IIBA Updated CBAP Exam Questions and Answers by myah

 A formal review with the stakeholders is a way to validate the elicitation results and ensure that nothing is missed or misunderstood. The review can also help to build trust and confidence among the stakeholders and the BA. The other options are not directly related to addressing the sponsor’s concerns. References: CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 5: Elicitation and Collaboration, p. 173-174; [A Guide to the Business Analysis Body of Knowledge (BABOK Guide), Version 3], Chapter 4: Elicitation and Collaboration, Section 4.4: Confirm Elicitation Results, p. 107-108.

Risk management is the process of identifying, analyzing, responding, and monitoring the risks that may affect the project or the organization. Risk management helps to minimize the negative impacts and maximize the positive opportunities of the uncertainties and assumptions. Risk management involves setting the risk tolerance, which is the level of risk exposure that the organization is willing to accept. Risk management also involves identifying the potential risks, which are the factors that may jeopardize the project or the organization’s objectives. Risk management also involves prioritizing the tolerance for risk, which is the order of importance of the risks based on their probability and impact. Risk management is an iterative and continuous process that should be performed throughout the project life cycle and at different levels of the organization. References: [IIBA BABOK Guide v3], section 11.1, page 384; CBAP / CCBA Certified Business Analysis Study Guide, chapter 5, page 227; CBAP Sample Questions, question 232.

 A scribe is a participant who has to keep the minutes and details of the conversation during interviews. A scribe is a person who records the key points, questions, answers, and action items that are discussed during the interview. A scribe helps to capture the information accurately and completely, as well as to document any assumptions, issues, or risks that arise during the interview. A scribe also helps to prepare and distribute the interview notes and follow-up actions to the relevant stakeholders. A scribe can be a business analyst, a stakeholder, or a third-party facilitator, depending on the availability and suitability of the role. References: IIBA BABOK Guide v3, section 4.2.5.2, page 116; CBAP / CCBA Certified Business Analysis Study Guide, chapter 4, page 178; Free CBAP CBAP® Exam Questions - IIBA CBAP Exam - Study4Exam, question 240.

 Developing a project charter is the process of developing a document that formally authorizes a project or a phase. A project charter is a high-level document that defines the project vision, objectives, scope, deliverables, stakeholders, roles and responsibilities, assumptions, constraints, risks, and success criteria. It also identifies the project sponsor, the project manager, and the project budget and schedule. The project charter provides the direction and guidance for the project and serves as a reference point for future decisions and changes. The project charter is usually created by the project sponsor or the customer, in collaboration with the project manager and the business analyst, and approved by the key stakeholders. References: [IIBA BABOK Guide v3], section 5.1.1, page 161; [CBAP / CCBA Certified Business Analysis Study Guide], chapter 6, page 233; CBAP Sample Questions, question 245.