BABOK V3 CBAP Study Guide: Strategy Analysis Questions and Answers 2023

BABOK V3 CBAP Study Guide: Strategy Analysis Questions and Answers 2023 Knowledge Area: Strategy Analysis Contains the following tasks: 1) Analyze Current State 2) Define Future State 3) Assess Risks 4) Define Change Strategy BACCM in Strategy Analysis 1) Change: Define the future state & develop a change strategy to achieve the future state. 2) Need: Identify needs within the current state & prioritize needs to determine the desired future state. 3) Solution: Define the scope of a solution as part of developing a change strategy. 4) Stakeholder: Collaborate with stakeholders to understand the business need to develop a change strategy & future state that will meet those needs. 5) Value: Examine the potential value of the solution to determine if a change is justified. 6) Context: Consider the context of the enterprise in developing a change strategy. Strategy Analysis: Inputs/Outputs Task: Analyze Current State Purpose: Understand the reasons why an enterprise needs to change, and what would be directly or indirectly affected by the change. Description: Start with why. Change occurs within a context of existing stakeholders, processes, technology, and policies. Inputs: Elicitation Results, Needs Elements: 1) Business Needs: Different levels of the enterprise (top-down [strategic], bottom-up [problem with current process, function, or system], middle management [more information needed/additional functions needed], external drivers [customer demands or business competition]). Make sure to separate out from solution. 2) Organizational Structure & Culture: Impacts communication channels and relationships. Cultural assessment is done to identify if changes are required, if the stakeholders understand the rationale for the current state, and whether stakeholders view current state is satisfactory or if a change is needed. 3) Capabilities & Processes: BA can analyze from either perspective. 4) Technology & Infrastructure 5) Policies 6) Business Architecture 7) Internal Assets 8) External Influencers: Industry structure, competitors, customers, suppliers, political/regulatory environment, technology, macroeconomic factors Analyze Current State: Guidelines & Tools Business Analysis Approach Enterprise Limitation Organizational Strategy Solution Limitation Solution Performance Goals Solution Performance Measures Stakeholder Analysis Results Analyze Current State: Techniques Benchmarking & Market Analysis Business Capability Analysis Business Model Canvas Business Cases Concept Modelling Data Mining Document Analysis Financial Analysis Focus Groups Functional Decomposition Interviews Item Tracking Lessons Learned Metrics & Key Performance Indicators Mind Mapping Observation Organizational Modelling Process Analysis Process Modelling Risk Analysis & Management Root Cause Analysis Scope Modelling Survey or Questionnaire SWOT Analysis Vendor Assessment Workshops Analyze Current State: Stakeholders Customer Domain Subject Matter Expert End User Implementation Subject Matter Expert Operational Support Project Manager Regulator Sponsor Supplier Tester Analyze Current State: Output Current State Description Business Requirements Task: Define Future State Purpose: Determine the set of necessary conditions to meet the business need. Description: Include a definition of success. Defined to a level that allows for competing strategies to be identified & assessed, provides a clear definition of outcomes that will satisfy the business need, details the scope of the solution space, allows for the value associated with the future state to be assessed. Inputs: Business Requirements Elements: 1) Business Goals & Objectives. Can be at a higher level with supporting, more specific sub-goals. SMART. 2) Scope of Solution Space. 3) Constraints. Budget, time, technology, infrastructure, policies, resources, skills, impacted stakeholders, regulations. 4) Organizational Structure & Culture 5) Capabilities & Processes 6) Technology & Infrastructure 7) Policies 8) Business Architecture 9) Internal Assets 10) Identify Assumptions 11) Potential Value Define Future State: Guidelines & Tools Current State Description Metrics & Key Performance Indicators Organizational Strategy Define Future State: Techniques Acceptance & Evaluation Criteria Balanced Scorecard Benchmarking & Market Analysis Brainstorming Business Capability Analysis Business Cases Business Model Canvas Decision Analysis Decision Modelling Financial Analysis Functional Decomposition Interviews Lessons Learned Metrics & Key Performance Indicators Mind Mapping Organizational Modelling Process Modelling Prototyping Scope Modelling Survey or Questionnaire SWOT Analysis Vendor Assessment Workshops Define Future State: Stakeholders Customer Domain Subject Matter Expert End User Implementation Subject Matter Expert Operational Support Project Manager Regulator Sponsor Supplier Tester Define Future State: Output Business Objectives Future State Description Potential Value Task: Assess Risks Purpose: Understand the undesirable consequences of internal/external forces on the enterprise in the transition to the future state. Description: Includes identifying, analyzing, and managing risks. Opportunities (positive risk) are captured as needs, and not risks. Inputs: Business Objectives, Elicitation Results (confirmed), Influences, Potential Value, Requirements (prioritized) Elements: 1) Unknowns 2) Constraints, Assumptions, & Dependencies 3) Negative Impact to Value 4) Risk Tolerance (risk aversion, neutrality, risk-seeking) 5) Recommendation Assess Risks: Guidelines & Tools Business Analysis Approach Business Policies Change Strategy Current State Description Future State Description Identified Risks Stakeholder Engagement Approach Assess Risks: Techniques Brainstorming Business Cases Decision Analysis Document Analysis Financial Analysis Interviews Lessons Learned Mind Mapping Risk Analysis & Management Root Cause Analysis Survey or Questionnaire Workshops Assess Risks: Stakeholders Domain Subject Matter Expert Implementation Subject Matter Expert Operational Support Project Manager Regulator Sponsor Supplier Tester Assess Risks: Output Risk Analysis Results - understanding of risks and mitigation strategies.