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CAPM Prep > Module 5: Business Analysis Domain > Flashcards

Module 5: Business Analysis Domain Flashcards

1
Q

What are the 5 steps of business analysis?

Hints: PEAME

A
  1. BA planning
  2. Needs analysis
  3. Elicitation of requirements
  4. Tracing and monitoring
  5. Solution evaluation.
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2
Q

What are some key activities that take place during the BA planning stage?

A

Identify stakeholders. requirements management, define evaluation plan, determine lifecycle

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3
Q

T/F: The business analysis plan is the same as the requirement plan.

A

False, Req plan is done by the PM after handoff.

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4
Q

The general phases of the needs analysis step follow the ABCDEF acronym. What does it stand for?

A

A. Aspire -NA starts occurs here
B. Business Case.
C. Create charter
D. Develop plan for sol
E. Execute Plan
F. Finish plan

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5
Q

What are the official steps of Needs Assessment Process

I Always Dive Deeper Faster So Ahaha

A
  1. Identify problem
  2. Assess current state
  3. Determine future state
  4. Determine viable options
  5. Facilitate project roadmap
  6. Support charter development
  7. Assemble business case.
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6
Q

When identifying the problem in needs analysis, the ____ statement is an output of the process.

A

Situation

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7
Q

Generally, how should the situation statement be worded?

A

Problem of ___
has the effect of ___
with the impact of ___

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8
Q

What are some data collection techniques used to determine current state in needs analysis?

A

Document analysis, interviews, observations and questioning.

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9
Q

What are some tools that can be used to determine current state in needs analysis?

A

Pareto diagram
Process flow diagrams
Value stream maps
Root cause analysis
Ishikawa (fishbone) diagrams
5 Whys
SWOT Analysis

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10
Q

What does SWOT stand for?

A

Strength, weaknesses, opportunities and threats.

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11
Q

What are some tools that can be used to determine future state in needs analysis?

A

Affinity diagram
Feature model
Gap analysis
Kano Analysis
Process flow
Alignment model
Solution capability matrix.

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12
Q

What is this an example of?

A

Affinity diagram

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13
Q

What is this an example of?

A

Feature model

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14
Q

Solutions should be ____ goals?

A

SMART

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15
Q

What does SMART stand for?

A

Specific
Measurable
Attainable
Relevant
Time Based

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16
Q

Defn: Cost-benefit analysis

A

A tool that compares components/benefits to cost and is included in a business case.

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17
Q

_____ Pulls information from sources

A

Elicitation

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18
Q

Some elicitation techniques are:

A

Brainstorming, document analysis, workshops, focus groups, interviews, observations, surveys and prototyping.

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19
Q

Defn: Feature injection

A

Features that provide immediate value. Provides guides to teams to analyze only high value features.

20
Q

What are some valuation techniques?

A

Return on investment
Net present value
Rate of return
Payback period

21
Q

Defn: Internal rate of return

A

The rate at which cash inflows equal cash outflows without consideration of external factors

22
Q

A ___ ROR = Larger return on project

A

Larger

23
Q

Defn: Net present value

A

Helps determine whether an investment will provide value.

24
Q

____ NPV = greater the value an option is expected to provide

A

Larger

25
Q

Payback period

A

Time needed to recover an investment

26
Q

___ paypack period = larger risk

A

Longer

27
Q

Defn: Return on Investment

A

% return on initial investment

28
Q

ROI Formula

A

Net profit / cost of investment

29
Q

What are the outputs of a business analysis?

A

Feasibility study results and recommended solution

30
Q

What are 3 techniques used to create a roadmap?

A

Feature model, product visioning and story mapping.

31
Q

What 5 things should a business case entail?

I Am Really Calm and Eager

A
  1. Identifying problem
  2. Analyze situation
  3. Recs.
  4. Cost-benefits
  5. Evaluation
32
Q

What 3 things must be done during requirements analysis?

A

Ensuring stkh understand reqs
Present reqs with detail
Ensure stkh see business value of project.

33
Q

What generally occurs during the anaylsis stage in business analysis?

A
  • Gather background information to identify current state of problem.
  • Identify root causes and key components.
  • Get reqs from stakeholders
  • Define desired future state.
34
Q

___ models are categorized by their primary subject matter.

A

Analysis

35
Q

Some examples of analysis models are:

A

scope models, process models, rule models, data models, and interface models.

36
Q

User stories, which are used in process models, should follow the INVEST acronym. What does it stand for?

A

Independent, negotiable, valuable, estimable, small and testable.

37
Q

Defn: tracibility

A

monitors product reqs from origin of their deliverables

38
Q

Defn: acceptance criteria

A

concrete and demonstrable conditions that have to be met for the business stkh to accept project.

39
Q

When should solution evaluation occur?

A

Before and during projects.

40
Q

What are the three test driven approaches to development?

A
  1. Test driven
  2. Acceptance test driven
  3. Behavior test driven
41
Q

When is project performance measured in a predictive cycle?

A

At the end

42
Q

When is project performance measured in an adaptive cycle?

A

Incrementally

43
Q

Question to ask during Validation?

A

Are we building the right product?

44
Q

When does validation occur?

A

Before implementation

45
Q

What question to ask during verification?

A

Are we building the product right?

46
Q

When does verification occur?

A

May occur before or after validation.

47
Q

What are the two types of verification?

A

Peer review and inspections

CAPM Prep (10 decks)

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