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CBAP · Question #115

Holly is the business analyst for her organization. Management has asked Holly to create a document that will define solution alternatives and how each identified solution may provide an expected…

The correct answer is C. Feasibility study. A feasibility study evaluates solution alternatives against a business need and uses quantitative data and statistics to justify the expected business benefit of each option.

Strategy Analysis

Question

Holly is the business analyst for her organization. Management has asked Holly to create a document that will define solution alternatives and how each identified solution may provide an expected business benefit to meet the identified business need. Management has asked Holly to provide data and statistics in this document to support her claims and findings. What type of document is management asking Holly to create?

Options

  • AVision statement
  • BProject scope statement
  • CFeasibility study
  • DCurrent state assessment

How the community answered

(29 responses)
  • A
    3% (1)
  • B
    3% (1)
  • C
    83% (24)
  • D
    10% (3)

Why each option

A feasibility study evaluates solution alternatives against a business need and uses quantitative data and statistics to justify the expected business benefit of each option.

AVision statement

A vision statement articulates a desired future state at a high level and does not compare solution alternatives or include supporting quantitative data.

BProject scope statement

A project scope statement defines the boundaries and deliverables of an already-chosen project, not the analysis or comparison of solution alternatives.

CFeasibility studyCorrect

A feasibility study is a formal analytical document that identifies potential solution alternatives, assesses each alternative's ability to meet the defined business need, and quantifies expected business benefits using supporting data and statistics. It provides objective, evidence-based analysis to inform decision-making before a solution is selected, which matches management's request for alternatives, expected benefits, and data-backed findings.

DCurrent state assessment

A current state assessment documents existing processes and conditions but does not evaluate future solution alternatives or their expected business benefits.

Concept tested: Feasibility study purpose and content definition

Source: https://www.iiba.org/babok-guide/

Topics

#feasibility study#solution alternatives#business case#cost-benefit analysis

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