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The IIBA certification examinations, CBAP, CCBA, and ECBA, play around a lot with respect to language. As one has to take many questions within a stipulated time (one usually gets about 90 seconds) to answer each question. Many questions play around with words where a similar concept word/synonym is used. The BABoK word cloud tries to organize the key terms in BABoK to coherent groups.
Let’s look at the first group – Benefit, Revenue, Savings, and Value. These terms relate to the organization receiving value from the initiative/change. Find explanations for these terms here.
The next group is Goal, Objective, Strategy, and Vision. These are related to what and how the organization wants to achieve its goals. Find explanations for these terms here.
Scale, Transaction volume, Load, Capacity and Throughput form the next set. These terms can interchangeably be used for the scale of operations carried out by an organization. The terms are explained here.
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The fourth group consists of Data, Information, Class, Entity, and Concepts. These terms relate to any information which is useful to the business domain. These can be used to determine project requirements. Definitions of these terms can be found here.
The fifth group, Method, Approach, Plan, and Organizational process assets, relate to the collective ways in which an organization plans to achieve its goals, and solve its problems. Find explanations for these terms here.
Request for information (RFI), Request for proposal (RFP), Request for quote (RFQ) and Request for tender (RFT) form the next group of the BABoK Word Cloud. These are various documents that an organization uses to gather information, solution details, and pricing data relevant during a potential procurement. The terms are further explained here.
The seventh group consists of Activity, Process, Task, and Workflow. These terms relate to various tasks or set of activities undertaken in an organization to achieve its goals. Definitions can be found here.
The next group includes To Be, Future state and Scope. These terms relate to what and how the organization desires its activities/scope of the solution in the future. The terms are defined here.
The group coming next has the terms, View, Requirement, Need, and Expectation. These are all the needs and expectations of an organization and its stakeholders. Find the definitions here.
The tenth group has the terms Risk, Uncertainty and Negative impact. These terms refer to the unknown factors in any business domain, which can pose a challenge to the organization. The terms are explained here.
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Enterprise, Organization, Function, and Department form the next group. These terms relate to the entire organization or a group in the organization performing specific tasks. Find explanations for these terms here.
The next group- Functional decomposition, Bottom-up, and WBS, relate to breaking up any aspect to them manageable. Find detailed definitions here.
The 13th group consists of Current state, As Is and Context. These terms are used in relation to the present situation and how circumstances influence the solution. The terms are explained here.
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The group coming next has the terms, Quality, Verify, Validate and Right for the purpose. These terms are used to denote whether the product/process meet the requirement and have gone through the quality check. Definitions can be found here.
The next group includes the terms Capability, Feature, Function, and Scope. These terms relate to the solution’s functions, capabilities, features, scope, etc. Find explanations for these terms here.
Constraint, Limitations, and Budget form the next group. They are influencing factors which are fixed and restrictive. The terms are explained here.
The 17th group of this Word Cloud has the terms- Sprint, Iteration and Phase. These terms relate to the duration/cycle of project/process. Explanations can be found here.
The next group- Regulation, Policy, and Rule are terms which relate to rules and directives which are followed in and by the organization. Find the definitions here.
The set of terms Solution, Design and Product form the next group. These relate to the end result of an initiative undertaken by the organization. The terms are explained here.
The next group includes the terms User, Customer, and Actor. These are the end users of the product/process, who pay and interact with it. Find explanations for these terms here.
The 21st group consists of the terms Map, Model, and Diagram. These refer to the various representations which are used in an organization to convey the required information. The terms are explained here.
Metrics, Indicator, KPI and Scorecard form the group with the next set of terms. These all relate to indicators/measurements for the performance. Find explanations for these terms here.
The final set of terms in the Word cloud to fall into one group are Cost, Expense, Budget, Time and Material. These refer to the money, time, material and effort used for organizational goals. The terms are explained here.
Value- The worth, importance, or usefulness of something to a stakeholder in a context.
Benefit– Positive output for the organization
Revenue- A Company’s revenue which is earned from its main operations or activities minus expenses, such as financing costs, asset sales, etc.
Savings– Money/effort saved
Goal- Long-term, on-going and qualitative statements of a condition that the organization seeks to establish and maintain. For example, we want to be the most preferred technology partner to our clients.
Objective- Descriptive, granular, specific and linked to measures to objectively assess if the objective has been achieved.
Strategy- A description of the chosen approach to applying the capabilities of an enterprise in order to reach the desired set of goals or objectives.
Vision – A position that the organization wishes to achieve in the long term.
Scale – Magnitude of business/operation
Transaction volume – Number of transactions carried out
Load - Number of transactions carried out in a certain duration
Capacity– Number of transactions that the system can handle
Throughput- Number of transactions carried out in a certain duration
Data – Basic element of information
Information – Useful data
Class- An entity in the object model.
