A business analyst (BA) is working on a project involving the purchase of a commercial...

The scenario describes a task that involves purchasing a COTS product for a project. A COTS product is a ready-made software or hardware solution that can be acquired from a third-party vendor and integrated into the existing system. Purchasing a COTS product can introduce external risks, such as vendor reliability, compatibility issues, security breaches, or regulatory changes1. Therefore, the BA’s next course of action should be to assess external risks and determine their likelihood and impact on the project. Assessing external risks can help the BA to identify and mitigate potential threats and exploit opportunities for the project.

References: The answer and explanation are consistent with the CCBA® Handbook and the IIBA® website, which provide the details and best practices for the risk analysis and management technique as part of the business analysis process23. The CCBA® resources also describe the types and sources of risks that can affect a project, such as internal and external risks23.