What is Business Analysis?
Business analysis is the practice of enabling change in an enterprise by defining
needs and recommending solutions that deliver value to stakeholders. Business
analysis enables an enterprise to articulate needs and the rationale for change,
and to design and describe solutions that can deliver value.
What is the Business Analysis Core Concept Model?
They basically have three concepts need change and solution.
CHANGE
The act of transformation in response to a need.
Change works to improve the performance of an enterprise.
These improvements are deliberate and controlled through
business analysis activities.
NEED
A problem or opportunity to be addressed.
Needs can cause changes by motivating stakeholders to act.
Changes can also cause needs by eroding or enhancing the
value delivered by existing solutions.
SOLUTION
A specific way of satisfying one or more needs in a context.
A solution satisfies a need by resolving a problem faced by
stakeholders or enabling stakeholders to take advantage of
an opportunity.
Another important term for the chapter is STAKEHOLDERS
A stakeholder is an individual
or group that a business analyst is likely to interact with directly or indirectly.
as per TD bank they require Business analysis to figure out their problems profits as well as well being of the company. he is the key person in the company to perform all the tasks.
Starting from the beginning, business analysis defines needs and propose solutions to increase the company’s value to stakeholders. There is uncountable action to improve solutions using the business analysis to different companies.
The Business Analyst is the agent for discovering, synthesizing and analyzing the required information to perform his/her job. With the steps, will be able to delivery the best appropriated solution to the customer.
On this first chapter we can take a little look what are the Key Concepts, Knowledge Areas, Principal Tasks, Underline Competences that all business analyst needs to achieve, Techniques and different Perspectives as to give focus to the analyst, for example Agile.
On the second chapter, we start digging the Key concept for Business Analysis.
1 The Business Analysis Core Concept Model (BACCM) is a visionary framework for BA and it is composted of six parts:
• Change – change the way of work to improve the efficiency inside the company.
• Need – Needs cause change to attract the stakeholder’s attention to act.
• Solution – Can solve an issue faced by the stakeholders.
• Stakeholder – A group of individuals with interest in something in common.
• Value – Can bring more investments to a reliable company.
• Context – The changes can only happen because of one need to change.
2 Key Terms
• Business Analysis Information – It is any kind, at any level of info that is used as an input or output in a solution.
• Design – Is used to shape the solution.
• Enterprise – Is a system of one or more organization that share a common goal.
• Organization – A group of people with the same goal.
• Plan – Something to achieve following what was propose on the beginning of the project.
• Requirement – Something needed to achieve a goal.
3 Stakeholders are the interested part on the company. Follows some examples: customer, supplier, business analyst, project manager, sponsor and etc..
4 Requirements are focus in what the company needs, and Designs are focus on the solution. One example is the requirement is to provide the information in English and French and for Design is prototype the text display in English and French.
Follow the concept on these Chapters, we choose the TD bank to start talk about the Business Analysis.
TD is one of the companies that offer the Co-op position for BTM student every term. Besides that, the company doesn’t require previous experience for student.
With a structure plan to receive the student on this amazing company, this option could be the first step for a promising future
ORGANIZATION:
ReplyDeleteAn autonomous group of people under the management of a single individual or board, that works toward common goal and objectives. organizations often have a clearly defined boundary and operate on a continuous basis, as opposed to an initiative or project team, which may be disbanded once its objectives are achieved.
Perspectives
ReplyDeletePerspectives are used within business analysis to focus on tasks and techniques specific to the topic of the initiative. Most techniques usually engage one or more perspectives.
Perspectives have the following structure:
Change Scope
Business Analysis Scope
Methodologies, Approaches, and Techniques
Underlying Competencies
Impact on Knowledge Areas
Change Scope
The Change Scope section describes what parts of the enterprise the change
encompasses when viewed from this perspective and to what extent it impacts
both the objectives and operations of the enterprise. The change scope also
identifies the type of problems solved, the nature of the solutions being sought,
and the approach to delivering these solutions and measuring their value.
Business Analysis Scope
The Business Analysis Scope section describes the key stakeholders, including a
profile of the likely types of sponsors, the target stakeholders, and the business
analyst's role within an initiative. It also defines likely outcomes that would be
expected from business analysis work in this perspective.
Methodologies, Approaches, and Techniques
The composition of this section is unique to each perspective. In each case it
describes the methodologies, approaches, or techniques that are common and
specific to the application of business analysis in the perspective. Methodologies and approaches are specialized ways of undertaking the business analysis work.
The techniques included in this section are techniques that are not included in the
Techniques chapter of the Babok book but are especially relevant to the
perspective. In the Business Architecture perspective, reference models are listed instead of
methodologies or approaches. In the Business Process Management perspective,
frameworks are listed instead of approaches.
Underlying Competencies
The Underlying Competencies section describes the competencies that are most
prevalent in the perspective.
Impact on Knowledge Areas
The Impact on Knowledge Areas section describes how knowledge areas are
applied or modified. It also explains how specific activities within a perspective are
mapped to tasks in the Babok book.
What is Business Analysis
ReplyDeleteBusiness analysis is the practice of enabling change in an enterprise by defining
needs and recommending solutions that deliver value to stakeholders. Business
analysis enables an enterprise to articulate needs and the rationale for change,
and to design and describe solutions that can deliver value.
What is the Business Analysis Core Concept Model?
They basically have three concepts need change and solution.
CHANGE
The act of transformation in response to a need.
Change works to improve the performance of an enterprise.
These improvements are deliberate and controlled through
business analysis activities.
NEED
A problem or opportunity to be addressed.
Needs can cause changes by motivating stakeholders to act.
Changes can also cause needs by eroding or enhancing the
value delivered by existing solutions.
SOLUTION
A specific way of satisfying one or more needs in a context.
A solution satisfies a need by resolving a problem faced by
stakeholders or enabling stakeholders to take advantage of
an opportunity.
Another important term for the chapter is STAKEHOLDERS
A stakeholder is an individual
or group that a business analyst is likely to interact with directly or indirectly.
as per TD bank they require Business analysis to figure out their problems profits as well as well being of the company. he is the key person in the company to perform all the tasks.