A business analyst (BA) is working on a project involving the purchase of a commercial off-the- shelf (COTS) product. All internal risks have been identified and assessed. What is the BA's next…

The correct answer is B. Assess external risks. After assessing internal risks, the BA mustevaluate external risks, such asvendor stability, market trends, and regulatory impacts, to ensure the chosen COTS solution remains viable. BABOK® Guide (Chapter 10.37 - Risk Analysis and Management)states that risk assessment must…

Business Analysis Planning and Monitoring

Question

A business analyst (BA) is working on a project involving the purchase of a commercial off-the- shelf (COTS) product. All internal risks have been identified and assessed. What is the BA's next course of action?

Options

AConsult the business case
BAssess external risks
CPerform an environmental scan
DReview the business objectives

How the community answered

(34 responses)

A
3% (1)
B
88% (30)
C
6% (2)
D
3% (1)

Explanation

After assessing internal risks, the BA mustevaluate external risks, such asvendor stability, market trends, and regulatory impacts, to ensure the chosen COTS solution remains viable. BABOK® Guide (Chapter 10.37 - Risk Analysis and Management)states that risk assessment must includeexternal factors, including vendor reliability and external dependencies. Consulting the business case (Option A)provides project justification but does not assess risks. Environmental scans (Option C)analyze broader industry trends but are not risk-specific. Reviewing business objectives (Option D)aligns strategy but does not assess external risks.

Topics

#risk assessment#external risks#COTS#risk management

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