Entity- Anything of interest to the business domain from a data perspective.
Concepts - Anything of interest to the business domain from a business perspective.
Method- A body of methods, techniques, procedures, working concepts, and rules used to solve a problem.
Approach- High-level plan to achieve something.
Plan- A detailed scheme for doing or achieving something usually comprising a set of events, dependencies, expected sequence, schedule, results or outcomes, materials and resources needed, and how stakeholders need to be involved.
Organizational process assets- Documents created by an organization for reuse
Request for information (RFI)- A formal elicitation method intended to collect information regarding a vendor's capabilities or any other information relevant to a potential upcoming procurement.
Request for proposal (RFP)- A requirements document issued when an organization is seeking a formal proposal from vendors. An RFP typically requires that the proposals be submitted following a specific process and using sealed bids which will be evaluated against a formal evaluation methodology.
Request for quote (RFQ)- A procurement method of soliciting price and solution options from vendors.
Request for tender (RFT)- An open invitation to vendors to submit a proposal for goods or services.
Activity – Usually as high-level task
Process- A set of activities designed to accomplish a specific objective by taking one or more defined inputs and turning them into defined outputs.
Task- A discrete piece of work that may be performed formally or informally as part of business analysis.
Workflow – Order of tasks
To Be- The desired future state.
Future state- Desired future state and expected value delivery.
Scope- Scope models describe the scope of analysis or scope of a solution.
Requirement- A usable representation of a need.
Need- A problem or opportunity to be addressed.
Expectation– Something stakeholders expect
Risk- In business, especially insurance, the amount of money a company stands to lose, or the threat of an action or event which will have an adverse effect on a business.
Uncertainty– Something unknown
Negative impact- Value degradation
Enterprise- A Company or business. A business project, often one which is sometimes difficult and/or risky.
Organization- An autonomous group of people under the management of a single individual or board, that works towards common goals and objectives.
Function– Organizational unit performing a specific task
Functional decomposition- Breaks down a large aspect (processes, functional areas, deliverables, scope, or problems) into smaller aspects, as independent as possible, so that work can be assigned to different groups.
Bottom-up – Way to estimate using Functional decomposition
WBS– Decomposition of project deliverable
Current state– Prevailing situation
As Is- The current state.
Context- The circumstances that influence, are influenced by, and provide an understanding of the change.
Quality- The degree to which a set of inherent characteristics fulfills needs.
Validate- The process of checking that a deliverable is suitable for its intended use. See also requirements validation.
Right for the purpose– Can be used effectively
Capability- The set of activities the enterprise performs, the knowledge it has, the products and services it provides, the functions it supports, and the methods it uses to make decisions.
Feature- A distinguishing characteristic of a solution that implements a cohesive set of requirements and which delivers value for a set of stakeholders.
Scope- Scope models describe the scope of analysis or scope of a solution.
Constraint- An influencing factor that cannot be changed, and that places a limit or restriction on a possible solution or solution option.
Limitations– Restriction on some aspect
Sprint– A fixed duration for development
Iteration- A single instance of progressive cycles of analysis, development, testing, or execution.
Phase– Division of change period
Regulation– A rule prescribed by authorities
Policy- A non-practicable directive that controls and influences the actions of an enterprise.
Rule– Something to be followed
Solution- A specific way of satisfying one or more needs in a context.
Design- A usable representation of a solution.
Product- A solution or component of a solution that is the result of an initiative.
User– One who uses the solution
Customer– One who pays for the solution
Actor– Role that interacts with the solution
Map– A diagram to help with movement
Model- A representation and simplification of reality developed to convey information to a specific audience to support analysis, communication, and understanding.
Diagram- A picture
Metrics– A measurement
Indicator– Indicating some aspect
KPI- A key performance indicator (KPI) is one that measures progress towards a strategic goal or objective.
Score card- A score card enabling a business decision.
Cost– Money spent to achieve something
Expense – Money spent
Budget- Allocation of funds or the estimation of costs for a department, project, etc., over a specific period. The management of spending and saving money.
Time- Effort spent
Material– Material used
LN is an astute business analysis & management consultant with 25+ years of professional experience across various industry verticals. He is involved in strategy and curriculum development in his current role of Co-Founder & COO of Adaptive US, the World's #1 IIBA Training Provider. He has transformed the careers of 5000+ BA professionals and is a coach and mentor, having helped 1000+ BA professionals to achieve the coveted IIBA certifications. LN is an avid blogger, author, conference speaker and writes regularly on Business analysis, Project management, and process improvement topics.