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CAPM Practice: Demonstrate an understanding of business analysis (BA) roles and responsibilities

Question 31 of 67 in Demonstrate an understanding of business analysis (BA) roles and responsibilities

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What is a 'feasibility study' and what role does the BA play in conducting one?

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Correct answer: An analysis evaluating whether a proposed solution is technically, financially, and operationally viable, with the BA often leading or contributing to it

Explanation

A feasibility study assesses solution viability across multiple dimensions: technical (can we build it?), financial (is the ROI acceptable?), and operational (can the organization adopt it?). BAs often lead this analysis as part of solution selection.

**Why not A:** A market study comparing competitive products is competitive analysis or market research, not a feasibility study. A feasibility study evaluates whether a proposed solution is technically, financially, and operationally viable, not how it compares to competitor offerings.

**Why not C:** A study examining team skills is a skills assessment or training needs analysis, not a feasibility study. Feasibility studies assess solution viability across technical, financial, and operational dimensions, not individual team member competencies.

**Why not D:** A regulatory compliance review is a specific subset of operational feasibility, not a comprehensive feasibility study. A full feasibility study assesses technical capability, financial viability, and operational readiness — regulatory compliance is only one aspect of the operational dimension.

Key Concept

This question covers Demonstrate an understanding of business analysis (BA) roles and responsibilities under Demonstrate an understanding of business analysis (BA) roles and responsibilities (Business Analysis Frameworks).

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