CAPM Domain 4: Business Analysis Frameworks Welcome to your CAPM Domain 4: Business Analysis Frameworks 1. CAPM: Business Analysis Frameworks Which of the following techniques is MOST effective in identifying underlying requirements in a complex project? A. Brainstorming B. Requirement elicitation via prototypes C. Stakeholder interviews D. Document analysis None 2. CAPM: Business Analysis Frameworks In the context of business analysis, which diagram technique is best used for understanding and documenting system processes and flows? A. Gantt Chart B. Fishbone Diagram C. Data Flow Diagram D. SWOT Analysis None 3. CAPM: Business Analysis Frameworks Which tool or technique is most beneficial for prioritizing the requirements based on their value to stakeholders and the project's objectives? A. Cost-benefit analysis B. MoSCoW method C. Pareto analysis D. Requirement traceability matrix None 4. CAPM: Business Analysis Frameworks In which phase of the business analysis process would you primarily conduct a stakeholder analysis? A. Planning and Monitoring B. Elicitation and Collaboration C. Requirements Life Cycle Management D. Strategy Analysis None 5. CAPM: Business Analysis Frameworks What is the primary purpose of utilizing a Balanced Scorecard in business analysis? A. To track and manage project schedule B. To evaluate organizational performance from multiple perspectives C. To assess the quality of project deliverables D. To document the business requirements None 6. CAPM: Business Analysis Frameworks Which analysis technique is most effective for determining the root cause of a problem by identifying its contributing factors? A. PESTLE Analysis B. Monte Carlo Simulation C. Root Cause Analysis D. Benchmarking None 7. CAPM: Business Analysis Frameworks What is the main benefit of applying the SWOT Analysis in project management? A. Identifying the project schedule B. Analyzing the project's strengths, weaknesses, opportunities, and threats C. Estimating project costs D. Determining project scope None 8. CAPM: Business Analysis Frameworks When applying the Pareto principle in business analysis, what is the expected outcome? A. Equal importance given to all requirements B. 80% of problems are caused by 20% of causes C. Stakeholder expectations are managed through negotiation D. All projects will be completed within budget None 9. CAPM: Business Analysis Frameworks Which document is essential for ensuring that all project requirements are met and aligned with the project's objectives? A. Project scope statement B. Business case C. Requirements traceability matrix D. Stakeholder register None 10. CAPM: Business Analysis Frameworks What is the key advantage of using the Fishbone (Ishikaw A. Diagram during problem-solving sessions? A) It allows for a detailed project schedule B. It identifies all possible causes of a problem in a structured manner C. It provides a direct solution to the problem D. It outlines the project budget None 11. CAPM: Business Analysis Frameworks In business analysis, what is the primary focus of the 'Requirements Life Cycle Management' knowledge area? A. Defining project costs and budget B. Managing and maintaining requirements from inception to retirement C. Establishing the project team and roles D. Conducting market research None 12. CAPM: Business Analysis Frameworks What technique is used to facilitate a structured exploration of all possible outcomes of a decision and their impacts on a project? A. Risk Matrix B. Decision Tree Analysis C. Critical Path Method D. Earned Value Analysis None 13. CAPM: Business Analysis Frameworks Which approach in business analysis is primarily focused on minimizing waste and maximizing value through continuous improvement? A. Waterfall Methodology B. Lean Methodology C. Agile Methodology D. Six Sigma None 14. CAPM: Business Analysis Frameworks What is the main goal of the Value Chain Analysis in business analysis? A. To identify the project's critical path B. To map out the organization's strategic advantages C. To understand how activities within an organization create value for customers D. To allocate project resources effectively None 15. CAPM: Business Analysis Frameworks In business analysis, which tool is most effective for visualizing the relationships among various components of a complex system? A. Workflow Diagrams B. System Dynamics Modeling C. Gantt Charts D. Use Case Diagrams None 16. CAPM: Business Analysis Frameworks Which technique helps in identifying the impact of external environmental factors on a project's success? A. PESTLE Analysis