You are the business analyst for your organization. You are coaching Tom about the different approaches to business analysis.
Which type of business analysis approach has the most business analysis work at the beginning of the project or during the start of a project phase?
You are the business analyst for your organization. A customer has approached your organization and is requesting that your company create new software for them that will help them collect customer information.
In regard to enterprise analysis this business needs stems from which one of the following need generation approaches?
What is Enterprise Analysis: does it differ from Enterprise Architecture?
[Enterprise Analysis - Business Analyst Training]
[External Drivers: Definition & Examples - Video & Lesson Transcript | Study.com]
A business analyst (BA) has defined a business analysis approach and presented the documents to the sponsors, the senior executives, the domain experts, the project manager and the head of technology, to obtain agreement from all. At this juncture, the prefect manager objected to some of the estimates determined m the budget and refused to agree with the estimates. Which guideline or tool, if followed by the B
A stakeholder engagement approach is a plan that describes how the BA will interact with the stakeholders, identify their needs and expectations, and address their concerns and issues. A stakeholder engagement approach can help the BA avoid disagreements and conflicts by ensuring that the stakeholders are involved and informed throughout the business analysis process, and that their feedback and input are considered and incorporated. A stakeholder engagement approach can also help the BA build trust and rapport with the stakeholders, and manage their expectations and influence levels. By following a stakeholder engagement approach, the BA can ensure that the business analysis approach and the budget estimates are aligned with the stakeholder needs and agreed upon by all the relevant parties.Reference:
IIBA BABOK Guide, Section 3.2, Plan Stakeholder Engagement
Five-Step Approach to Stakeholder Engagement, BSR
5 steps to creating a stakeholder engagement plan (with template), Asana
A large insurance company wants to buy a new claims processing system or upgrade one of its two existing system. Each year the claims department is given a $3.5 million budget to spend. Time is of the essence since there are tome regulatory charges that will be coming the following year that will require several features that currently neither one of the two claims System currently support.
There are eight stakeholders involved in this initiative. There are local to where the claim system is managed, while five are located across the country. The business analyst (BA) struggled to get all stakeholders to agree on the desired features but ultimately got agreement on ten identified key features for the new claims system. The BA was able to build a current state and future state process model which included all ten key features.
System a process 75% of the company's claims. It is 5 years old and the claim processors love it because it is easy to use. However, it must go offline for two hours each day. The code is very module so it does have flexibility to be modified. To upgrade system A to have all ten features it would cost $5 million. System A would be at capacity if it were to process all of the company's claims.
System B process 25% of the company's claims. It is an older mainframe system, but rarely goes offline. It could easily handle double the number of claims that system A processes. However, it has a lot of legacy code and would cost $6 million to upgrade.
Both systems have some of the desired key features. But neither system has all ten. The cost to buy a new system would be $7 million.
Below is the estimated cost for each feature in priority order.

If the budget for the initiative was firm, what is a feasible solution to make sure the project stays within budget?
Based on the table in the image, the total cost of upgrading system A with the first 8 features is $3.5 million, which is equal to the budget for the initiative. This option would also allow the company to retain the system that is preferred by the claim processors and has more flexibility to be modified. The other options would either exceed the budget or compromise the functionality and usability of the system. Therefore, upgrading system A with the first 8 features is a feasible solution to make sure the project stays within budget.Reference:
IIBA BABOK Guide, Section 10.23, Decision Analysis
Cost Benefit Analysis: An Expert Guide, Smartsheet
How to Choose the Right Software Vendor, CIO
Ahmed
5 days agoJolanda
12 days agoBritt
19 days agoParis
27 days agoBernadine
1 month agoEmmett
1 month agoCatherin
2 months agoBen
2 months agoAlva
2 months agoJunita
2 months agoJerry
3 months agoEugene
3 months agoWava
3 months agoNatalya
3 months agoBeckie
4 months agoLuke
4 months agoFreeman
4 months agoMargret
4 months agoWillard
5 months agoEstrella
5 months agoJestine
5 months agoAshley
5 months agoVal
6 months agoVerdell
6 months agoAlline
8 months agoLindsay
10 months agoLenita
11 months agoThora
1 year agoMarget
1 year agoHollis
1 year agoGlen
1 year agoMattie
1 year agoLuther
1 year agoWillis
1 year agoMarguerita
1 year agoVesta
1 year agoLucy
1 year agoRoosevelt
1 year agoPaola
1 year agoJenise
1 year agoPatria
1 year agoTalia
1 year agoNieves
1 year agoShoshana
1 year agoThurman
1 year agoIsadora
1 year agoBambi
2 years agoPhillip
2 years agoVinnie
2 years agoRolande
2 years ago