What does the Business Analysis Core Concept Model (BACCM) consist of?

The Business Analysis Core Concept Model (BACCM) is a framework that outlines the fundamental concepts important to the practice of business analysis. It consists of six key concepts: Need, Change, Solution, Stakeholder, Value, and Context. Each of these concepts plays a crucial role in understanding the core activities and objectives of business analysis.

The concept of Need refers to the underlying requirements or challenges that necessitate a change. Change represents the transformation or modification that is proposed or implemented. Solution refers to the means by which the change will be realized. Stakeholders are the individuals or groups that are affected by or can influence the change. Value pertains to the benefits or outcomes that result from the solution, and Context encompasses the environment or circumstances surrounding the business analysis effort.

This model helps business analysts to frame their activities, ensure alignment with stakeholder expectations, and generate value through a thorough understanding of the requirements and dynamics at play. Therefore, the BACCM is fundamental to effective business analysis practices, making option B the accurate choice.