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Exam CBAP topic 1 question 294 discussion

Actual exam question from IIBA's CBAP
Question #: 294
Topic #: 1
[All CBAP Questions]

A business analyst (BA) at a regional bank has recently been assigned to assist on a project to expand into new markets. The chief executive officer (CEO) envisions the bank as a national brand and has asked the chief financial officer (CFO) to monitor project progress closely. The project manager (PM) has asked the BAs on the team to recommend an appropriate business analysis approach.
Based on the nature of the project and the industry, which approach should they recommend?

  • A. An unstructured approach utilizing informal team interaction, model-driven documentation standards, and iterative requirements development
  • B. An agile approach with frequent team interaction, adaptive documentation standards, and iterative requirements development
  • C. A moderate approach utilizing the bank's existing waterfall project lifecycle and documentation deliverables not requiring formal approval
  • D. A formal approach with planned team interaction, agreed upon documentation deliverables requiring formal approval, and front-loaded requirements development
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
Reference: IIBA BABOK v3 (p. 378)

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ekmode
Highly Voted 2 years, 11 months ago
I think the answer is D- Formal/Predictive Approach, as Banking is a highly regulated industry with High Risk and predictive approaches are more suitable for this type of industry.
upvoted 15 times
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786NB786
Highly Voted 2 years, 7 months ago
D= A formal approach with planned team interaction, agreed upon documentation deliverables requiring formal approval, and front-loaded requirements development As per page 27 Figure 3.1.1
upvoted 6 times
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Farooq_95
Most Recent 2 months, 3 weeks ago
Selected Answer: D
A formal predictive approach is the correct option. This is because Bank is a highly regulated and a high-risk industry and the bank's project of expansion into new markets calls for compliance, security, business and other aspects to be considered. Further, bank cannot afford to bear upfront uncertainty in the project. Based on these facts, formal (or predictive) approach works best which focus on minimizing upfront uncertainty and ensuring that the solution is defined before implementation begins in order to maximize control and minimize risk. (BABOK v3 3.1.4.1 Para 2)
upvoted 3 times
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moririn
1 year, 1 month ago
Selected Answer: B
I think B is answer because , "expand into new markets" means Agile approach is suitable.
upvoted 1 times
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