PMI-PBA Mock Exam Lite - 1 Flashcards
The agile technique of on-demand scheduling is not suitable when:
The use of a predictive lifecycle is mandated by the customer.
If the use of a predictive lifecycle is mandated by the customer, no other project life cycles can be selected. Hence most of the agile techniques will be inapplicable in those scenarios. [PMBOK® Guide 6th edition, Page 177]
You work for a venture capital firm that continuously evaluates potential acquisition opportunities regarding emerging products and technologies. The organization primarily uses the Internal Rate of Return (IRR) of all opportunities as a financial viability measure. Which of the following statements regarding Internal Rate of Return (IRR) is correct?
IRR is the rate at which the Net Present Value of all cash flows will equal zero.
The Internal Rate of Return (IRR) gives the projected annual yield of an investment (rate of return) considering the time value of money. The IRR value signifies the interest rate at which the net present value of all cash flows will equal zero. [The PMI Guide to Business Analysis, page 90]
You have recently joined an organization. The organization’s business analysis and project management processes are not as mature as the organizations you have worked for in the past. You are coaching elicitation techniques to the young business analysts in the organization. Which of the following statements is INCORRECT?
Elicitation means collecting product information that stakeholders always have readily available.
Elicitation is more than collecting or gathering product information. Stakeholders do not always have product information readily available with them. A business analyst has to work out ways to elicit product information from the stakeholders. [The PMI Guide to Business Analysis, page 154]
You are reviewing a product team’s performance. The team is developing a small business application and is currently planning the project. The committed project duration, according to the product charter, was six months. However, the business analyst has already spent over two months in elicitation planning activities. What is your opinion about this?
The business analyst must have balanced the needs of the project against the quantity of requirements elicitation.
Spending two months off time for elicitation planning does not look all right for a six-month project. In the current situation, you have less than four months to do the actual elicitation and product development. The business analyst should have been more aware that elicitation consumes project resources; therefore, there is a cost for each facilitated workshop completed, each interview conducted, and every survey sent. [Business Analysis for Practitioners: A Practice Guide, page 53; The PMI Guide to Business Analysis, page 127]
You have been assigned to lead the business analysis activities for a major organizational transformation project. The scope of your business analysis activities includes analyzing the business needs and recommending customizations to an existing ERP solution in the market. The project stakeholders are geographically distributed and working in different time zones. In order to successfully complete your task, you should:
Identify the best approach for collaboration with the distributed stakeholders.
When stakeholders work remotely, it is helpful to identify the methods used for connectivity. This information can be used when determining the best approach for collaboration, for example, conference calls, desktop sharing, web conferencing, etc. Limiting the business analysis activities to one location or deploying the system with standard configurations will be bad choices. Requesting additional budget and time are irrelevant here. [Business Analysis for Practitioners: A Practice Guide, page 44; The PMI Guide to Business Analysis, page 115-116]
You are a junior business analyst on a team that is analyzing an organization’s operating model. You are currently working with a senior business analyst and helping her prepare for an upcoming elicitation activity. All of the following activities may be performed to prepare for an elicitation activity EXCEPT:
Decomposing epics into smaller user stories
Decomposing epics into smaller user stories is a task the development team needs to assist you with; this is not an elicitation activity. The rest of choices are all valid activities performed to prepare for an elicitation activity. [The PMI Guide to Business Analysis, page 161]
Your team has recently released a new software application in the business. The application has been well-received by the business stakeholders. You want to conduct a formal solution evaluation at this stage. Which of the following is the ideal way to conduct a post-production solution evaluation?
Comparing the actual results of acceptance testing to the expected or desired results.
Solution evaluation activities are performed to assess whether a solution has achieved the desired business results. Solution evaluation consists of the work done to analyze measurements obtained for the solution by comparing the actual results of acceptance testing to the expected or desired results. [The PMI Guide to Business Analysis, page 278]
A product team is developing a product using Agile product development methods. The team is currently struggling with completing their started user stories. You have investigated this further and found out that the team is not appropriately planning their work-in-progress items. Which of the following tools should you recommend the product team use to better manage their work-in-progress items and plan these in accordance to their capacity?
Kanban
Kanban is an adaptive technique in which items are pulled from a backlog and started when other product backlog items are completed. Kanban also establishes work-in-progress limits to constraint the number of product backlog items that can be in progress at any point in time. [The PMI Guide to Business Analysis, page 400]
The product owner has just asked your team to drop a user story from the current sprint. According to the product owner, the business requirements have changed and so have the priorities of the user stories on your Agile project. What should you do next?
Move the story back into the backlog.
The user story is not wanted at this stage. However, it has not been established that it is unwanted. The best course of action is to move the story back into the product backlog where it will be reprioritized. [The PMI Guide to Business Analysis, page 264]
You are analyzing the requirements for a complex ERP system development project. As your next business analysis deliverable, you are required to develop a model that visually shows the complex flow of system use cases. The model is expected to show the user and system interactions and mirror the textual district descriptions of the system use cases. You decide to develop an activity diagram to meet this requirement. Activity diagrams are:
A type of process model
An activity diagram is a type of process model that visually shows the complex flow of use cases. Activity diagrams are like process flows in syntax; however, they commonly show user and system interactions in one diagram and mirror the textual descriptions of use cases. [The PMI Guide to Business Analysis, page 387]
You have been hired as a business analyst into a manufacturing firm. The head of business development has asked you to review how the department manages its sales pipeline and recommend improvements. When you interviewed some senior stakeholders, you were surprised to find out that nobody has a clear idea regarding “who does what?” in the sales pipeline management and rather react to sales opportunities as they come. You call a workshop and invite some key stakeholders to define a new process flow. What should you do next?
