Certified Business Analysis Professional (CBAP) — Question 311

Gina has been asked to provide decision analysis for her solution scope.
Which one of the following best describes the decision analysis technique?

Answer options

• A. Assessed to support benefit management, measurement, and reporting.
• B. Used to assess potential risks that may impact the solution and the cost and benefits associated with it.
• C. Forecasts the size of the investment required to deploy and operate the proposed solution.
• D. Cost-benefit analysis compares the cost of implementing a solution against the benefits gained. Financial analysis includes the use of financial models that estimate the market value of an organizational asset.

Correct answer: D

Explanation

The correct answer, D, accurately describes cost-benefit analysis, which evaluates the costs of implementing a solution against the benefits gained. Option A focuses on benefit management, which is related but does not specifically define decision analysis. Option B addresses risk assessment rather than decision analysis, and option C pertains to investment forecasting, which is also not a description of decision analysis.