Gina has been asked to provide decision analysis for her solution scope. Which one of the following best describes the decision analysis technique?
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.
Decision analysis involves evaluating different options using financial and non-financial criteria to determine the best course of action. This often includes techniques such as cost-benefit analysis, financial modeling, and assessing return on investment (ROI). The goal is to support decision-making by comparing costs, benefits, and risks of proposed solutions, making Option D the best description of the decision analysis technique.
As per BABOK v3 10.16.1, Decision analysis formally assesses a problem and possible decisions in order to determine the value of alternate outcomes under conditions of uncertainty.
As option B assess the potential risks that may impact the solution, hence it is correct.
Solution Scope? then We are in Strategy Analysis. Decision Analysis: used to compare different change strategies and choose which is most appropriate.(Page 130 Babok 3)
It is actually a direct quote from the definition of decision analysis in babok v2. That's the only way this makes sense.
This is one of those questions that you would be better off ignoring as far as v3 is concerned.
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