MENU
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?
Suggested Answer: D
Get Premium IIBA-AAC Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
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).
24 comments · newest first
CO
Cordelia
11 months ago
Wait, are they really assessing opportunity costs? That seems complex!
DO
Dorcas
11 months ago
Definitely not Minimum Viable Product, that's a different concept.
DE
Deonna
11 months ago
I think it's Kano Analysis! It focuses on customer satisfaction.
FR
Francine
11 months ago
I agree, Value Modeling makes the most sense here.
AH
Ahmad
11 months ago
Sounds like they're talking about Value Modeling.
BR
Brigette
12 months ago
I'm leaning towards Value Modeling too, but I wish I had reviewed the differences between all these techniques more thoroughly.
SH
Sheron
12 months ago
I feel like Minimum Viable Product could fit, but it seems more about getting something out quickly rather than assessing costs.
FE
Felicidad
1 year 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?
DI
Dion
1 year ago
I think they might be talking about Value Modeling, but I'm not entirely sure. It sounds familiar from our last study session.
CR
Craig
1 year 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.
JE
Jeffrey
1 year 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.
MI
Milly
1 year 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.
RU
Rupert
1 year 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.
AV
Avery
1 year ago
Wow, Impact Mapping? That's some serious strategic planning right there. I wish my team was this organized.
TA
Tamar
1 year ago
I believe it could also be Value Modeling, as it involves assessing value to the customer.
CE
Cecil
1 year ago
I agree, Impact Mapping considers benefits, costs, and opportunities.
GI
Gilma
1 year ago
I think they are discussing Impact Mapping.
CA
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.
PA
Paola
1 year ago
A) Minimum Viable Product
AU
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.
KE
Kenny
1 year ago
D) Value Modeling
TR
Truman
1 year ago
C) Kano Analysis
JU
Jutta
1 year ago
B) Impact Mapping
DA
Daryl
1 year ago
A) Minimum Viable Product