A risk analysis helps to develop strategies and actions to avoid, reduce, transfer, or accept the risks, and to allocate resources and contingency reserves for risk management14. A risk management plan is a document that describes how risk management will be performed and controlled throughout the project or the solution lifecycle. A risk management plan is the output of the scope and plan initiation process, which defines the scope, objectives, approach, and deliverables of the risk management process. A risk management plan helps to implement the risk governance policies and procedures, and to guide the risk management activities and decisions15. References:

CBAP® Handbook

Risk Governance - iiba.org

Risk Response Plan - iiba.org

Risk Analysis - iiba.org

Risk Management Plan - iiba.org

A requirements re-use repository is a collection of reusable requirements that can be applied to similar projects or products. It can help streamline the requirements gathering process by reducing the effort and time needed to elicit, analyze, and document requirements. It can also improve the quality and consistency of requirements by leveraging best practices and lessons learned from previous projects. A requirements re-use repository can also facilitate traceability, change management, and communication among stakeholders.

B. Implementing project templates is not the best answer because project templates are more related to project management than requirements gathering. Project templates can help standardize the project planning and execution processes, but they do not necessarily address the specific requirements of each project or product.

C. Implementing a requirements gathering form is not the best answer because a requirements gathering form is a tool for capturing and documenting requirements, not for streamlining the requirements gathering process. A requirements gathering form can help structure and organize the requirements, but it does not reduce the effort and time needed to elicit, analyze, and document requirements.

D. Implementing scope solution models is not the best answer because scope solution models are used to define and communicate the boundaries and features of a solution, not to streamline the requirements gathering process. Scope solution models can help clarify and validate the solution scope, but they do not reduce the effort and time needed to elicit, analyze, and document requirements. References:

Using Scope Models to Manage Solution Scope - Business Analyst Articles …

What is requirements gathering? Template and examples

Top 10 Requirements Gathering Templates with Samples and Examples

Stakeholder analysis is performed as soon as a business need is identified, as this is the first step in the business analysis process. Stakeholder analysis helps to identify who are the people or groups that have an interest or influence in the project, what are their needs and expectations, and how to engage them effectively. Stakeholder analysis is essential for defining the project scope, objectives, requirements, risks, and success criteria. Stakeholder analysis is also an ongoing process that should be revisited throughout the project lifecycle, as stakeholders may change or new ones may emerge12. References:

Stakeholder Analysis: Overview, Tools and Techniques - KnowledgeHut

How to Perform a Stakeholder Analysis | Lucidchart

Functional decomposition is a technique that breaks down a complex system or process into smaller and simpler parts, each with a specific function or purpose. By doing so, it helps to understand the structure, behavior, and functionality of the system or process, and to identify the requirements for each part. In this scenario, Ben is doing functional decomposition by taking the laser printer apart and documenting the purpose of each component. This can help him to improve the performance, quality, or efficiency of the laser printer by analyzing and optimizing each component’s function. References:

[A Guide to the Business Analysis Body of Knowledge (BABOK Guide)], version 3, page 402, section 10.31.2.11

[CBAP Certification Study Guide v3.0], Chapter 6: Requirements Analysis and Design Definition, Section 6.3: Organize Requirements, page 2502

Project Management: Different Types of Requirement - Visual Paradigm, paragraph 4

 Risk Data Quality Assessment is a technique that evaluates the degree to which the data about individual project risks is useful for risk management. It involves examining the extent to which the risk data is accurate, reliable, timely, complete, and realistic. This helps to determine the quality and credibility of the information used for risk analysis and response planning. References:

BABOK® Guide v3, section 11.6.5.8, page 417

CBAP® Exam Prep Study Guide, chapter 9, page 339

CBAP® Certification Study Guide v3.0, chapter 9, page 301