February 3, 2024
Business Analysis
activities performed to identify business needs and recommend relevant
solutions; and to elicit, document, and manage requirements
Learn to
problems
solutions
stakeholder requirements
successful implementation
Points to Ponder
BA and stakeholders must have rapport or good relationship
in sync to collaborate in order to yield favorable tangible and intangible impact
to the project
synergy among Project Managers, Business Analysts and other stakeholders
to minimize inefficiencies, duplications of work, and avoid critical items being
overlooked
clarity in defining requirements
subject matter expert and decision-making authorities are responsible for
defining business requirements
Req types
Business Requirements - higher level needs of the org as a whole, like business
issues or opportunities or reasons why a project has been undertaken
Stakeh reqs - needs of anyone with material interest like customers suppliers and
partners
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solution reqs - features functions and char of prod
functional requirements - solution requirement according to behaviors of the
product
non-func reqs - environmental conditions or qualities
transition reqs - temporary capabilities like data conversion and training
requirements
5 domains of BA practice
1. needs assessment
a. assess internal and external environment
b. understand goals and obj
c. use techniques to analyze
d. assess viability of solution options
2. business analysis planning
a. plan in accomplishing reqs and timing in project life cycle
b. approach to be used
3. requirements elicitation and analysis
a. explain concepts
4. traceability and monitoring
a. change process
b. analyze, communicate, and manage changes to reqs
c. baselining req
d. address version control
5. solution evaluation
a. discuss the business analysis tasks
b. validate solutions implements or to be implemented
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analysis framework
company > industry > external business environment
PESTEL
Porter’s 5 Forces
Life Cycle
Competitive Positioning and Advantage
Market Penetration
existing products and markets
Product Development
new products and ex m
market dev
ex p and new m
diversification
both new
Benchmarking
Market analysis
involving customers to know their needs and wants
Brainstorming
group deliberates ideas
Business Model Canvas
diagnostic planning tool
business rules analysis
operational business decisions
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cash
receivables
inventories
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