You are the business analyst for your organization and are planning the business analysis approach. One of the techniques you are considering for this undertaking is to rate the available methodologies against the organizational needs and objectives.
Which of the following terms describes the business analysis technique that you are currently considering in this scenario?
Decision analysis is a business analysis technique used to evaluate and compare different options or methodologies against organizational needs and objectives. This method helps to identify the best course of action by considering the potential outcomes and their alignment with business goals. It involves assessing various criteria such as risks, uncertainties, and the available information to make well-informed decisions.
Option B: Decision analysis is correct as the question is asking you to rate available methodologies against business goals and objectives. And you will do it with Decision Analysis technique.
Ans D: Only process modeling technique is mentioned in 3.1.6. BABO V3 page 30.
Decision Analysis: used to compare different change strategies and choose which is most appropriate.
Ans D: Techniques used in 3.1 Plan Business Analysis Approach
Answer B : Decision analysis Structured walkthrough is now known under "review"
Babok V3: page 161, 7.6.6: Decision Analysis: used to support the assessment and ranking of design options
Decision Analysis is correct BABOK v3 pg 261 Decision analysis helps business analysts evaluate different outcome values under conditions of uncertainty or in highly complex situations. A variety of decision analysis approaches are available. The appropriate approach depends on the level of uncertainty, risk, quality of information, and available evaluation criteria. Effective decision analysis requires an understanding of: • the values, goals, and objectives that are relevant to the decision problem, • the nature of the decision that must be made, • the areas of uncertainty that affect the decision
Decision analysis assesses available options and chooses the best course of action