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8 Cards in this Set
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A technique used to discover - Industry best practices- - Learning from others experience - Recommend best practiced solution(s) - Competitive Analysis - one form of this tech. - Compare organization's own characters against features and functions to determine changes needed to meet or exceed the expcation |
Bench Marking technique is an important one for Enterprise Analysis knowledge area |
Companies contact with similar companies to see how they work/use the solutions; gain information about their experiences or best practices; then adopt all good features or points of the solution. results are provided to management in business case to support the selection decision. |
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A technique provides formal process for making decisions when needed. Financial analytical techniques are used List of Lists or definition questions can be tested |
Decision Analysis - a technique which provides a formal process for making decisions and mathematics to assist with decision-making |
Decision Analysis involves various tools to analyze outcomes, uncertainty, and trade offs. |
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Methamatical elements of Decision Making- 1. Discounted Cash flow, 2. Net Present Value, 3. Internal Rate of return, 4. average rate of return, 5. pay back period 6. Cost Benefit Analysis |
Discounted Cash Flow: future value of cash flows discounted to todays value NetPresent Value: Future value a project might bring less its calculated value today Internal Rate of Return : hypothetical annual yield of an investment Average rate of return: average ratio of money earned or lost over some period of time Pay Back period: length of time for an investment to pay for itself Cost Benefit Analysis: quantify costs and expected benefits |
These are few mathematical techniques used to financial decision making. When a decision involves conflicting objectives or results, trade-offs may become necessary. Increased time and cost are two significant trade offs. |
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Decision trees are used for making decisions where there multiple options. They are visuals, |
Discounted Cash Flow (DCF): time value of money. Net Present Value (NPV): time value of money; estimated future value a project might bring - less its calculated present value. NPV <0, not a good investment Internal Rate of Return (IRR): annual yield of investment: IRR > what financial market pays for similar risks, it will be good investment ROI: Avg ratio of money earned or lost over a period of time PayBack Period: time for an investment to pay for itself. Cost Benefit Analysis (CBS): quantifying costs and expected benefits after considering costs, adjusted for their time-value |
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Stated requirements must reflect actual business requirements as opposed to describing solutions. |
Stated requirements should not explain what type of solution is needed. |
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Output of a business architecture is Business Process Model. |
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BA starts work from understanding a flowchart; context diagram is a top-level data flow diagram. Data Flow Diagrams are used as part of a structured analysis approach. They are used to get an understanding of the range of data within the domain. BABOK 9.6.4; 9.27.3. |
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Brainstorming can produce creative ideas quickly. BABOK 9.3.2 and 9.3.4.
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