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Requirements status during the project development cycle is the information that should be reported to the stakeholder who wants to know how the implementation of new features in the development of a product is progressing. The requirements status shows how many requirements are in each stage of the development cycle, such as analysis, design, development, testing, or deployment. This information can help the stakeholder understand the progress and quality of the product development and identify any issues or risks that may affect the delivery of the new features. Distribution of project changes is not relevant to the implementation of new features, as it shows how many changes have been requested, approved, or rejected for the project scope, schedule, cost, or quality. Number of requirements approved vs. number of requirements rejected is not relevant to the implementation of new features, as it shows how many requirements have been accepted or discarded by the stakeholders during the requirements analysis phase. Number of requirements tested and approved is not sufficient to report the implementation of new features, as it only shows how many requirements have passed the verification and validation process, but not how many are still in development or deployment stages. References: Business Analysis for Practitioners: A Practice Guide, page 161-162; PMI Professional in Business Analysis (PMI-PBA)® Examination Content Outline, page 19.

Competitive analysis is a technique to compare the strengths and weaknesses of similar products or services offered by competitors in the same market. Competitive analysis can help to identify opportunities, threats, and gaps in the market, and to develop strategies to increase sales and customer satisfaction. Competitive analysis can be used to identify solutions for the startup company that sells organic vegetable and fruit smoothies by comparing their best-selling juice with similar products offered by competitors. The other techniques are not suitable for this purpose. Benchmarking is a technique to compare the performance of a product, service, or process with a standard or best practice. Trend analysis is a technique to analyze historical data or patterns to forecast future outcomes or behaviors. Focus group is a technique to elicit opinions, preferences, or feedback from a representative group of customers or users. References: PMI-PBA® Examination Content Outline, page 11; PMI-PBA® Reference List, page 1, BABOK® Guide v3, page 51.

 The business analyst must perform a cost-benefit analysis in order to complete the business case and arrive at a solid recommendation. A cost-benefit analysis is a technique that compares the costs and benefits of different options or alternatives for solving a business problem or achieving a business opportunity. A cost-benefit analysis helps to evaluate the return on investment (ROI), the net present value (NPV), and the payback period of each option, and to select the most optimal one based on the business value and the strategic alignment. References: PMI Professional in Business Analysis (PMI-PBA)® Examination Content Outline1, page 10; Business Analysis for Practitioners: A Practice Guide2, page 40.

To reduce the amount of time and effort needed to create a product specification for a project, the business analyst plans to reuse requirements. Requirements are statements that describe the needs, expectations, or capabilities of the stakeholders or the solution. Requirements can be reused from previous or similar projects, as long as they are relevant, consistent, and compatible with the current project context and objectives. Reusing requirements can help to save time and effort, avoid duplication or redundancy, leverage best practices, and ensure quality and compliance. Quantitative analysis is not something that the business analyst plans to reuse to reduce the amount of time and effort needed to create a product specification for a project. Quantitative analysis is a technique that involves using numerical data and methods to measure, compare, or evaluate the feasibility, value, or impact of a solution or an alternative. Quantitative analysis can be performed for different purposes and at different stages of the project, but it does not provide requirements for the product specification. Risk assessments are not something that the business analyst plans to reuse to reduce the amount of time and effort needed to create a product specification for a project. Risk assessments are techniques that involve identifying and analyzing potential threats or uncertainties that may affect the project or the solution. Risk assessments can help to prioritize, mitigate, or monitor risks, but they do not provide requirements for the product specification. Qualitative analysis is not something that the business analyst plans to reuse to reduce the amount of time and effort needed to create a product specification for a project. Qualitative analysis is a technique that involves using descriptive data and methods to understand, interpret, or evaluate the characteristics, behaviors, or perceptions of the stakeholders or the solution. Qualitative analysis can be performed for different purposes and at different stages of the project, but it does not provide requirements for the product specification. References: Business Analysis for Practitioners: A Practice Guide 1, page 114-115; PMI Professional in Business Analysis (PMI-PBA)® Examination Content Outline 2, page 17-18.