Confirm the defined process with a wider stakeholder group.
The problem at hand was that there was no agreed and documented sales pipeline management process. To resolve this problem, you called a stakeholder workshop to define the sales pipeline process flow. As the next step, you need to perform the Confirm Elicitation Results process to validate this process with a wider stakeholder group, i.e., all involved and relevant stakeholders. [The PMI Guide to Business Analysis, pages 170]
You are planning to conduct a requirements elicitation workshop with key stakeholders. The prime goal of the meeting is to come up with a high-level product feature model and schedule subsequent elicitation activities. You decide to use an affinity diagram during this workshop. How can an affinity diagram help in this context?
Affinity diagrams provide a sample format for the development of a feature model.
The feature mode can be used in combination with brainstorming techniques to help stakeholders identify features by focusing on the groupings, similar to an affinity diagram. Affinity diagrams provide a sample format for the development of a feature model. [The PMI Guide to Business Analysis, page 193]
You have scheduled a product team meeting to help you define the story map for the upcoming iteration. Which of the following is the correct way of setting up a story map?
Horizontally, setup the story map to show what will be delivered within an iteration; and vertically, depict the higher-level groupings of the user stories.
Story mapping is a technique used to sequence user stories based upon their business value and the order in which their users typically perform them. Regarding the setup: horizontally, setup the story map to show what will be delivered within an iteration; and vertically, depict the higher-level groupings of the user stories. [The PMI Guide to Business Analysis, page 261]
You are currently assessing the financial viability of a product idea. The steering committed would like to make their decision based on the IRR and payback period associated with the investment. You want to use a technique that would combine the results from the payback period and IRR valuations method. What should you do next?
Create a weighted ranking matrix.
Creating a Pareto chart does not make any sense. Using IRR as a primary valuation technique and using the payback period as a tie breaker or vice versa does not mean that you are combining the results from these two valuations techniques. A weighted ranking matrix is used to weight, rate, and score each criterion against a set of options. This table can be used to combine the results of the two valuation techniques by using these as criteria and assigning weights to these criteria. [The PMI Guide to Business Analysis, page 90]
You have completed the product requirements elicitation activities and documented all the requirements in a requirements management tool. You have used these requirements to identify all product use cases. Which of the following tools should you use to model the flow of these use cases?
Activity diagram
Activity diagrams are types of process flows that can be used for general workflow modeling, but commonly are used to visually show the complex flow of use cases. [The PMI Guide to Business Analysis, page 198]
You have recently been assigned as the lead business analyst on an ERP system design and development project. This is a complex project and the entire system needs to be developed inhouse. Given the costs, time and resource commitment, the senior leadership is not only keen about how you initially develop the business case and conduct the feasibility study, they will also be very interested in how system evaluation activities are performed throughout the product lifecycle. Solution evaluation is usually complex and requires preparation. Which of the following statements regarding preparation for Solution Evaluation is correct?
Solution Evaluation often requires early preparation.
Solution Evaluation often requires early preparation, so that what is needed to perform this work is in place later when evaluation is conducted. [The PMI Guide to Business Analysis, pages 277, 279]
You are leading an Agile project. A business analyst has helped you define the product backlog. However, only the product owner has the authority to prioritize the user stories in the backlog. What decision-making technique does the product owner exercise in the project to prioritize the user stories?
Autocracy
Since the only product owner has the authority to prioritize the user stories, this is the autocratic style of decision making. [The PMI Guide to Business Analysis, page 267]
You are leading a product planning session and the team has selected a few Epics and broken these down into smaller user stories. You now need to sequence these based upon their business value and the order in which their users will typically perform them. Which of the following techniques will help you do this?
Story mapping
Story mapping is a technique used to sequence user stories, based upon their business value and the order in which their users typically perform them, so that teams can arrive at a shared understanding of what will be built. [The PMI Guide to Business Analysis, page 101]
You are auditing a product team’s performance. In order to audit the alignment of the development efforts to the business objectives, which of the following documents should you analyze to understand the scope of the product the developers are working against?
Product backlog
Although the situation statement, the business case, and the project charter should all contain a high-level product scope, these documents are generally not referred to by the developers as the reference for product development. The product backlog lists all the product backlog items—typically user stories, requirements, or features—that need to be delivered for a solution. The product backlog is used by the developers as a reference for all product development activities. [The PMI Guide to Business Analysis, page 213]
You have recently established a team that will work on a new product development project. As a team building activity, you have arranged a workshop. Your team consists of three smaller teams; the business analysts, the project management team, and the product development team. You are explaining to the team the differences between project and product lifecycles. Which of the following statements regarding product lifecycles is incorrect?
A product lifecycle succeeds a project lifecycle.
A product lifecycle encompasses one or more project lifecycles; it doesn’t succeed a project lifecycle. If a project is all about creating a new product, that project lifecycle is part of the overall product lifecycle. [The PMI Guide to Business Analysis, page 15]