Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

IIBA-AAC Exam - Topic 6 Question 97 Discussion

During a team meeting, the team discuss a technique where real or perceived benefits to the customer, direct costs and opportunity costs are assessed. Which technique are they discussing?
D) Value Modeling
A) Minimum Viable Product
B) Impact Mapping
C) Kano Analysis

IIBA-AAC Exam - Topic 6 Question 97 Discussion

Actual exam question for IIBA's IIBA-AAC exam
Question #: 97
Topic #: 6
[All IIBA-AAC Questions]

During a team meeting, the team discuss a technique where real or perceived benefits to the customer, direct costs and opportunity costs are assessed. Which technique are they discussing?

Show Suggested Answer Hide Answer
Suggested Answer: D

Value Modelling models value creation for stakeholders who use the solution. Value Modelling is also referred to as Customer Value Model. Value Modelling follows a basic structure: Customer value = Benefits -- Cost Benefits can be real (solves a problem or completes a job) or perceived (increases status, reputation, likability).


Contribute your Thoughts:

0/2000 characters
Cordelia
9 months ago
Wait, are they really assessing opportunity costs? That seems complex!
upvoted 0 times
...
Dorcas
9 months ago
Definitely not Minimum Viable Product, that's a different concept.
upvoted 0 times
...
Deonna
10 months ago
I think it's Kano Analysis! It focuses on customer satisfaction.
upvoted 0 times
...
Francine
10 months ago
I agree, Value Modeling makes the most sense here.
upvoted 0 times
...
Ahmad
10 months ago
Sounds like they're talking about Value Modeling.
upvoted 0 times
...
Brigette
10 months ago
I'm leaning towards Value Modeling too, but I wish I had reviewed the differences between all these techniques more thoroughly.
upvoted 0 times
...
Sheron
10 months ago
I feel like Minimum Viable Product could fit, but it seems more about getting something out quickly rather than assessing costs.
upvoted 0 times
...
Felicidad
11 months ago
I remember practicing a question about Kano Analysis, but I don't think it focuses on costs as much. Maybe it's Impact Mapping?
upvoted 0 times
...
Dion
11 months ago
I think they might be talking about Value Modeling, but I'm not entirely sure. It sounds familiar from our last study session.
upvoted 0 times
...
Craig
11 months ago
Value Modeling, that's the one. I remember learning about that in class - it's all about evaluating the overall value proposition for the customer. Feels like the right fit for this scenario.
upvoted 0 times
...
Jeffrey
11 months ago
I'm a bit unsure on this one. The options all seem related to product development, but I'm not totally clear on the differences between them. I'll have to review my notes to refresh my memory.
upvoted 0 times
...
Milly
11 months ago
Okay, let's see. The team is discussing a technique that assesses real or perceived benefits, direct costs, and opportunity costs. That sounds like Value Modeling to me.
upvoted 0 times
...
Rupert
12 months ago
Hmm, this seems like a tricky one. I'll need to think through the key details about each option to determine which one best matches the description.
upvoted 0 times
...
Avery
12 months ago
Wow, Impact Mapping? That's some serious strategic planning right there. I wish my team was this organized.
upvoted 0 times
...
Tamar
1 year ago
I believe it could also be Value Modeling, as it involves assessing value to the customer.
upvoted 0 times
...
Cecil
1 year ago
I agree, Impact Mapping considers benefits, costs, and opportunities.
upvoted 0 times
...
Gilma
1 year ago
I think they are discussing Impact Mapping.
upvoted 0 times
...
Carin
1 year ago
Value Modeling, no doubt. It's all about weighing the pros and cons to make the best decision. These guys know their stuff.
upvoted 0 times
Paola
1 year ago
A) Minimum Viable Product
upvoted 0 times
...
...
Audry
1 year ago
Definitely Kano Analysis! That's all about understanding customer needs and how they perceive value. This team is really on top of their game.
upvoted 0 times
Kenny
12 months ago
D) Value Modeling
upvoted 0 times
...
Truman
1 year ago
C) Kano Analysis
upvoted 0 times
...
Jutta
1 year ago
B) Impact Mapping
upvoted 0 times
...
Daryl
1 year ago
A) Minimum Viable Product
upvoted 0 times
...
...

Save Cancel