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IIBA CBAP Exam - Topic 1 Question 77 Discussion

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 costsAfter 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?
C) Company A
A) Both companies B and C
B) Company B
D) Both companies A and C

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?

Show Suggested Answer Hide Answer
Suggested Answer: C

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

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Letha
10 months ago
I agree, B and C are the best options here!
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Angelica
10 months ago
Company A seems way over budget for Year 1.
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Alita
10 months ago
Wait, are we sure about those predicted costs?
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Cary
11 months ago
I think both B and C fit the criteria.
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Joaquin
11 months ago
Company B's costs look solid for the budget!
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Giovanna
11 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
11 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
11 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
11 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
11 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
11 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
11 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
12 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
12 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
12 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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