A decision tree is a tool that can be used to analyze how the system responds to various combinations of input conditions with the probability of each outcome. A decision tree is a graphical representation of a decision problem that shows the possible choices and their consequences. A decision tree can help to evaluate the expected value of each alternative and choose the optimal one. Functional decomposition is a tool that can be used to break down a complex system or process into smaller and simpler components. Expected monetary value is a tool that can be used to calculate the average outcome of a decision under uncertainty by multiplying the value of each outcome by its probability and summing them up. Weighted criteria is a tool that can be used to prioritize requirements or alternatives based on their importance and performance scores. References: PMI Professional in Business Analysis (PMI-PBA)® Examination Content Outline1, page 15; Business Analysis for Practitioners: A Practice Guide2, page 95.

The business case provides the rationale for the project and includes an analysis of the costs and benefits. It is used to assess risks, including the potential need to cancel the product. References: PMI-PBA® Examination Content Outline, Business Analysis for Practitioners: A Practice Guide.

 According to the PMI Guide to Business Analysis, a use case is a technique that describes how an actor interacts with a system or a process to achieve a specific goal. A use case can help to prevent problems from occurring in the implementation of a new application, as it can capture the functional requirements and the expected behavior of the system or the process, as well as the exceptions and alternative flows. A use case can also help to design and execute test cases that cover all the possible scenarios and outcomes. In this case, a use case could have prevented the problem of a worker using a field that was not supposed to be used, as it could have specified the valid inputs and outputs for the report, and the actions and responses of the system or the process. Prototyping, diagrams, and document analysis are other techniques that can help to analyze and communicate requirements, but they do not necessarily prevent problems from occurring in the implementation of a new application, as they do not describe the interactions and outcomes of the system or the process in detail. References: PMI Guide to Business Analysis, page 165-166.

Functional specifications are a type of requirements documentation that describes what the system or product should do in terms of functions, features, behaviors, inputs, outputs, etc. Functional specifications can help the business analyst to document the requirements in a way that is clearly understood by the development team and provides enough information to check if the requirement has been met. Functional specifications can also include acceptance criteria, test cases, data models, user interface designs, etc. References: = PMI Professional in Business Analysis (PMI-PBA)® Examination Content Outline (2019), page 10; Business Analysis for Practitioners: A Practice Guide (2015), page 39.

 Moscow analysis is a tool or technique that the business analyst can use with the stakeholders to prioritize the requirements to determine which requirements are approved, deferred, or rejected. Moscow analysis is a method of categorizing requirements into four groups: must-have, should-have, could-have, and won’t-have. Must-have requirements are essential and non-negotiable for the project success. Should-have requirements are important but not critical for the project success. Could-have requirements are desirable but not necessary for the project success. Won’t-have requirements are out of scope or low priority for the current project. Moscow analysis can help to identify the most valuable and feasible requirements that can be delivered within the available time and budget. It can also help to manage stakeholder expectations and resolve conflicts or disagreements on the priority of the requirements. SMART goals is a tool or technique that can be used to define clear and measurable objectives for a project or a process, but it does not help to prioritize the requirements. SMART goals are specific, measurable, achievable, relevant, and time-bound. SWOT analysis is a tool or technique that can be used to assess the strengths, weaknesses, opportunities, and threats of a project or a process, but it does not help to prioritize the requirements. SWOT analysis can help to identify the internal and external factors that affect the project or process performance and quality. Timeboxing analysis is not a standard tool or technique in business analysis, but it may refer to a method of allocating a fixed amount of time for each task or activity in a project or a process, but it does not help to prioritize the requirements. Timeboxing analysis can help to manage time and resources efficiently and effectively. References: PMI Professional in Business Analysis (PMI-PBA)® Examination Content Outline1, page 15; Business Analysis for Practitioners: A Practice Guide2, page 95.

According to the PMI Guide to Business Analysis, a context diagram is a model that shows the boundaries of an area of analysis, such as a project, a system, a process, or an organization. A context diagram depicts the main entities or actors involved in the area of analysis, and the interactions or data flows between them. A context diagram can help to ensure the most effective representation of analysis boundary, as it provides a high-level overview of the scope and context of the area of analysis, and helps to identify the key stakeholders and their relationships. A context diagram can also help to communicate and validate the scope and context with the stakeholders, and to identify any assumptions or risks related to the area of analysis. A data flow diagram, a state diagram, and an entity relationship diagram are other models that can help to analyze an area of analysis, but they do not necessarily show the boundary or scope of it. References: PMI Guide to Business Analysis, page 158-159.