CAPM Business Analysis Frameworks Practice Question
A business analyst is working on a project to replace a legacy accounting system. The organization operates in a highly regulated environment, and the new system must comply with strict financial reporting standards. The BA needs to ensure that all regulatory requirements are captured and traceable throughout the project lifecycle. Which action best ensures that regulatory requirements are properly managed?
⚠ Common exam trap
The trap here is assuming that a vendor's standard package or a general compliance statement automatically satisfies regulatory requirements without specific elicitation and documentation.
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Conduct a compliance-focused workshop with legal and finance stakeholders to identify and document all regulatory requirements.
Regulatory requirements must be elicited from authoritative sources and documented in a way that allows traceability. A compliance-focused workshop with legal and finance stakeholders ensures that all relevant regulations are identified, understood, and captured as specific requirements. This approach also supports the creation of a requirements traceability matrix, which is essential for demonstrating compliance during audits and throughout the project lifecycle.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Conduct a compliance-focused workshop with legal and finance stakeholders to identify and document all regulatory requirements.
Why this is correct
A compliance-focused workshop brings together legal and finance experts who understand the regulatory landscape. This collaborative approach ensures that all relevant regulations are identified and documented early. It also creates a shared understanding and buy-in, which is critical for traceability. By involving these stakeholders from the start, the BA can establish a requirements traceability matrix that links each regulatory requirement to its source, design, and test cases, ensuring compliance throughout the lifecycle.
- ✗
Ask the IT team to research regulatory requirements and incorporate them into the technical design.
Why it's wrong here
IT teams are typically focused on technical implementation, not regulatory interpretation. They may lack the expertise to identify all applicable financial regulations. The BA should facilitate elicitation with legal and finance experts who understand the regulatory environment. Delegating this to IT risks incomplete or inaccurate requirements, leading to compliance gaps and potential penalties.
- ✗
Rely on the vendor's standard accounting package, which is already used by other organizations in the same industry.
Why it's wrong here
While a vendor package may have built-in compliance features, assuming it meets all regulatory requirements without verification is risky. Regulations can vary by jurisdiction and change over time. The BA must still elicit and document specific requirements and validate that the package meets them. Relying solely on the vendor's claims does not ensure traceability or compliance for this organization's unique context.
- ✗
Include a general statement in the requirements document that the system must comply with all applicable regulations.
Why it's wrong here
A general statement is too vague and does not provide actionable requirements. It fails to identify specific regulations, making it impossible to verify compliance or trace requirements. In a highly regulated environment, such an approach risks missing critical details and can lead to audit failures. The BA must elicit and document specific, testable regulatory requirements rather than relying on a catch-all clause.
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JA
Written and reviewed by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
Last reviewed September 2026 · checked against the official PMI exam blueprint
This CAPM practice question is part of Courseiva's free PMI certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CAPM exam.