Question

(TCO 6) Describe how a business analyst might use decision analysis to identify a situation.

Answer 1

The purpose of business analysis to accurately describe the requirements for an information system.For business analysts, decisionanalysis allows to examine and model theconsequences of different decisions before actually making or remmending a perticular decision.A business analyst migh use decision analysis to identify a situation because decision analysis helps effectively use business rules.He can implement the decision modeling to provide a critical framework for success.With decision analysis,business analyst can identify and describe the deccision and situation for which analytics will be required.Decisions are vital corporate asset.the decision analysis oipen new opportunities for business analyst.By using standard techniques for representing,managing,logic of operational decisions, a business analyst emplement decision analysis. These are the steps of decision analysis by following the business analyst to identify the situatiuon :

1 Frame the decision : Identify the decoision to be made.

2. Identify the alternates :List the possible solutions or outcomes.

3.Evaluate the decision :Choose meythod to perform evaluation.

4. Choose an alternative:Select solutions that best satisfies needs.

5.Conduct sensitivity analysis :Check results for repeatability.

6.Implement the selected alternative.