Certified Business Analysis Professional (CBAP) Practice Test

The term that refers to business factors or conditions recognized as true but subject to change during a project is assumptions. Assumptions are integral to project planning as they help establish the foundation upon which the project is built. In business analysis and project management, identifying assumptions allows teams to acknowledge uncertainties and potential risks that may impact the project's progress or outcomes.

Recognizing assumptions is crucial because it aids in risk management. When the assumptions change, it may necessitate revisiting project plans and strategies, which can subsequently affect project scope, timelines, and costs. This understanding facilitates better preparedness and adaptability in project execution.

In contrast, guesses refer to estimates lacking supporting evidence or justification, declarations often indicate statements of fact rather than conditions, and constraints typically represent fixed limitations on project resources or scope rather than variable conditions.