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PMI Professional in Business Analysis exam Dumps

PMI-PBA exam Format | Course Contents | Course Outline | exam Syllabus | exam Objectives

Exam Detail:
The PMI-PBA (PMI Professional in Business Analysis) exam is designed to validate the knowledge and skills of professionals in the field of business analysis. Here are the exam details for the PMI-PBA exam:

- Number of Questions: The exam consists of multiple-choice questions. The exact number of questions may vary, but it is typically around 200 questions.

- Time Limit: The time allotted to complete the exam is 4 hours.

Course Outline:
The PMI-PBA certification program covers a comprehensive range of subjects related to business analysis. The course outline typically includes the following domains:

1. Needs Assessment:
- Define business problems and opportunities.
- Conduct feasibility studies.
- Identify and analyze stakeholders.

2. Planning:
- Develop business analysis plans.
- Identify and analyze risks.
- Determine the appropriate requirements gathering techniques.

3. Analysis:
- Elicit requirements from stakeholders.
- Analyze, prioritize, and validate requirements.
- Model requirements using appropriate techniques.

4. Traceability and Monitoring:
- Establish requirements traceability.
- Manage changes to requirements.
- Monitor and report on requirements.

5. Evaluation:
- Verify and validate requirements.
- Assess and validate solutions.
- Evaluate business benefits and value.

6. Tools and Techniques:
- Requirements management tools.
- Business analysis techniques.
- Communication and collaboration tools.

Exam Objectives:
The objectives of the PMI-PBA exam are as follows:

- Assessing candidates' understanding of business analysis principles, practices, and techniques.
- Evaluating candidates' ability to analyze business problems and opportunities.
- Testing candidates' proficiency in requirements gathering, analysis, and validation.
- Assessing candidates' knowledge of business analysis planning and monitoring.
- Evaluating candidates' understanding of stakeholder management and communication.

Exam Syllabus:
The specific exam syllabus for the PMI-PBA exam covers the following topics:

1. Needs Assessment:
- Business problems and opportunities.
- Feasibility studies.
- Stakeholder identification and analysis.

2. Planning:
- Business analysis planning.
- Risk identification and analysis.
- Requirements gathering techniques.

3. Analysis:
- Eliciting requirements.
- Requirements analysis and prioritization.
- Requirements modeling.

4. Traceability and Monitoring:
- Requirements traceability.
- Change management.
- Requirements monitoring and reporting.

5. Evaluation:
- Requirements verification and validation.
- Solution assessment and validation.
- Benefits evaluation.

6. Tools and Techniques:
- Requirements management tools.
- Business analysis techniques.
- Communication and collaboration tools.

