IIBA CBAP Exam - Topic 1 Question 77 Discussion

Actual exam question for IIBA's CBAP exam

Question #: 77
Topic #: 1

[All CBAP Questions]

An insurance company wants to implement a business intelligence solution to consolidate data from various different internal system to provide a better understanding of their customer base.

A business analysis (BA) is engaged to put together a tender (bid) to be sent to various business intelligence providers and implemention partners. Among other information the business analysis request the following:

* Licensing costs for year 0 based on needing 1 Central processing Unit (CPU) license

* Licensing costs for specific user types such as Report Creators Online Analytical Process (OLAO) user and Power users

* Predicted licensing costs for renewing in Years 1 and 2

* Full implementation costs

After reviewing the received vendor responses the project team shortlists the candidates to 3 and the BA structures the received information as follows:

The Insurance company has a maximum bucket of $310,000 for the entire to implementation and operation over the first three years. Which vendor or vendors meet that criteria?

ABoth companies B and C

BCompany B

CCompany A

DBoth companies A and C

Show Suggested Answer

Suggested Answer: C

by Izetta at Nov 26, 2023, 11:01 PM

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Letha

4 months ago

I agree, B and C are the best options here!

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Angelica

4 months ago

Company A seems way over budget for Year 1.

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Alita

4 months ago

Wait, are we sure about those predicted costs?

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Cary

5 months ago

I think both B and C fit the criteria.

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Joaquin

5 months ago

Company B's costs look solid for the budget!

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Giovanna

5 months ago

I feel like Company C might be over the budget, but I need to double-check the implementation costs we learned about in class.

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Francoise

5 months ago

If I remember correctly, we need to sum up the initial costs and the predicted renewals to see if they fit within the $310,000 limit.

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My

5 months ago

I think we practiced a similar question where we had to compare vendor costs, but I can't recall the exact steps we took to analyze the data.

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Talia

5 months ago

I remember we discussed how to calculate total costs over multiple years, but I'm not sure how to apply that here with the different licensing types.

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Meaghan

5 months ago

Okay, I think I've got this. I just need to compare the total 3-year costs for each vendor to the $310,000 budget. Shouldn't be too hard, as long as I add everything up correctly.

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Tammara

5 months ago

Alright, time to crunch some numbers! I'll start by adding up the year 0 costs for each vendor, then factor in the renewal costs for years 1 and 2. Gotta make sure I don't miss anything in those details.

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Val

5 months ago

Hmm, this is a tricky one. I need to make sure I understand all the different cost components - the CPU license, the user types, the renewal costs, and the implementation costs. I'll have to carefully go through each vendor's breakdown to figure out which one meets the budget.

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Rodolfo

6 months ago

Okay, let's see. I need to look at the total costs for each vendor over the 3-year period and see which one fits within the $310,000 budget. Looks like I'll need to add up the licensing and implementation costs for each one.

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Marge

6 months ago

Ah, I know this one! The nonce is used to ensure transactions are written in sequential order, so B is the correct answer.

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Rodrigo

6 months ago

Hmm, this is a tricky one. I'm not sure if I should discard the story and create a new one, or just mark it as incomplete. I'll need to re-read the question and think it through carefully before deciding.

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