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Steps in Business Analysis | Blog

Aug 30
Business Analysis

Steps in Business Analysis

The business analysis field is vague and organisation-specific. The Business Analyst’s role in one company would be entirely different from the role a Business Analyst performs in another company. For example in a more technical company like Google, a Business Analyst’s role would necessitate them to use SQL, SAS, R Programming and other statistical concepts to determine why an event has occurred and speak to necessary teams to make the changes happen. A certification in Business Analysis will help professionals go a long way in this field. The certification will give professionals the training they need to perform optimally.

Business analysis involves gathering information from multiple and analyzing it for the purpose of forecasting future trends which finds ways to make improvements in business strategies, improve businesses operations, and make smart business decisions to improve the company’s bottom line. It helps businesses find the right solution to avoid making incorrect decisions that can result in time and money being wasted when going back to fix any problems. Fnding right solution helps ts get completed in a timely manner, strategies are executed with the results benefiting the business, and there is effective monitoring of the project that allows for the best adjustments that results in the best outcome. Business analysis make sure to manager that the information is  distributed & understood by the entire project team. The current and correct information helps team  to work together in an efficient manner to create a plan that has a higher chance of success.

A practice of enabling change in an organizational context by defining the needs and recommending solutions that deliver value to stakeholders could be explained as Business Analysis. Business analysis is a research discipline. It identifies business needs and determine solutions to business problems. The business solutions includes software-system development component, but may also consist of process improvement, organizational change and strategic planning and policy development. A person who carries out all these task are called Business Analyst.

The steps of  business analysis includes:

Step 1 : Getting Oriented . A business analyst face a lot of ambiguity in their job to clarify the scope, requirements, and business objectives as quickly as possible. To get oriented will ensure that they are not only moving quickly but are also able to be an effective and confident contributor on the project.

Step 2 : Discovering the Primary Business Objectives . The business analysts and project managers jump right in to defining the scope of the project. A successful project involves uncovering and getting agreement on the business needs early in a project and before scope.

Step 3 : Defining Scope. The business analysis is required to define the clear and complete statement of the scope to realize the need of the business which gives a project team the go-forward concept . The well defined scope makes the business needs tangible.

Step 4 : Formulating a Business Analysis Plan. The business analysis plan will give clarity to the business analysis process . It can be used to successfully define the detailed requirements for the project. The business analysis plan answers many questions to the project team.

Step 5 : Defining the Detailed Requirements. The detailed requirements provide implementation team with the information they need to implement the solution. They make scope implementable.

Step 6 : Supporting the Technical Implementation . The technical implementation team builds, customizes, and/or deploys software in the organization. The technical implementation require worthwhile support from the business analyst which helps driving the success of the project and ensure the business objectives are met.

Step 7 : Helping the Business Implement the Solution. Business analysts increasingly get involved in this final phase of the project to support the technology team that can deliver a beautiful shiny new solution that theoretically meets the business objectives.

Step 8 : Assessing the Value Created by the Solution . A lot happens throughout the course of a project; business outcomes are discussed, details are worked through, problems, big and small, are solved, relationships are built, hange is managed, technology is implemented and business analyst are trained to change the way they work.

List of Business Analysis Courses

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