Questions with 100% Correct Answers |
Latest Update
3 Levels of Risk Tolerance - 🧠ANSWER ✔✔Risk-aversive (Avoids high-
risk/uncertainty or Reduce risk at expense of potential value)
Neutral (Accept some risk as long as action does not incur loss if risk
occurs)
Risk-seeking (Accepts/Absorbs more risk for higher potential value)
Adaptive approach AKA Agile - 🧠ANSWER ✔✔Balances swift delivery of
value and high degree of uncertainty
Exploratory in terms of determining best solution
1
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,May involve incremental improvement of a current solution
Definitions provided via team interaction and feedback on existing solution
Affinity map - 🧠ANSWER ✔✔A technique to put related concepts together.
AKA group sticky notes by areas. Often used after brainstorming
Balanced Scorecard - 🧠ANSWER ✔✔Manage performance WITHIN
business in some form. Focused outcome. Red Yellow Green status
update
Prioritization Categories - 🧠ANSWER ✔✔Benefit
Penalty
Cost
Risk
Dependencies
Time sensitivity
Stability
Regulatory/Policy compliance
2
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
,Bench-marking and Market Analysis - 🧠ANSWER ✔✔Conducted to
improve organizational operations, increase customer satisfaction, and
increase value to stakeholders
Business Analysis Planning & Monitoring - 🧠ANSWER ✔✔Involves
planning the work of the business analysis engagement and monitoring
progress against the plan
Business Capability Analysis - 🧠ANSWER ✔✔provides a framework for
scoping and planning by generating a shared understanding of outcomes,
identifying alignment with strategy, and providing a scope and prioritization
filter.
Business Cases - 🧠ANSWER ✔✔provides a justification for a course of
action based on the benefits to be realized using the proposed solution as
compared to the cost, effort, and other considerations to acquire and live
with that solution. Captures the rationale for undertaking a change.
Frequently presented in a formal document.
Business Model Canvas - 🧠ANSWER ✔✔Describes how an Enterprise
creates, delivers, and captures value for and from its customers.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, Comprised of nine building blocks to describe how an organization intends
to deliver value.
Business Need - 🧠ANSWER ✔✔A problem an organization is trying to
solve or an opportunity the organization is tying to take advantage of.
Foundation for an entire project. Single most important activity that a
business analyst can be involved with.
Business Process Analysis - 🧠ANSWER ✔✔This type of analysis is used in
any methodology that is aiming to improve process performance.
Business Requirement - 🧠ANSWER ✔✔A representation of goals,
objectives and outcomes that describe why a change has been initiated
and how success will be assessed.
Risk Actions - 🧠ANSWER ✔✔Accept
Transfer
Avoid
Mitigate
Share
4
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED