CAP Business Problem Framing Flashcards Preview

CAP > CAP Business Problem Framing > Flashcards

Flashcards in CAP Business Problem Framing Deck (18)
Loading flashcards...
1
Q

Business problem statement

A

A clear description of the issues, typically including the vision, issue statements, and approach; often includes purpose, scope, perspective, likely methodology, and project team

2
Q

Inside-out approach

A

Method for developing a business problem statement that starts with interviewing key managers to draft decision hierarchy and problem statement, continues with interviews of key stakeholders and modifications of drafts, and iterates until we have alignment and agreement

3
Q

Heilmeier’s catechism

A

A set of questions that anyone proposing a research project or product development effort should be able to answer.

4
Q

Bottom-up approach

A

Method for developing a business problem statement that starts with stakeholder interviews, develops decision hierarchy and problem statement, then presents these to client and sponsor for approval of contract

5
Q

Decision hierarchy

A

Method to depict done deals, strategic decisions, and subsequent decisions

6
Q

Client

A

The person or organization who engages an analyst to conduct an analytic project

7
Q

iterative (agile) approach

A

A model development cycle where a team incrementally develops a solution in response to incrementally identified requirements

8
Q

Subsequent decision

A

A decision to be made separately or at a later date

9
Q

Parallel approach

A

A model development cycle where separate components of the model are developed at the same time by separate team members

10
Q

Stakeholder analysis

A

Way to compare the impact of a decision and influence on making the decision for stakeholders; depicted using Mendelow’s matrix: HH = Ownership, HL = Have a Say, LH = Get Buy-In, LL = Awareness

11
Q

Stakeholder

A

People or organizations with an influence on or is impacted by the solution to an analytic problem

12
Q

Done deal

A

A decision that is already made

13
Q

Waterfall approach

A

A model development cycle where initial steps are reviewed and verified as complete before continuing to subsequent steps

14
Q

Subject Matter Expert (SME)

A

An authority in a particular area or topic

15
Q

Sponsor

A

The person or organization who funds the analytic project, provides clearance to access data, and/or owns the problem

16
Q

Strategic decision

A

A decision to be made on the basis of analysis to be done

17
Q

5 W’s

A

Who, what, when, where, why

18
Q

Top-down approach

A

Method for developing a business problem statement that starts with writing a contract with the client and sponsor, proceeds to stakeholder interviews, then develops decision hierarchy and problem statement