Here you have the best IIBA CBAP practice exam questions
The term used to describe the cost of the solution after the solution has been implemented in production by a vendor is 'Total cost of ownership'. This encompasses not just the initial acquisition costs, but also the costs of using and maintaining the solution over its entire lifecycle. These include operational expenses, maintenance, upgrades, and support costs. Thus, it provides a comprehensive view of the overall expenses associated with a solution after deployment.
Enterprise analysis (known as strategy analysis in BABOK v3) involves defining the business needs, assessing capability gaps, determining the solution approach, defining the solution scope, and developing a business case. Solution approach is specifically an output of the enterprise analysis tasks. This involves identifying possible solution approaches to achieve the business objectives, considering various factors, and recommending the most feasible one.
The project team typically does not participate in the prioritization of requirements. The prioritization process generally involves stakeholders who have a higher level of responsibility and decision-making authority, such as the project manager, implementation subject matter experts, and domain subject matter experts. The project team's role is primarily to execute the tasks and deliverables as prioritized by these key stakeholders.
A model is a representation and simplification of reality developed to convey information to a specific audience to support analysis, communication, and understanding. Among the given options, 'Models abstract and simplify reality' best describes what a model is in the context of business analysis. Models help stakeholders understand complex requirements and the overall project by providing a simplified view of the actual requirements and project elements.
The business analysis communication plan describes the stakeholder groups, communication needs, and the level of formality that is appropriate for the requirements. This plan is designed to outline the types of communications the business analyst will perform, identify the recipients of those communications, and specify the form and frequency of the communication efforts. This ensures that all stakeholders are adequately informed and that the communication process is organized in a manner that supports the project's goals and requirements.