Certified Business Analysis Professional Needs Assessment and Business Case Development 2

Question 1

Which financial metric measures the time required for a solution's benefits to recover its initial investment?

Accepted Answer

Payback Period

Answer

Payback period calculates how long it takes for cumulative benefits to equal the initial investment, indicating how quickly the investment is recovered.

Question 2

What does 'SMART' stand for in the context of defining business objectives?

Accepted Answer

Specific, Measurable, Achievable, Relevant, Time-bound

Answer

SMART objectives are Specific, Measurable, Achievable, Relevant, and Time-bound, ensuring goals are clear and evaluable.

Question 3

Which of the following is the MOST important characteristic of a well-written business case?

Accepted Answer

It clearly links the proposed solution to measurable business benefits

Answer

A strong business case clearly connects the proposed solution to specific, measurable business benefits that justify the investment.

Question 4

A company wants to improve customer satisfaction by 20% within one year. What type of requirement does this represent?

Accepted Answer

Business requirement

Answer

A business requirement defines a high-level outcome or goal the organization wants to achieve, such as improving customer satisfaction by 20%.

Question 5

What is the purpose of an 'alternatives analysis' in a business case?

Accepted Answer

To compare multiple solution options and justify the recommended approach

Answer

Alternatives analysis compares different solution options on criteria like cost, risk, and feasibility to justify why the recommended solution is the best choice.

Certified Business Analysis Professional Practice Test

Certified Business Analysis Professional Practice Test

Certified Business Analysis Professional Needs Assessment and Business Case Development 2