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Case-study 1:
You are the Business Analyst for "InvestApp," a project aimed at developing a new mobile application to help customers manage their personal investments at FinServCo. The project’s goals include enabling customers to view their investment portfolios in real-time, receive personalized investment recommendations, and ensure compliance with the latest regulatory requirements.
During a requirement gathering meeting with stakeholders, the Product Manager suggested adding a feature that sends real-time investment recommendations to customers. However, the IT Development Team expressed concerns about the technical complexity and the time required to implement this feature within the tight project deadline.
After further discussion with the Product Manager, you discovered that this feature is not a regulatory requirement but is intended to differentiate the app from competitors. Meanwhile, the Compliance Department emphasized the critical need to implement strong data privacy measures due to recent changes in financial regulations.
Question 1:
Which of the following actions should you take first to ensure the project meets both business objectives and regulatory requirements?
- A. Immediately request the IT Development Team to start working on the real-time investment recommendation feature.
- B. Prioritize implementing data privacy measures as a "Must Have" and propose deferring the real-time recommendation feature to a later phase.
- C. Conduct a focus group with customers to validate the need for the real-time recommendation feature.
- D. Schedule a workshop with all stakeholders to redefine the project scope and timelines.
Question 2:
Which technique would you use to gather detailed requirements for data privacy measures from the Compliance Department?
- A. Document Analysis
- B. Interviews
- C. Observation
- D. Questionnaires
Question 3:
During the prioritization process, which method would help you categorize requirements based on their importance and feasibility?
- A. SWOT Analysis
- B. MoSCoW Method
- C. Root Cause Analysis
- D. Brainstorming