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 A request for quote (RFQ) is a document that invites vendors to provide a price quote for their products or services based on a detailed statement of work (SOW). The SOW describes the scope, specifications, deliverables, and acceptance criteria of the solution that the organization needs. The RFQ allows the organization to compare different vendors based on their prices and capabilities, and to select the best one for the project.

References: The information is verified as per the CCBA Learning documents and resources, which outline the standards and practices for business analysis. You can find more information about the RFQ and the SOW in the CCBA guide1 and the BABOK Guide2 available through the IIBA website and bookstore3. You can also find some useful resources and sample questions from other sources.

The business analysis planning approach process is the task of deciding how the business analysis work will be performed, including the activities, deliverables, roles, resources, tools, and techniques that will be used12. The three inputs to this process are3:

• Business need: The problem or opportunity that the organization is facing and that requires a change in the current state.
• Organizational process assets: The policies, procedures, standards, guidelines, and templates that the organization has established and that may influence the business analysis approach.
• Expert judgment: The knowledge and experience of the business analyst and other stakeholders who can provide guidance and recommendations for the business analysis approach.

Risk and rewards analysis is not an input to the business analysis planning approach process, but rather a technique that can be used to evaluate the potential benefits and drawbacks of different business analysis approaches or solution options4. References:

• 1: Business Analysis Expert Certification, CCBA® | IIBA®
• 2: Business Analysis Process Flow: Step by Step Tutorial - Guru99
• 3: Business Analysis Planning Sneak Peek - Project Management Institute
• 4: Business Analysis Techniques - ECBA, CCBA, CBAP Endorsed

The matrix documentation approach is used to specify and model requirements that are complex but uniform in structure. This means that the requirements can be broken down into simple elements that can be inputted into a matrix. A matrix is a rectangular array of numbers, symbols, or expressions, arranged in rows and columns. Matrices can be used to represent various types of requirements, such as data dictionaries, gap analysis, requirements traceability, and business rules analysis. Matrices can help to communicate information to a specific audience, confirm information, identify information gaps, and prevent the duplication of information. References:

• Specifying and modeling requirements – The Functional BA
• Selecting Requirements Documentation Techniques for Software Projects: a Survey Study

To find the minimum amount of funds the organization should invest in this project, we need to calculate the present value of the future cash flow, using the formula:

PV=(1+r)nFV​

where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.

Plugging in the given values, we get:

PV=(1+0.06)42,750,000​

PV=2,178,257.57

Therefore, the minimum amount of funds the organization should invest in this project is $2,178,257.57. References:

• Capability in Business Analysis™ (CCBA®) Handbook, page 14
• A Guide to the Business Analysis Body of Knowledge® (BABOK® Guide), page 40
• Business Analysis Expert Certification, CCBA® | IIBA®