Chapter 2 - The Six Core Concepts (BACCM)

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 understanding the concepts. Each of the concepts are necessary and should be understood to use it to its full potential. These concept is very important in understanding information given in a business analysis settings or tasks.

The BACCM can also be used to:
- describe the scope of business analysis,
- communicate with a common concept about business analysis,
- evaluate relationships,
- perform better decisions in business analysis by looking at the relationships of the six core concepts stated above,
- and, evaluate impact at any point of the concept and relationships.



Comments

  1. Mariane11 September 2019 at 15:44

    An example of how Great West Life Assurance is using this concept in practice is that it will be changing its name to Canada Life.
    According to Jeff Macoun, company representative "Under the new Canada Life brand, we’ll make it easier for them to deliver for our customers, advisors, consultants, and their communities.”

    Source: https://globalnews.ca/news/5126052/insurance-giant-great-west-life-changing-name-to-canada-life/

    ReplyDelete

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