Chapter 3: Know Your Project Seven Steps to Mastering Business Analysis (Barbara Carkenord, 2008) Business Case Development • BAs need to build a case – justification for the project or endeavor • Include tangible / intangible costs & benefits • Activities – Feasibility Analysis – Cost Benefit Anaysis (CBA) – SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis Feasibility Analysis • Determine the project’s viability – Financial viability – Environmental integrity – Cultural acceptability / political practicality • What-if analysis • Sensitivity analysis Funding a project • Financial reasons – cut costs, increase revenue • Strategic reasons - opportunity, aligning business processes – COTS (Customized off the shelf software) – request for proposal sent to vendors asking for details • Regulatory reasons – national, international Strategic Reasons for Project • BA needs to understand where the project stands in the portfolio of projects • Portfolio consists of many projects and programs • A program can encompass many projects Components in Project Initiation • Project Name • Approach / Methodology • Statement of Purpose • Objectives, Problems, Opportunities • Stakeholders • Business Risks • Scope of business area Understanding the Scope of Project – Context Diagram • BA uses a Context Diagram (Level zero DFD) to understand the scope of the project • Same as in systems analysis – except think of the central area of study rather than the central system • Include the activities or areas that impact the central area (similar to entities that interact with the system in systems analysis) • Level 1 DFD and up – decomposition of level 0 diagrams to study the scope in detail Understanding the Scope of Project – Use Cases • Used to understand the scope of the project • Use cases are major areas of study or activities shown as bubbles • Actors or external entities that impact the activities are shown as stick people • Work out examples in class (used in the in-class exercise)