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IIBA CBAP Exam Syllabus Topics:

SectionObjectives
Business Analysis Key Knowledge Areas (Based on BABOK Guide v3)- Requirements Analysis and Design Definition
- Requirements Life Cycle Management
- Strategy Analysis
- Solution Evaluation
- Business Analysis Planning and Monitoring
- Elicitation and Collaboration

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Vce IIBA CBAP Exam, CBAP Question Explanations

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IIBA Cetified business analysis professional (CBAP) appliaction Sample Questions (Q162-Q167):

NEW QUESTION # 162
Which of the following process groups occurs at the beginning of the project?

Answer: A


NEW QUESTION # 163
Which of the following is described in the statement below?
"It shows the history and pattern of variation. It is a line graph that shows data points plotted in the order in which they occur. They show trends in a process over time, variation over time, or declines or improvements in a process over time. Trend analysis is performed using them."

Answer: D

Explanation:
Explanation/Reference:
Explanation:


NEW QUESTION # 164
Your organization is trying to determine which one of two opportunities they will pursue. The Project A is worth
$235,987 and Project B is worth $567,000 but carries significant risk. The organization elects to purse Project B and not Project A.
What is the opportunity cost in this scenario?

Answer: D

Explanation:
Opportunity cost is the value of the next best alternative that is forgone as a result of making a decision1. In this scenario, the opportunity cost of choosing Project B over Project A is the value of Project A, which is
$235,987. This means that by pursuing Project B, the organization is giving up the potential benefit of earning
$235,987 from Project A. The risk of Project B is not relevant for calculating the opportunity cost, as it only affects the expected return of Project B, not the value of Project A. The difference between the values of Project B and Project A ($331,013) is not the opportunity cost, as it does not reflect the value of the forgone alternative. The value of Project B ($567,000) is not the opportunity cost, as it is the value of the chosen alternative, not the forgone one. References: 1: Opportunity Cost: Definition, Calculation Formula, and Examples1


NEW QUESTION # 165
Which of the following qualitative techniques involves a disciplined analysis of the event sequences that could transform a potential hazard into an accident?

Answer: D

Explanation:
Explanation
The HAZOP technique, which stands for Hazard and Operability Study, is a qualitative technique that involves a disciplined analysis of the event sequences that could transform a potential hazard into an accident. The HAZOP technique is a systematic and structured method of identifying and evaluating the possible deviations from the intended design, operation, or functionality of a system, process, or product. The HAZOP technique uses a set of guide words, such as no, more, less, as well as, part of, and reverse, to generate different scenarios of what could go wrong and why. The HAZOP technique helps to identify the causes, consequences, and safeguards of the deviations, and to recommend the appropriate actions or controls to prevent or mitigate the hazards12. A failure mode and effects criticality analysis (FMECA) is a qualitative technique that involves an extension of the failure mode and effects analysis (FMEA) by adding a criticality rating to each failure mode.
A FMECA is a method of identifying and evaluating the potential failures of a system, process, or product, and their impacts on the performance, safety, or reliability of the system, process, or product. A FMECA helps to prioritize the failures based on their severity and frequency, and to determine the corrective actions or preventive measures to reduce or eliminate the failures13. A failure mode and effects analysis (FMEA) is a qualitative technique that involves a systematic analysis of the potential failures of a system, process, or product, and their effects on the performance, safety, or reliability of the system, process, or product. An FMEA is a method of identifying and evaluating the causes, modes, and consequences of the failures, and the existing or planned controls to detect or prevent the failures. An FMEA helps to improve the design, operation, or functionality of the system, process, or product, and to reduce the risk of failures14. A preliminary risk analysis (PRA) is a qualitative technique that involves a high-level assessment of the risks that may affect a project or a solution. A PRA is a method of identifying and evaluating the sources, events, and impacts of the risks, and the existing or planned responses to the risks. A PRA helps to determine the feasibility and viability of the project or the solution, and to establish the scope and objectives of the risk management process15.
References:
CBAP Handbook
HAZOP Technique - iiba.org
Failure Mode and Effects Criticality Analysis - iiba.org
Failure Mode and Effects Analysis - iiba.org
Preliminary Risk Analysis - iiba.org


NEW QUESTION # 166
Which of the following types of charts shows which resources are needed in the project and allows you to group the resources by project phase or other attributes?

Answer: C


NEW QUESTION # 167
......

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