CCBA Reviews Questions

To find the minimum amount of funds the organization should invest in this project, we need to calculate the present value of the future cash flow, using the formula:

PV=(1+r)nFV​

where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.

Plugging in the given values, we get:

PV=(1+0.06)42,750,000​

PV=2,178,257.57

Therefore, the minimum amount of funds the organization should invest in this project is $2,178,257.57.References:

Capability in Business Analysis™ (CCBA®) Handbook, page 14

A Guide to the Business Analysis Body of Knowledge® (BABOK® Guide), page 40

Business Analysis Expert Certification, CCBA® | IIBA®

According to the BABOK® Guide, Version 3.0, the business analysis approach is the set of processes, activities, techniques, deliverables, and roles that are tailored to suit the specific needs and context of a change initiative1. The business analysis approach should be defined in collaboration with the key stakeholders, such as the project manager, the sponsor, the solution owner, and the subject matter experts2. Working with the appropriate stakeholders to determine how the business analysis work should be completed is the best action to take to begin business analysis, as it ensures that the approach is aligned with the project objectives, scope, constraints, and stakeholder expectations3. References:

1: BABOK® Guide, Version 3.0, p. 33

2: BABOK® Guide, Version 3.0, p. 34

3: Business Analysis Expert Certification, CCBA® | IIBA®

A stakeholder matrix is a diagram that helps to identify and analyze the stakeholders involved in a project or initiative. It can show the level of interest, influence, power, and attitude of each stakeholder group towards the proposed solution. It can also help to prioritize the communication and engagement strategies for different stakeholder groups12. A stakeholder matrix can help Audrey to visualize the people that are for and against the solution, as well as their relative importance and impact on the project. References:

1: BABOK® Guide, Version 3.0, p. 51

2: Stakeholder Analysis | IIBA® BABOK Extended

Linked is not a valid relationship type among requirements. Requirements can have different types of relationships, such as derivation, satisfaction, verification, refinement, traceability, dependency, conflict, or overlap1. These relationships can help to analyze the impact, consistency, completeness, and quality of the requirements2. However, linked is not a specific or meaningful term to describe how requirements are related.

The other options are valid relationship types among requirements:

Necessity is a relationship type that indicates that a requirement is essential for achieving a goal or satisfying a need3.

Cover is a relationship type that indicates that a requirement addresses or fulfills a stakeholder need or expectation4.

Subset is a relationship type that indicates that a requirement is a more detailed or specific version of another requirement5.

References:

Relationship Analysis in Requirements Engineering, section “Relationship Types”

A Guide to the Business Analysis Body of Knowledge® (BABOK® Guide), version 3, chapter 6, section 6.1.4.1

Necessity, section “Description of Change”

Cover, section “Description of Change”

Subset, section “Description of Change”