What are the six components of the Business Analysis Core Concept Model?
Hint: VSN SCC
Value, Solution, Need, Stakeholders, Context, Change
What are the four SA Tasks?
Hint: CFRS
Analyze Current State
Define Future State
Assess Risks
Define Change Strategy
True or False: The higher the ROI, the better the investment
True
What component of the the SA core concept model has the following definition?
Consider enterprise-wide contexts when developing the change strategy.
Context
What SA task has the following purpose?
Determine the set of necessary conditions to meet the business need.
Define Future State
Fishbone Diagram and Five Whys are examples of what technique?
Root Cause Analysis
What component of the the SA core concept model has the following definition?
Determine needs arising from the current state.
Prioritize those needs in determining the future state.
Need
What SA task includes the following outputs?
Change Strategy and Solution Scope
Define Change Strategy
In SWOT Analysis, what is internal to the enterprise and what is external to the enterprise?
Internal: Strengths, Weaknesses
External: Opportunities, Threats
Define the Change component of the SA Core Concept Model.
Define future state and develop a change strategy to achieve that future state
What is the purpose of task, Analyze Current State?
Understand the reasons why an enterprise needs to change some aspect of how it operates and what would be directly or indirectly affected by the change.
What is the difference between Decision Analysis and Decision Modeling?
Decision Analysis: Explores and models the key aspects of a complex decision when there are a limited number of alternatives to objectively determine the value of alternate outcomes
Decision Modeling: Visually displays the data and knowledge used to make repeatable business decisions in the future
Define the Value component of the SA Core Concept Model.
Examine the potential value of the change when determining the feasibility of the change.
What are the five elements to the task, Assess Risks?
1. Unknowns
2. Constraints, assumptions, and dependencies
3. Negative impact to value
4. Risk tolerance
5. Recommendation
SIPOC is a common method within Process Analysis. What does it stand for?
Supplier
Inputs
Process
Outputs
Customer