business analysis- an overview
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DESCRIPTION
In this presentation you will get to know how practice of “Analyzing Business, Identifying Problems and Opportunities and providing Solutions” that will benefit business. To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.htmlTRANSCRIPT
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Chapter 1Chapter 1Business analysis – an overview
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IntroductionIntroduction
Before 19th century no one systematically studied the effectiveness of the different approaches of management.
The profession come into exist during the information technology book in 1980‐1990.
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Knowledge areas of Business Knowledge areas of Business AnalysisAnalysis
There are six knowledge areas of Business analysis:
1. Enterprise Analysis2. Requirement planning and Management3. Requirement Elicitation4. Requirement analysis and Documentation5. Requirement Communication6. Solution Assessment and Validation.
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Responsibilities of a Business Responsibilities of a Business AnalystAnalyst
Identify business problems and opportunities.
Elicitating, validating Communicating and validating requirements.
Recommending solutions.
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Skills in Business AnalysisSkills in Business Analysis
Knowledge Skills
Collaboration Skills
Leadership Skills
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Business Analysis Business Analysis ––The ProfessionThe Profession
The business analysis profession is growing and evolving consistently Defining business analysis Profession.
This Includes:◦ Senior Executives◦ Project managers◦ Students of Business Analysis.
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Defining Business Analysis Defining Business Analysis ProfessionProfession
Business Analysis is a set of tasks, knowledge and techniques required to identify needs and determine solutions to business problems.
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Business Analyst RoleBusiness Analyst Role
A business analyst woks as a liaison among stakeholders in order to elicit, analyze, communicate and validate requirements.
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RequirementRequirement
A condition or capability needed by a stakeholder to solve a problem.
A documented representation of a condition or capability.
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Requirements TypesRequirements Types
The types of the requirements that exist vary based on the problem domain and methodology that the business analyst works with.
Following are the types of requirements:◦ Business requirements◦ User requirements◦ Functional requirements
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Requirements TypesRequirements Types
Quality of service requirements
Assumptions and Constraints
Implementation requirements
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Effective Requirement Effective Requirement PracticesPractices
The benefits include:
◦ A clear understanding of the needs of users, customers and stakeholders.
◦ High quality systems and products
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Enterprise AnalysisEnterprise Analysis
This area is the collection of pre‐project activities.
Typical Enterprise Analysis activities leading uptoproject selection guided by the Business Analyst.
They are as follows:◦ Creating and maintaining the Business Architecture◦ Preparing the Business Case◦ Preparing the Decision Package
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Requirements Planning & Requirements Planning & ManagementManagement
This area defines the resource and tasks associated with the planning and managements of requirements.
This is necessary to ensure:◦ The set of requirements activities undertaken are the most appropriate, given the unique circumstances of the project.
◦ Changes are captured correctly and consistently.
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Requirements Analysis & Requirements Analysis & DocumentationDocumentation
This area describes how stakeholder needs are analyzed, structured and specified for use in the design and implementation of a solution.
Requirements analysis defines the methods, tools and techniques used to structure the raw data.
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Requirements Requirements CommunicationCommunication
This area is the collection of activities and considerations for expressing the output of the requirement analysis and documentation.
Requirements must be packaged, reviewed and approved before the solution is implemented.
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Solution Assessment and Solution Assessment and ValidationValidation
This area covers the business analysis tasks necessary to ensure that that solution meets the stakeholder objectives is thoroughly tested and is implemented smoothly.
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The Business analysis The Business analysis principles in contextprinciples in context
The BA principles define the activities, tasks and knowledge that business analysis professionals need to know.
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The Important pointsThe Important points
1. The BA fundamentals and glossary are not activity or task drives.
2. Not all work that a business analysis professional does is for a defined project.
3. Requirements planning and management activities tend to span the duration of the project with planning input provided to each of the other areas
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The Important pointsThe Important points
4. Communicating about requirements is also tend to span the duration of the project.
5. Theoretically, one gathers requirements then analyzes and documents them, then uses them as input into the designs that lead to the final implementation of the gathered and documented requirements.
6. Information gathered during requirements elicitation or analysis any lead to further work.
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Relationship to Relationship to The Solution Life CycleThe Solution Life Cycle
The business analysis principles will be compatible with small to large, simple to complex projects and all types of methodologies.
Note that this is a non‐propositional ordering of events in the timeline
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Key PointsKey Points
Business analysis is a set of tasks, knowledge and techniques required to identify business needs and determine solutions to business problems
Requirements serve as the foundation of systems or system components.
The requirement planning and management area define the resource and tasks associated with the planning and management of requirements gathering activities.
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Key PointsKey Points
The requirements elicitation area defines standard techniques used to collect the requirements of the systems.
Requirements communication is an ongoing activity.
Solution assessment and validation covers the business analysis tasks necessary to ensure that that solution meets the stakeholder objectives is thoroughly tested and is implemented smoothly.
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Business AnalystBusiness Analyst
A business analyst is generally a business domain expert.
Key point is that a Business Analyst will assist and direct the business stakeholder is vision and direction into actionable business plan.
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End of Chapter 1End of Chapter 1Business analysis – an overview
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