Business Analysis Key Terms

Question 1

Stakeholder

Answer 1

Stakeholders are those who have a stake or an interest in a project or strategy undertaken by a company or an organisation, they will be affected in some way by the project and so have an interest in influencing it.

Question 2

Requirement

Answer 2

Documented representation of what objectives must be delivered to provide value, such as conditions needed by a stakeholder to satisfy the objectives.

Question 3

CBAP

Answer 3

CBAP stands for Certified Business Analysis Professional. This certification is the title given to professionals who sit for and pass the CBAP exam.

Question 4

Scope of Work

Answer 4

Information and parameters associated with carrying out a particular project.

Question 5

Use Case

Answer 5

Description of the position title, who holds that role, and the interaction that role has with the systems in place.

Question 6

Change Management

Answer 6

Systematic approach to assist an organization’s individuals/teams adapt to changes within their business environment by implementing procedures and utilizing the necessary technologies.

Question 7

Elicitation

Answer 7

Steps used to extract information/requirements from stakeholders.

Question 8

Validation

Answer 8

Selecting the best solution that fits the stakeholder’s needs and determining if the solution meets the requirements and objectives.

Question 9

Business Case

Answer 9

A well-structured document that demonstrates the reason for initiating a project.

Question 10

Solution Scope

Answer 10

The requirements a solution must support to meet the business need.