What is Business Analysis

-
Business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. Business analysis enables an enterprise to articulate needs and the rationale for change and to design and describe solutions that can deliver value. This requirement analysis, sometimes also called requirements engineering.

Business analysis is performed on a variety of initiatives within an enterprise. Initiatives may be strategic, tactical, or operational. Business analysis may be performed within the boundaries of a project or throughout enterprise evolution and continuous improvement. It can be used to understand the current state, to define the future state, and to determine the activities required to move from the current to the future state.

The person who carries out this task is called a Business Analyst or BA.


Reference: BABOK v3 - from IIBA and Wikipedia.

Comments

Post a Comment

Popular posts from this blog

Business Analysis Core Concept Model™ (BACCM™)

-
Image
The Business Analysis Core Concept Model™ (BACCM™)  defines business analysis as “the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders”. The purpose of BACCM ™  is to provide a common conceptual framework to business analysts so that they can perform and discuss their work in a common terminology that is independent of perspective, industry, methodology, or their levels in the organization. The BACCM consists of six core concepts: Change, Need, Solution, Stakeholder, Value, and Context. All core concepts are equally important and necessary. There is no ranking among these - no single concept holds greater importance or significance over any other concept. Each core concept is defined by and dependent on the other five core concepts and cannot be fully understood until all the concepts are understood. Core Concept During Business Analysis Planning and Monitoring, business analysts... Change : the
Read more

CRM project design and planning process

-
Image
The key phases of CRM implementation project are: Develop the CRM strategy Build the CRM project foundations Specify needs and select partner Implement the project Evaluate performance. Please note: Depending on the scope of the project some of these phases or processes may not be applicable. 1. Develop the CRM strategy: Situation analysis Development of the CRM strategy starts with a situation analysis . This analysis sets out to describe, understand and appraise the company’s current customer strategy. It helps to have an organizing framework to guide your analysis.  Commence CRM education If you are about to embark on a CRM implementation, it is important that all stakeholders have a clear understanding of what CRM denotes. Education has the twin benefits of allaying any fears that people might have, based on their misunderstandings, and encouraging participation from people whose jobs might be impacted. Education enables stakeholders to identify opportunitie
Read more

“Critical Thinking” - The most important skill for any Business Analyst

-
Critical thinking is the ability to think clearly & rationally about what to do or what to believe. With this skill set, you can do the following: Understand the logical connection between ideas. Identify, construct and evaluate arguments. Detect mistake in reasoning. Identify the relevance and importance of the idea. Solve problem systematically. Critical thinking also helps you analyze facts to understand a problem or topic thoroughly. Here are common steps that occur when using critical thinking for problem-solving: Identify a problem or issue Create inferences on why the problem exists and how it can be solved Collect information or data on the issue through research Organize and sort data and findings Develop and execute solutions Analyze what solutions worked or didn’t work Identify ways to improve the solution How to improve your "Critical Thinking" skill: To improve your critical thinking skills, consider taking some of the following
Read more