What is a primary outcome of 'Elicitation and Collaboration'?

Study for the IIBA BABOK v3 Exam. Engage with flashcards and multiple-choice questions, each with hints and explanations. Boost your exam readiness!

The primary outcome of 'Elicitation and Collaboration' is establishing stakeholder relationships and requirements. This phase is crucial in the business analysis process as it involves engaging with stakeholders to gather their needs and expectations for the project. Effective elicitation ensures that the requirements captured are accurate, complete, and aligned with stakeholder objectives.

By focusing on collaboration, business analysts can build trust and rapport with stakeholders, which is essential for fostering open communication. This collaborative environment encourages stakeholders to share their insights and perspectives, leading to a deeper understanding of their needs. As these relationships develop, the requirements gathered become more refined and representative of the actual needs of the business, ultimately guiding the project toward successful outcomes.

While releasing the final product, creating a budget, and initiating software testing are all important aspects of the project lifecycle, they are not direct outcomes of the elicitation and collaboration phase. Instead, those activities are subsequent steps that rely on the foundation laid by effective stakeholder engagement and requirement gathering.

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