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CBAP · Question #238

You are the business analyst for your organization. Management has asked that in the business case you're creating that you also include the projected costs and benefits to be realized and how those…

The correct answer is D. Results measurements. When a business case includes projected costs and benefits along with how those will be assessed and evaluated, that component is called results measurements.

Strategy Analysis

Question

You are the business analyst for your organization. Management has asked that in the business case you're creating that you also include the projected costs and benefits to be realized and how those and benefits will be assessed and evaluated. What term matches management's request?

Options

  • ACost-benefits justification
  • BRisk assessment
  • CSWOT analysis
  • DResults measurements

How the community answered

(44 responses)
  • A
    5% (2)
  • B
    5% (2)
  • C
    11% (5)
  • D
    80% (35)

Why each option

When a business case includes projected costs and benefits along with how those will be assessed and evaluated, that component is called results measurements.

ACost-benefits justification

Cost-benefits justification is the rationale for why benefits outweigh costs, not a component that also defines how costs and benefits will be assessed and tracked over time.

BRisk assessment

Risk assessment identifies and evaluates potential threats and uncertainties to the project, not projected financial outcomes and their measurement criteria.

CSWOT analysis

A SWOT analysis evaluates organizational strengths, weaknesses, opportunities, and threats and does not define how projected costs and benefits will be measured.

DResults measurementsCorrect

Results measurements is the business case component that documents the projected costs and benefits to be realized from the solution, as well as the methods by which those costs and benefits will be assessed and evaluated post-implementation. It provides the benchmark criteria against which the solution's success will be measured. This distinguishes it from cost-benefit justification, which only argues whether benefits outweigh costs.

Concept tested: Business case results measurements component

Source: https://www.iiba.org/standards-and-resources/babok/

Topics

#business case#results measurement#cost-benefit analysis#benefits realization

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