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IIBA Exam CBAP Topic 3 Question 84 Discussion

Actual exam question for IIBA's Certified Business Analysis Professional exam
Question #: 84
Topic #: 3
[All Certified Business Analysis Professional 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 Kirk at Apr 13, 2024, 10:44 AM

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Armando
11 days ago
Good point. It's always better to have a little buffer room, just in case. Plus, Company C has a bit lower licensing costs in Years 1 and 2, so that could end up saving some money in the long run.
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Theola
13 days ago
Hmm, I'm not so sure. $300,000 for Company B is pretty close to the limit. What if there are any unexpected costs or changes down the line? I think I'd feel more comfortable with Company C, even though it's a bit higher.
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Antonio
14 days ago
You're right, Company A is way over budget. But between B and C, I think B is the better option. Their total cost is $300,000, which is right around the $310,000 mark, while C is a bit higher at $320,000.
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Rex
15 days ago
Okay, let's start with the numbers. Company A has the highest total cost at $356,000, so we can rule that out right away. That leaves us with Companies B and C.
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Luis
17 days ago
I agree, we need to look closely at the costs for each vendor. The licensing costs and implementation costs can really add up, so we have to make sure we don't go over that $310,000 limit.
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Alexia
19 days ago
This seems like a tricky question. The key is to find the vendor or vendors that fit within the $310,000 budget for the first three years. Let's go through the numbers carefully.
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