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BCS Foundation Certificate in Business Analysis V4.0 Sample Questions (Q39-Q44):

NEW QUESTION # 39
John has been working on a business case for opening up the overseas market to new products He has been asked to document the risks What SHOULD he do to ensure they are appropriately recorded? Select the TWO that apply

A. Document the source of each risk
B. Create a RAID log
C. Identify an owner for each risk
D. Impact assessment of each countermeasure identified
E. Provide justification or each countermeasure identified

Answer: B,C

Explanation:
When documenting risks in a business case, it is essential to follow structured processes to ensure risks are appropriately identified, analyzed, and managed. Let's evaluate each option again based on best practices outlined in the BCS Business Analysis Framework and other methodologies:
Key Considerations:
Risk Documentation: Risks must be recorded systematically to ensure they are visible, actionable, and traceable.
Ownership of Risks: Assigning ownership ensures accountability and clarity about who is responsible for monitoring and mitigating each risk.
Risk Management Lifecycle: The process typically involves identification, documentation, assessment, ownership assignment, and response planning.
Evaluation of Each Option:
A . Create a RAID log
A RAID log (Risks, Assumptions, Issues, and Dependencies) is a widely used tool in business analysis and project management for capturing and managing risks systematically.
It provides a centralized repository for tracking risks, assumptions, issues, and dependencies, ensuring that risks are documented comprehensively and transparently.
This aligns with best practices for risk management and is a critical first step in ensuring risks are appropriately recorded.
Conclusion: This is a must-do action.
B . Document the source of each risk
While documenting the source of each risk can provide valuable context, it is not a mandatory or primary step in the initial documentation phase.
Sources of risks are often identified during risk analysis or root cause analysis, which occurs after risks have been recorded.
Although useful, this step is secondary to creating a RAID log and assigning ownership.
Conclusion: This is not the most critical action at this stage.
C . Identify an owner for each risk
Assigning ownership for each risk is a fundamental part of risk management. Without clear ownership, risks may remain unmonitored or unaddressed.
Ownership ensures accountability and helps streamline communication and decision-making regarding risk mitigation strategies.
According to the BCS Business Analysis Framework , identifying risk owners is a key responsibility during the risk documentation process.
Conclusion: This is a must-do action.
D . Provide justification for each countermeasure identified
Justifying countermeasures is part of the risk response planning phase, which occurs after risks have been documented, assessed, and prioritized.
At this stage, John's focus should be on identifying and recording risks, not on evaluating or justifying solutions.
Conclusion: This is not relevant at the documentation stage.
E . Impact assessment of each countermeasure identified
Similar to option D, impact assessments for countermeasures are conducted during the risk response planning phase, not during the initial documentation phase.
This step is premature and does not align with the immediate need to document risks.
Conclusion: This is not relevant at the documentation stage.
Final Recommendation:
Based on the BCS Business Analysis Framework and industry best practices, the two most appropriate actions for John are:
Create a RAID log (to systematically document risks).
Identify an owner for each risk (to ensure accountability and clarity).
These steps ensure that risks are appropriately recorded and managed, laying the foundation for effective risk management.

NEW QUESTION # 40
Which of the following techniques can be used to pull together the results of an analysis of the external and internal business environment of an organisation?

A. Balanced business scorecard.
B. Resource audit.
C. SWOT analysis.
D. Five-forces model.

Answer: C

NEW QUESTION # 41
Which of the following is explicitly considered as a force in Porter's five forces model?

A. Government legislation.
B. Bargaining power of buyers.
C. Internal business processes.
D. Rivalry between suppliers.

Answer: B

NEW QUESTION # 42
In which stage of the business analysis process model would the business analyst produce a business case?

A. Considering perspectives.
B. Evaluating the options.
C. Defining the requirements.
D. Analysing the needs

Answer: B

NEW QUESTION # 43
In which of the following business analysis areas does the traditional systems analyst role primarily operate?

A. Specifying IT system requirements.
B. Defining the needs of the business.
C. Implementing business changes.
D. Quantifying costs and benefits.

Answer: A

NEW QUESTION # 44
......

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BCS PC-BA-FBA-20 Dumps Material Formats

Quiz BCS - Marvelous PC-BA-FBA-20 - Most BCS Foundation Certificate in Business Analysis V4.0 Reliable Questions

BCS Foundation Certificate in Business Analysis V4.0 Sample Questions (Q39-Q44):

Pass Guaranteed Quiz BCS Marvelous PC-BA-FBA-20 - Most BCS Foundation Certificate in Business Analysis V4.0 Reliable Questions

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