B. Resource Breakdown Structure C. WBS (Work Breakdown Structure) D. RACI Matrix None 17. CAPM: Business Analysis Frameworks How is Monte Carlo Simulation used in business analysis? A. To create a detailed project schedule B. To analyze the probability of completing tasks within budget and time constraints C. To assign tasks to project team members D. To develop a project budget None 18. CAPM: Business Analysis Frameworks What purpose does the Use Case Diagram serve in business analysis? A. To track project expenses B. To represent the actions that a system can perform with external users C. To assign project roles and responsibilities D. To document project scope None 19. CAPM: Business Analysis Frameworks In the context of project management, what is the primary focus of Gap Analysis? A. Identifying differences between current project status and desired goals B. Documenting the work required to complete a project C. Calculating the budget needed for project completion D. Establishing a project timeline None 20. CAPM: Business Analysis Frameworks Which methodology advocates for adaptive planning, evolutionary development, early delivery, and continual improvement, and encourages rapid and flexible response to change? A. Agile Methodology B. Waterfall Methodology C. PRINCE2 D. Six Sigma None 21. CAPM: Business Analysis Frameworks What is the primary objective of conducting a Stakeholder Impact Analysis in business analysis? A. To determine the financial impact of a project B. To identify how different stakeholders will be affected by a project C. To allocate project resources D. To schedule project tasks None 22. CAPM: Business Analysis Frameworks How does a Business Model Canvas assist in business analysis? A. By outlining the project's budgetary requirements B. By defining project deliverables C. By providing a visual chart with elements describing a firm's value proposition, infrastructure, customers, and finances D. By scheduling project activities None 23. CAPM: Business Analysis Frameworks Which analysis tool is best suited for identifying the strategic fit between an organization's internal capabilities and external opportunities? A. Cost-Benefit Analysis B. SWOT Analysis C. Pareto Chart D. Resource Histogram None 24. CAPM: Business Analysis Frameworks In business analysis, what is the main objective of conducting an Earned Value Analysis (EV A. A) To identify the root cause of defects B. To assess the project's performance against the baseline C. To estimate the time required to complete a project D. To allocate resources efficiently across projects None 25. CAPM: Business Analysis Frameworks Which technique is crucial for understanding the stakeholders' power, interest, and influence over a project? A. Stakeholder Mapping B. Critical Path Method C. Delphi Technique D. Benchmarking None 26. CAPM: Business Analysis Frameworks What is the purpose of applying the Critical Success Factor (CSF) method in business analysis? A. To identify the financial viability of project investments B. To determine key areas that must be successfully managed to achieve project objectives C. To assess the project team's performance D. To evaluate the technical feasibility of a project None 27. CAPM: Business Analysis Frameworks How does the Kanban methodology aid in business analysis and project management? A. By fixing the schedule for project deliverables B. By minimizing waste through lean production C. By visualizing work, limiting work in progress, and maximizing efficiency D. By ensuring compliance with regulatory standards None 28. CAPM: Business Analysis Frameworks In business analysis, what is the primary purpose of utilizing a Responsibility Assignment Matrix (RAM), such as a RACI chart? A. To track project expenses B. To prioritize project risks C. To assign and clarify roles and responsibilities in project tasks D. To document technical specifications None 29. CAPM: Business Analysis Frameworks What role does Business Process Modeling Notation (BPMN) play in business analysis? A. It serves as a guideline for project budgeting B. It provides a standardized method for documenting business processes C. It is used to allocate resources to project phases D. It helps in identifying potential project sponsors None 30. CAPM: Business Analysis Frameworks Which tool is used in business analysis to depict the flow of information through a system and its processes, identifying inputs and outputs? A. Entity-Relationship Diagram 'ERD' B. Gantt Chart C. Control Flow Diagram D. Context Diagram None 1 out of 30 Time is Up! Time's up
