CBAP Exam Dumps : Certified Business Analysis Professional

Reviews and workshops are effective techniques for validating and negotiating requirements with stakeholders. They can help the BA to identify and resolve any conflicting or contradictory requirements, as well as to gain consensus and agreement among the stakeholders. Reviews can be done in various forms, such as walkthroughs, inspections, or peer reviews. Workshops can be used to facilitate collaborative discussions, brainstorming, and decision making among the stakeholders. Both techniques can help the BA to safeguard against conflicting requirements by ensuring that the requirements are clear, accurate, complete, and aligned with the business goals and needs123. References:

1: BABOK Guide v3, Chapter 4: Elicitation and Collaboration, Section 4.5: Validate Requirements

2: BABOK Guide v3, Chapter 5: Requirements Life Cycle Management, Section 5.5: Approve Requirements

3: BABOK Guide v3, Chapter 10: Techniques, Section 10.32: Reviews, Section 10.50: Workshops

 The CFO’s resistance to replacing the older vehicles and suggesting that the truck drivers manually send the truck location from a handheld mobile device every 20 minutes is an opportunity cost. An opportunity cost is the value of the next best alternative that is foregone as a result of making a decision. In this case, the opportunity cost of not replacing the older vehicles is the potential loss of customer satisfaction, retention, and loyalty due to the less accurate and less convenient tracking system. The CFO is choosing to save money on the upfront cost of buying new trucks, but at the expense of losing the competitive advantage and long-term benefits of having a live parcel tracking system. References:

IIBA BABOK Guide, Section 10.23, Decision Analysis

Opportunity Cost: Definition, Real-World Examples, How to Calculate, The Balance

What is Opportunity Cost and How to Calculate It, Investopedia

Prioritizing requirements is a process that helps business analysts and stakeholders to rank the requirements according to their importance, value, urgency, and dependency. Prioritizing requirements helps to ensure that the most critical requirements are addressed first, and that the available resources are allocated effectively. Prioritizing requirements also helps to manage the scope, schedule, and budget of the project, and to deal with changes and uncertainties. Prioritizing requirements is not only about determining the cost or the schedule of each requirement, but also about understanding the impact and the benefit of each requirement on the business need and the solution. Prioritizing requirements is not only about identifying the risks associated with each requirement, but also about mitigating or avoiding those risks by choosing the best solution option. References:

[A Guide to the Business Analysis Body of Knowledge (BABOK Guide)], version 3, page 402, section 10.31.3.11

Why Prioritise Requirements – How to do it and Why it is Critical to Project Success – BusinessAnalystMentor.com, paragraph 1

Why You Should Prioritize Requirements - ArgonDigital, paragraph 1

What Is Requirements Prioritization? Definition & Examples - airfocus, paragraph 1

Business analysts : How to prioritize requirements - Adaptive US, paragraph 1