Certification of Capability in Business Analysis CCBA IIBA Study Notes

Dependencies are the relationships between requirements that indicate that one requirement is contingent on another requirement. Dependencies can affect the feasibility, value, and risk of the requirements, and therefore, they should be taken into account when prioritizing the requirements. The business analyst should identify and document the dependencies between the requirements, and analyze how they impact the project scope, schedule, and budget. The business analyst should also communicate the dependencies to the business owner and other stakeholders, and help them to prioritize the requirements based on the dependencies and the business objectives. References: BABOK Guide v3, page 156; CCBA Mock Test, question 7

The BA and the stakeholders should review the priorities when they receive detailed estimates of time required to develop each report based on business requirements. This means that they should reassess and adjust the relative importance or urgency of each report based on its value, feasibility, risk, and dependency. They should also consider factors such as stakeholder expectations, resource availability, schedule constraints, and quality standards.

The other options are incorrect because:

• Option A is incorrect because revising business requirements is not an action that the BA and stakeholders take when they receive detailed estimates of time required to develop each report based on business requirements. Business requirements are high-level statements of goals, objectives, needs, or problems of stakeholders or an organization. Business requirements are not revised based on estimates, but based on changes in stakeholder needs or expectations.
• Option B is incorrect because writing functional report specifications is not an action that the BA and stakeholders take when they receive detailed estimates of time required to develop each report based on business requirements. Functional report specifications are detailed descriptions of how each report should look and behave in terms of layout, content, format, functionality, etc. Functional report specifications are written based on business requirements, not based on estimates.
• Option D is incorrect because analyzing technical constraints is not an action that the BA and stakeholders take when they receive detailed estimates of time required to develop each report based on business requirements. Technical constraints are limitations or restrictions imposed by the technology, system, or solution that affect its design, development, or implementation. Technical constraints are analyzed based on solution requirements, not based on estimates.

References:

• BABOK Guide v3, section 10.43: Prioritization
• CCBA Exam Questions, question 12

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit1. Assets are reported on a company’s balance sheet and are classified as current, fixed, financial, or intangible1. Among the four options given, only brand reputation can be considered an intangible asset, as it is not a physical or financial item, but rather a result of customer perception, recognition, and loyalty2. Brand reputation can generate cash flow, reduce expenses, or improve sales for a company by attracting and retaining customers, enhancing pricing power, and creating competitive advantage2. The other three options are not assets, but rather expenses or liabilities. Store maintenance expenses are costs incurred to keep the physical assets in good condition and working order3. Interest mounting on bank loan is the amount of money that a company owes to its lenders for borrowing funds4. Online shopping website is not an asset by itself, but rather a platform that may require investment and maintenance to operate and generate revenue. Therefore, the correct answer is brand reputation. References: 1(https://www.investopedia.com/terms/a/asset.asp),  2(https://www.investopedia.com/terms/b/business-asset.asp),  3(https://en.wikipedia.org/wiki/Asset),  4(https://www.iiba.org/business-analysis-certifications/ccba/ )

The BA should assess the impact of the forthcoming legislation immediately when it is logged in the action items register. This is because assessing the impact of a change is a technique that involves analyzing how a change affects the existing or proposed solution, business processes, stakeholders, or organization. Assessing the impact of the forthcoming legislation immediately can help the BA to identify and mitigate any potential risks or issues that might have an impact on the proposed architecture and plan accordingly. The other options are not as urgent or appropriate as assessing the impact immediately. References:

• BABOK Guide, section 10.16: Impact Analysis
• CCBA Practice Test, question 115