Business Analysis

Business analysis tutorial

What is BABOK?

Business analysis body of knowledge, also called BABOK is the globally recognized standard for business analysis. Therefore, BABOK’S main aim is to define the profession and provide a set of commonly accepted practices. In addition, it describes the following aspects of business analysis.

  • Knowledge areas
  • Tasks
  • Competencies
  • Techniques
  • Perspectives

Business analysis tutorial

 What are the six knowledge areas of BABOK?

  1. Business analysis planning and monitoring
  2. Elicitation and collaboration
  3. Requirements life cycle management
  4. Strategy analysis
  5. Requirement analysis and design definition (RADD)
  6. Solution evaluation

 

What is Business analysis?

  • Practice of enabling change in an enterprise
  • Performed on variety of initiatives within the enterprise.
    • Within the boundaries of the project
    • Throughout the enterprise
    • Continuous improvement
  • Used to understand the current state and define the future state.
  • Mention the list of activities performed to move from current state to future state.
  • Change is enabled by
    • Defining needs
    • Recommending solutions
    • Delivering value through the solutions

 

What are the different types of initiatives?

  • Strategic : Long term
  • Tactical : Short term
  • Operational : Day today

Business analysis tutorial

 What is a perspective and are the different types of perspectives?

A perspective is a lens through which the business analysis practitioner views their work activities.So it is based on the current working context. Example

  1. Agile
  2. Business intelligence
  3. Information technology
  4. Business architecture
  5. Business process management

 

Who is a Business analyst? What are they responsible for?

Any person who performs business analysis tasks is a Business analyst. Furthermore, a business analyst is responsible for

  • Understanding the enterprises problems and goals
  • Discovering, synthesizing and analyzing information from a variety of sources to confirm their existence.
  • Determine underlying issues and causes of existing problems
  • Eliciting requirements and needs from stakeholders to solve the problem
  • Investigating and clarifying stakeholder’s needs
  • Design and deliver solutions to the problem
  • Create value to the stakeholder by implementing the solution

 

Structure of the course

The course comprises of business analysis tasks organized into knowledge areas. In addition,Knowledge areas are collection of logically related tasks. Finally,each task describes a specific set of activities that accomplish a goal related to the project. These areas are mentioned below.

Click here to read the next chapter : Business Analysis Core Concepts tutorial

 

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