One of the techniques to assess capabilities in an organization is to use SWOT. What does SWOT accomplish?
Answer(s): B
The best answer to what SWOT accomplishes is that it identifies how current capabilities (strengths and weaknesses) match up against the influencing factors (opportunities and threats). Answer C is incorrect. While this answer does provide the key of what SWOT stands for, it's not the best answer for what SWOT accomplishes.Answer A is incorrect. This answer does use the legend of SWOT, but it does not define the purpose of SWOT.Answer D is incorrect. This isn't a valid statement about SWOT.
An organization has invested $750,000 into a technology to help secure, automate, and communicate customer ordering. The solution has worked well for the past six months, but a newer technology has been developed that surpasses the abilities of the current solution and solves many defects and issues the company has with the existing solution. Purchasing the newer solution, however, means that the company will have to discard the solution that's only been in place for the past six months. What term can be assigned to the monies already implemented into the existing solution?
Answer(s): C
The monies that have already been invested in the existing solution are called sunk costs. Sunk costs are the funds that have been "sunk" into the solution and are no longer available. Answer A is incorrect. The opportunity cost is when there are two or more solutions to choose from, but only one can be selected.The opportunity cost is the total amount of the opportunities that cannot be selected. Answer B is incorrect. The cost of nonconformance describes the cost of not conforming to quality, such as lost sales, lost work,defects, and even safety considerations.Answer D is incorrect. It is a ratio to compare the costs of a solution to the benefits received for the costs.
Which of the following is used to define and document the business analysis approach?
Process modeling is used to define and document the business analysis approach. Answer D is incorrect. Decision analysis is used to rate available methodologies against organizational needs and objectives.Answer A is incorrect. Structured walkthrough is used as a means of validating a created, selected, or tailored business analysis approach.Answer B is incorrect. Progressive elaboration describes the process of providing more and more information through incremental details. It is a form of deductive reasoning to go from a very broad set of requirements to the exact details on the requirements.
What does the decomposition of activities and tasks based on the work breakdown structure create for the business analyst?
Answer(s): A
Activity List is created by decomposing Work Breakdown Structure into work packages. These work packages are decomposed into activities and further into smaller tasks that result into the documented activity list.Answer D is incorrect. The project management plan defines all of the processes, activities, and work for the project manager, project management team, and the team members. Answer B is incorrect. The business analysis plan isn't a valid answer for the decomposition of the project activities.Answer C is incorrect. The network diagram illustrates the flow of the project activities and is not a simple listing of the activities.The network diagram clearly shows the relationship of activities, predecessor activities, and successor activities.
Which one of the following terms is not a business analysis planning and monitoring approach?
Requirements elicitation is a business analysis task; it is not a business analysis planning and monitoring approach.Answer B is incorrect. Decision analysis is a business analysis planning and monitoring approach so this choice is incorrect.Answer D is incorrect. Process modeling is a business analysis planning and monitoring approach so this choice is incorrect.Answer A is incorrect. Structured walkthroughs are a business analysis planning and monitoring approach so this choice is incorrect.
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