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PMI Professional in Business Analysis
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Question: 188
A stakeholder wants to modify an existing feature. Which of the following would be used to determine the scope of the change on the
product?
A. Sequence diagram
B. Requirements traceability matrix
C. Requirements attributes table
D. Project schedule and cost baseline
Answer: B
Reference: https://opentextbc.ca/projectmanagement/chapter/chapter-9-scope-planning-project-management/
Question: 189
A company�s management team has decided to deploy a new product. However, there is concern that users may not accept a new product that
forces them to change existing practices.
The business analyst should:
A. adhere to the project plan to achieve project objectives.
B. clearly communicate project objectives and attempt to defuse tensions.
C. delay the application�s deployment until the conflicts have been resolved.
D. voice user concerns to management and recommend that the project be closed.
Answer: B
Question: 190
A company is developing a new e-commerce platform to enter a new market segment. Development is well under way when the government
issues a new set of regulations.
Which course of action should the business analyst take?
A. Check the traceability matrix to identify affected use cases.
B. Evaluate if the new set of regulations is aligned with the business case.
C. Evaluate the impact of the change on the project schedule.
D. Obtain management sign-off on the new set of regulations.
Answer: C
Question: 191
Requirements elicitation for a project is occurring. The marketing, acquisition, and production departments want to include specific
requirements. The CEO has a requirement to deploy in three months.
Which of the following actions will have a greater influence on the project success?
A. Estimate the effort required for each requirement and develop as many functionalities as possible.
B. Prioritize and develop the requirements of the marketing department since the project will impact a greater number of people.
C. Conduct a stakeholder analysis and balance requirements by understanding the relative power associated with each stakeholder
group.
D. Explain the situation to the CEO and try to obtain an extension of the contract for the genuine time necessary to develop the system.
Answer: C
Question: 192
A business analyst is reviewing a discrepancy report after a test session. The discrepancy report has revealed a defect that the business analyst
must address.
Which of the following criteria should the business analyst use to identify the appropriate response to the defective test result?
A. Perform an impact analysis and open a change request to include the revised requirement in the next baseline.
B. Inspect the requirements traceability matrix to verify if the requirement is connected to a use case.
C. Determine if the defect is in the solution developed, in the original requirement or in the test case.
D. Verify that the corresponding requirement was appropriately signed off by the requesting stakeholder.
Answer: C
Reference: https://www.wisdomjobs.com/e-university/business-analyst-tutorial-3/validate-solution-12447.html
Question: 193
During validation of a project solution, the business analyst discovers that a requirement has been altered. Instead of placing the company logo
in the upper-left corner of the window, it is displayed in the upper-right corner. When the business analyst asks the developer about the
change, the developer says that one of the stakeholders asked directly for the change.
Which correct action should the business analyst take?
A. Confront the stakeholder that requested the change.
B. Follow the change control process as defined in the business analysis plan.
C. Discuss the change in the next stakeholder meeting.
D. Ask the developer to correct the logo as stated in the requirement.
Answer: C
Question: 194
A business analyst is conducting a cost-benefit analysis of potential solution options. The stakeholders have indicated that the estimated
growth rate is very important to them.
Which technique will allow the business analyst to determine this information?
A. Net present value (NPV)
B. Payback period
C. Return on investment (ROI)
D. Internal rate of return
Answer: A
Question: 195
During user acceptance testing, a defect is logged by a user from a department that did not participate in the requirements analysis. To avoid
this situation and minimize impact on the project, the user should have been:
A. interviewed to understand how the user�s work would be impacted.
B. involved in the development and sign-off of the business requirements.
C. given the opportunity to review the user acceptance test scripts.
D. identified as a stakeholder as part of the stakeholder analysis.
Answer: D
Question: 196
A business analyst is leading a project to implement automated order entry software at a local pizza restaurant. The business analyst has very
little information about the project: the ordering process takes too long and often ends in incorrect orders.
What step should the business analyst take next?
A. Identify testing resources to support the implementation.
B. Request information on the current ordering process and compare it with other companies.
C. Select the software to implement and start working with the technical resources.
D. Schedule a requirements gathering sessions with the manager of the ordering department.
Answer: D
Question: 197
After a project was delivered, the business analyst learns of a project objective with no associated requirement. What would have helped
determine this issue before delivery?
A. Context diagram
B. Use cases
C. Tracing requirements
D. Process flow
Answer: C
Reference: https://www.pmi.org/learning/library/top-five-causes-scope-creep-6675
Question: 198
A business analyst has been asked to investigate a problem. This investigation will provide input towards developing a business case. The
business analyst wants to first understand the company�s current business processes.
Which technique should the business analyst use?
A. MoSCoW
B. RACI matrix
C. Observation
D. User stories
Answer: C
Reference: https://kissflow.com/bpm/business-process-analysis/
Question: 199
The customer and the business analyst are collaborating in the development of a solution scope. It is important for the customer to:
A. spend the time required to provide, clarify, and elaborate requirements.
B. communicate changes to requirements only when they are completely defined.
C. perform an alternatives analysis for requirements implementation.
D. challenge assessments of the cost and feasibility of requirements.
Answer: A
Question: 200
A business analyst is developing a traceability matrix to determine whether or not any gaps exist and to identify any discrepancies.
Which critical field is needed to ensure that the traceability matrix is usable?
A. Hierarchy
B. Requirements description
C. Status
D. Owner
Answer: B
Reference: https://www.softwaretestinghelp.com/requirements-traceability-matrix/
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PMI-PBA in Cheatsheet

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how to cast off PMI As soon As feasible

everybody knows that purchasing a home is high priced as heck—but the listing of added charges linked to purchasing a home can also be surprising. aside from closing expenses, there are domestic inspections to pay for, attorney costs—and perhaps deepest loan insurance (PMI).

