CBAP · Question #12
You are the business analyst for your organization and are working on prioritizing the project requirements. Management has asked you to prioritize the requirements based on the cost- benefit…
The correct answer is A. Business value. Prioritizing requirements based on cost-benefit analysis and organizational value corresponds to the business value basis for prioritization.
Question
You are the business analyst for your organization and are working on prioritizing the project requirements. Management has asked you to prioritize the requirements based on the cost- benefit analysis for the requirements' value to the organization. What basis for prioritization are you using in this instance?
Options
- ABusiness value
- BStakeholder agreement
- CLikelihood of success
- DUrgency
How the community answered
(51 responses)- A75% (38)
- B8% (4)
- C4% (2)
- D14% (7)
Why each option
Prioritizing requirements based on cost-benefit analysis and organizational value corresponds to the business value basis for prioritization.
Business value prioritization ranks requirements according to the benefit or return they provide to the organization relative to their cost to implement. Cost-benefit analysis is the primary technique used to quantify business value, comparing financial or strategic gains against implementation costs. This approach ensures that requirements delivering the highest return on investment are addressed first, maximizing the project's overall outcome.
Stakeholder agreement prioritization is based on achieving consensus among stakeholders on relative importance, not on a financial or cost-benefit calculation.
Likelihood of success prioritization ranks requirements by the probability that implementation will achieve the desired result, not by their calculated financial value or benefit.
Urgency prioritization ranks requirements by time sensitivity and critical deadlines, not by the financial benefit or cost-benefit ratio they represent to the organization.
Concept tested: Requirements prioritization by business value
Source: https://www.iiba.org/career-resources/a-business-analysis-body-of-knowledge/babok/
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