CBAP Exam Dumps - Certified Business Analysis Professional

The solution approach is the process of defining the most feasible and appropriate way to implement a change that addresses a business need. It involves identifying and evaluating different options for creating or acquiring new capabilities, such as products, services, processes, or systems, that will deliver value to the stakeholders and solve the business problem. The solution approach also considers the constraints, risks, assumptions, and dependencies that may affect the solution. The solution approach provides the basis for defining the solution scope, which specifies the features and functions of the solution, and the project scope, which specifies the work required to deliver the solution123.

The other options are not correct definitions of the solution approach. Option A is the definition of scope change control, which is the process of managing and documenting the changes to the product scope as approved by the project stakeholders. Option C is the definition of a risk, which is an uncertain event or condition that may have a positive or negative impact on the project objectives. Option D is the definition of decomposition, which is a technique that breaks down the project scope into smaller deliverables; each deliverable is subdivided repeatedly until the deliverable cannot or should not be broken down any further4. References: 1: BABOK® Guide v3, section 11.2 Define Solution Approach, page 402 2: CBAP® Exam Prep Study Guide, chapter 9, page 323 3: How toChoose the Right Business Analysis Approach 4: PMBOK® Guide, Sixth Edition, section 5.4.2.1 Decomposition, page 156

 Videoconferencing is a communication technique that allows business analysts to interact with stakeholders who are not collocated. It enables real-time audio and visual communication, which can facilitate collaboration, feedback, and decision making. Videoconferencing can also help build rapport and trust among stakeholders, as well as reduce travel costs and time. Videoconferencing is one of the many communication techniques that business analysts can use to elicit information and collaborate with stakeholders in different geographical locations1234. References: 1: How to create a business analysis communication plan - Lucidchart 2: Business Analysis Techniques: Eliciting Information and Collaborating with Stakeholders 3: Key sets of BA: analysis andcommunication techniques - Exposit 4: Communication strategy for stakeholder engagement – SustaiNet

 A vision statement is a document that defines the business needs, identifies key stakeholders, and describes the positive impact the solution will provide on the key stakeholders. A vision statement is a high-level summary of the purpose, scope, and objectives of the project or initiative. It helps to align the stakeholders’ expectations, communicate the value proposition, and guide the decision making throughout the project lifecycle. A vision statement is one of the key inputs for the enterprise analysis process, which involves defining the business need, assessing the capability gaps, determining the solution approach, defining the solution scope, and defining the business case1234. References: 1: BABOK® Guide v3, section 3.4.1 Define Business Need, page 69 2: CBAP / CCBA Certified Business Analysis Study Guide, chapter 4, page 106 3: Business Analysis Techniques: Developing the Vision, pages 23-24 4: How to Write a Vision Statement for Your Business5

To calculate the break-even point, we need to compare the total costs of the internal solution and the vendor’s solution over time. The internal solution has a higher initial cost ($78,000) and a higher monthly cost ($8,765) than the vendor’s solution ($61,000 and $7,990 respectively). Therefore, the internal solution will take longer to break even with the vendor’s solution. The formula for the break-even point is:

Break-even point = (Initial cost difference) / (Monthly cost difference)

Plugging in the numbers, we get:

Break-even point = ($78,000 - $61,000) / ($8,765 - $7,990) Break-even point = $17,000 / $775 Break-even point = 21.94 months

Rounding up to the nearest whole month, we get 22 months as the break-even point. References: This question is based on the concept of financial feasibility analysis, which is part of the business analysis planning and monitoring knowledge area in the BABOK® Guide. Financial feasibility analysis is the process of comparing the costs and benefits of different solutions to determine the optimal one for the organization. One of the techniques for financial feasibility analysis is break-even analysis, which calculates the point in time when the costs of a solution equal the benefits of the solution. You can find more information about financial feasibility analysis and break-even analysis in the following sources:

• BABOK® Guide, section 3.4.5.5, pages 76-77
• CBAP / CCBA Certified Business Analysis Study Guide, chapter 3, pages 85-86
• Certified Business Analysis Professionalâ„¢ (CBAP®) | Coursera, course 2, week 3, video 3.3

 A change-driven approach to business analysis is one that adapts to the changing needs and priorities of the stakeholders and the business environment. It focuses on delivering business value in short iterations, rather than following a fixed and detailed plan. A change-driven approach is often associated with agile methodologies, such as Scrum, Kanban, or XP, which emphasize collaboration, feedback, and continuous improvement. A change-driven approach can help business analysts respond to uncertainty, complexity, and ambiguity, and deliver solutions that meet the customer’s expectations and satisfaction. References:

• Defining Business Analysis, section 1.3.2, page 7
• How to Choose the Right Business Analysis Approach, paragraph 4
• Business Analysis Approach, paragraph 2
• The Agile Business Analysis Approach Means…, paragraph 1
• Defining the Business Analysis Approach in 2023, paragraph 2

 A solution approach is a description of the proposed method for delivering a solution that meets the business need. It is one of the outputs of the enterprise analysis tasks, along with business need, capability gaps, solution scope, and business case. A solution approach defines the type, nature, and complexity of the solution, and provides a high-level view of how the solution will be implemented. It also identifies the major components, features, and functions of the solution, as well as the key stakeholders, risks, assumptions, and constraints. A solution approach helps to evaluate the feasibility and viability of different solution options and compare them with the business need and expected benefits. References:

• IIBA BABOK Guide v3, p. 30, 176, 264
• An Overview of Enterprise Analysis - Modern Analyst
• How Do You Know When You Are Doing Enterprise Analysis

 Requirements prioritization is the process of assigning relative importance and urgency to the requirements based on various factors, such as business value, stakeholder needs, risk, dependency, and feasibility. Requirements prioritization helps to define the solution scope by determining which requirements are essential, which are desirable, and which are optional for the solution. Requirements prioritization can be used with both plan-driven and change-driven approaches to business analysis, depending on the level of certainty and stability of the requirements. Requirements prioritization does not depend on the stakeholder importance, but rather on the stakeholder agreement and alignment on the requirements. References:

• BABOK® Guide, p. 54-55
• CBAP / CCBA Certified Business Analysis Study Guide, p. 164-165
• Certified Business Analysis Professionalâ„¢ (CBAP®) | Coursera, Course 2, Week 1, Video: “Requirements Prioritization”

 A parametric estimate is an estimate that uses a mathematical formula or model to calculate the time, cost, or resources required for a project or activity based on historical data and known variables. In this scenario, the 25 workstations per hour represents a parametric estimate of the productivity of the project team, which can be used to determine the total duration and cost of the installation. A parametric estimate is usually more accurate and reliable than other estimation techniques, such as expert judgment or analogy, as it is based on objective and quantifiable data. References:

• CBAP Certification Study Guide v3.0, page 33
• BABOK Guide v3, page 16
• Certified Business Analysis Professionalâ„¢ (CBAP®) | Coursera, Course 3, Week 3, Video: “Project Management Concepts”