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?
Correct Answer: B
Explanation
Decision analysis is a business analysis technique that involves evaluating the feasibility, benefits, risks, and impacts of various options and selecting the best one based on predefined criteria and stakeholder preferences.
In this scenario, the business analyst is considering using decision analysis to rate the available methodologies against the organizational needs and objectives, and to choose the most suitable one for the business analysis approach. Decision analysis can help the business analyst to align the business analysis activities with the project and enterprise goals, and to optimize the value delivery of the solution. References:
BABOK Guide, p. 66-67
CBAP / CCBA Certified Business Analysis Study Guide, p. 133
Certified Business Analysis Professional (CBAP) | Coursera, Course 1, Week 2, Video: "Business Analysis Planning and Monitoring"