Lenders require you to pay for PMI in the event you put down below 20% on the property—near one in five mortgages require PMI in the U.S. It’s a big fee—as an awful lot as 2% of the loan volume. the key factor to take note about PMI is that it’s coverage that protects the lender, but is customarily paid for by means of the borrower—it really is, you. Lender-paid mortgage insurance exists, but in these cases, the lender will usually roll the fees into the can charge of the mortgage, so that you don’t shop anything with that alternative. PMI is expensive, so if you’re deciding to buy it, be sure to are trying to dispose of it as straight away as possible—and you have some options.

Do nothing

Your first, and probably most high priced, choice is to effortlessly do nothing aside from make your monthly payments. PMI will be instantly canceled for those who attain 22% fairness within the domestic in line with the long-established price of the loan, or when you reach the midway factor of the personal loan time period (for example, 15 years right into a 30-year loan).

Your lender can pinpoint precisely should you’ll hit that 22% mark, and that date should still be within the mortgage forms. if you can’t discover it, your lender can tell you. the key requirement for PMI to be canceled on this date is that you simply’re existing to your mortgage.

however ready round for PMI to head away might possibly be essentially the most expensive choice. There are how you can put off that pesky PMI price quicker.

Appreciation

Your mortgage turned into based on the appraised price of the home at the time the personal loan became written, but that value adjustments over time because of a couple of competencies components:

improvements: Did you add square pictures? finish a basement? Your domestic’s cost can also have extended.

Market elements: Are buildings for your regional promoting for greater than they had been should you have been residence-searching? The market might also have raised your home’s cost however you probably did nothing special to it.

if your domestic’s price has long gone up, you have extra equity within the home. If that skill you have got 20% equity or extra, that you would be able to contact your lender and request the cancelation of the PMI in your loan. This not best removes that PMI price a lot sooner (doubtlessly years earlier than it’s scheduled to conclusion), it additionally capacity a lessen goal number, since you don’t must shoot for 22% equity.

There’s some possibility right here, because you will doubtless have to pay for a fresh appraisal of the home to show its value and your new equity stake in it; if the appraisal doesn’t go your manner, you’ll lose that funds (usually about $300-$four hundred). however before doing anything else, contact your lender—they can also have a listing of authorised appraisers you’ll be required to use, and you are looking to be certain they don’t have some other suggestions around canceling PMI you should be aware of.

Pay aggressively

a further alternative for getting rid of PMI faster is to pay extra against your loan. Many lenders allow you to split your payments into bi-month-to-month chunks, which equates to creating a further fee each year, and a lot of will additionally will let you add more money in opposition t the principle of your mortgage each and every month. by aggressively overpaying your mortgage, that you could get to 20% or 22% fairness faster, and get rid of that PMI either during the reappraisal process or by using hitting that automatic cancelation metric.

Refinancing

One closing way to get rid of PMI quicker is to refinance the loan. whereas this can require some added math to make certain your total prices in reality go down (taking into consideration the new activity expense, new month-to-month charge, and different expenses), if the brand new personal loan leaves you with 20% equity (or greater), it won’t require PMI.

One approach to believe is what’s known as a “PiggyBack” loan. here's truly two mortgages that steer clear of the 20% rule that customarily triggers PMI. essentially, you've got one mortgage that covers 80% of the quintessential personal loan, and the leisure of the domestic’s can charge is split between a 2nd, smaller personal loan and your down charge.

for example, if you’re buying a house value $250,000 and might handiest put $25,000 down, a personal loan of $225,000 would trigger PMI. but a 2nd loan of $25,000 ability your main loan can be just $200,000, and you wouldn’t need PMI. which you can refinance into a PiggyBack mortgage setup, casting off latest PMI.

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PMI Professional in Business Analysis exam Dumps

PMI-PBA exam Format | Course Contents | Course Outline | exam Syllabus | exam Objectives

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