Team 4 - Great West Life Assurance - Business Analysis - Red River College

Plan Business Analysis Approach: The purpose of Plan Business Analysis Approach is to define the best approach to behavior enterprise analysis activities.   Needs:   the enterprise analysis method is formed through the trouble or possibility confronted with the aid of the company. It is necessary to do not forget what is understood approximately the want at the time of planning, while acknowledging that know-how evolves throughout business analysis activities. Elements: Ø Planning approach Ø Formality and Level of Detail of Business Analysis Ø Business Analysis Activities Ø Timing of Business Analysis Work Ø Complexity and Risk Ø Acceptance Guidelines and Tools: • Business Analysis Performance Assessment : offers consequences of previous assessments that should be reviewed and integrated into all planning procedures.   • Business Policies : define the boundaries inside which choices have to be made. They may be described by using reg...

Hello! In this post we'll discuss more about underlying competencies, which according to BABOK include "behaviours, characteristics, knowledge, and personal qualities that support the practice of business analysis." In BABOK the competencies are grouped into six main categories: Below are these competencies and a detailed explanation of each one:   Analytical thinking and problem solving are used by business analysts to facilitate understanding of situations, the value of proposed changes as well as other complex ideas. The core competencies in analytical thinking and problem solving are: creative thinking, decision making, learning, problem solving, systems thinking, conceptual thinking and visual thinking.  Behavioural characteristics ' core competencies focus on the skills and behaviours that allow a business analyst to gain trust and respect of stakeholders . These core competencies are: ethics, personal accountability, trustworthiness, organization...

11)     What are Stakeholders? Stakeholders, these are one of the important parts of a business. These are the participants, or we may say a group or any individual with whom a business analyst interacts either directly or indirectly.   The few roles of a stake holders are: Project manager, Tester, Operational support, Customer, Business Analyst, Regulator and supplier. 22)     Today I am going to talk about the Project manager. So, what a project manager is? What he does? Well according to the chapter in our book, a Project manager has the responsibility of planning and executing the project and he is professional in it. He has to do this all by considering the budget, quality, resources and the scope of what is he going to do. If we talk about the roles of a project manager, then it may include the team leader, project leader, technical leader, developing schedules, organizing and a lot more. 33)     Requir...

The Business Analysis Core Concept Model (BACCM) according to BABOK is,   "a conceptual framework for business analysis. It encompasses what business analysis is and what it means to those performing business analysis tasks regardless of perspective, industry, methodology, or in level in the organization." The six core concepts in BACCM and its definitions are: 1. Change - act of transformation in response to need. 2. Need - a problem or opportunity to be addressed. 3. Solution - a specific way of satisfying one or more needs in a context. 4. Stakeholder - a group or individual with a relationship to change, the need, or the solution. 5. Value - the worth, importance, or usefulness of something to a stakeholder within a context. 6. Context - the circumstances that influence, are influenced by, and provide understanding of the change. All of this concept coincides with each other, which means that no core concepts should be left off in ...

Hello! Welcome to our Business Analysis blog.  We are Mariane, Harleen, Kent and Parminder, and we are Business Technology Management students at Red River College.  Throughout our Fall term we will be using this blog to share some important concepts regarding Business Analysis.  For our first post, we will start with the basics, and define exactly what is Business Analysis, and other important concepts related to it. According to BABOK, " 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. "  Business analysis cannot work without having a representative to intermediate these practices within an enterprise. This professional is called a Business Analyst who is responsible for putting in practice the tasks desc...