Chapter 1 - What is Business Analysis?
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 described within the business analysis definition.
It's important to note that a business analyst does not necessarily need to have this job title, but can be anyone who is performing these activities within the enterprise.
You'll notice in this post and future posts that many definitions will come from BABOK, and may be wondering, "What is that"? BABOK® is an acronym for "Business Analysis Body of Knowledge". This is a globally recognized standard for business analysis practice. The definitions are in a guide created by BABOK that describes the business analysis knowledge areas, tasks, underlying competencies, techniques and perspectives on how to approach business analysis.
The guide BABOK highlights important knowledge areas within business analysis that enclose several tasks*.
These areas are:
1. Business Analysis Planning and Monitoring
2. Elicitation and Collaboration
3. Requirements Life Cycle Management
4. Strategy Analysis
5. Requirements Analysis and Design Definition
6. Solution Evaluation
*According to BABOK, tasks are discrete piece of work that may be performed formally or informally as part of business analysis.
My classmates will complement this post with comments and applications of these concepts.
Enjoy! :)
References: All concepts in this post were gathered from "A Guide to the Business Analysis Body of Knowledge® , Version 3, International Institute of Business Analysis, pgs. 1-10, Accessed on 09/05/2019.
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 described within the business analysis definition.
It's important to note that a business analyst does not necessarily need to have this job title, but can be anyone who is performing these activities within the enterprise.
You'll notice in this post and future posts that many definitions will come from BABOK, and may be wondering, "What is that"? BABOK® is an acronym for "Business Analysis Body of Knowledge". This is a globally recognized standard for business analysis practice. The definitions are in a guide created by BABOK that describes the business analysis knowledge areas, tasks, underlying competencies, techniques and perspectives on how to approach business analysis.
The guide BABOK highlights important knowledge areas within business analysis that enclose several tasks*.
These areas are:
1. Business Analysis Planning and Monitoring
2. Elicitation and Collaboration
3. Requirements Life Cycle Management
4. Strategy Analysis
5. Requirements Analysis and Design Definition
6. Solution Evaluation
*According to BABOK, tasks are discrete piece of work that may be performed formally or informally as part of business analysis.
My classmates will complement this post with comments and applications of these concepts.
Enjoy! :)
References: All concepts in this post were gathered from "A Guide to the Business Analysis Body of Knowledge® , Version 3, International Institute of Business Analysis, pgs. 1-10, Accessed on 09/05/2019.
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ReplyDeleteAs stated, what BABOK's definition of a business analyst, "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."
ReplyDeleteGreat West Life also have its own definition of what business analyst role is:
"𝘈 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘢𝘯𝘢𝘭𝘺𝘴𝘵 𝘪𝘴 𝘳𝘦𝘴𝘱𝘰𝘯𝘴𝘪𝘣𝘭𝘦 𝘧𝘰𝘳 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘭 𝘢𝘯𝘥 𝘦𝘹𝘵𝘦𝘳𝘯𝘢𝘭 𝘳𝘦𝘱𝘰𝘳𝘵𝘪𝘯𝘨 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘮𝘦𝘯𝘵𝘴 𝘧𝘰𝘳 𝘊𝘳𝘦𝘥𝘪𝘵𝘰𝘳 𝘢𝘯𝘥 𝘋𝘪𝘳𝘦𝘤𝘵 𝘔𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘐𝘯𝘴𝘶𝘳𝘢𝘯𝘤𝘦. 𝘛𝘩𝘦 𝘪𝘯𝘤𝘶𝘮𝘣𝘦𝘯𝘵 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘴 𝘢𝘯𝘥 𝘮𝘢𝘪𝘯𝘵𝘢𝘪𝘯𝘴 𝘤𝘰𝘮𝘱𝘶𝘵𝘦𝘳 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘯𝘥 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘦𝘴 𝘳𝘦𝘭𝘦𝘷𝘢𝘯𝘵 𝘢𝘯𝘥 𝘢𝘤𝘤𝘶𝘳𝘢𝘵𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘳𝘦𝘱𝘰𝘳𝘵𝘴."
Great West Life also have the accountabilities for the business analyst:
- 𝘈𝘴𝘴𝘪𝘴𝘵 𝘪𝘯 𝘥𝘦𝘭𝘪𝘷𝘦𝘳𝘪𝘯𝘨 𝘮𝘦𝘥𝘪𝘶𝘮 𝘴𝘪𝘻𝘦𝘥 𝘥𝘦𝘱𝘢𝘳𝘵𝘮𝘦𝘯𝘵𝘢𝘭 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴, 𝘣𝘰𝘵𝘩 𝘯𝘦𝘸 𝘢𝘯𝘥 𝘦𝘯𝘩𝘢𝘯𝘤𝘦𝘮𝘦𝘯𝘵 𝘰𝘧 𝘦𝘹𝘪𝘴𝘵𝘪𝘯𝘨 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘦𝘴. 𝘋𝘦𝘴𝘪𝘨𝘯, 𝘥𝘦𝘷𝘦𝘭𝘰𝘱, 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘭𝘰𝘤𝘢𝘭 𝘤𝘰𝘮𝘱𝘶𝘵𝘦𝘳 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴.
- 𝘚𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘦 𝘤𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘊𝘳𝘦𝘥𝘪𝘵𝘰𝘳 𝘢𝘯𝘥 𝘋𝘪𝘳𝘦𝘤𝘵 𝘔𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘦𝘢𝘳𝘯𝘪𝘯𝘨𝘴.
- 𝘚𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘦 𝘥𝘦𝘱𝘢𝘳𝘵𝘮𝘦𝘯𝘵 𝘪𝘯 𝘱𝘳𝘰𝘥𝘶𝘤𝘪𝘯𝘨 𝘰𝘧 𝘮𝘰𝘯𝘵𝘩𝘭𝘺 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘯𝘥 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘳𝘦𝘱𝘰𝘳𝘵𝘴.
- 𝘋𝘦𝘷𝘦𝘭𝘰𝘱 𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘵 𝘢𝘯𝘥 𝘦𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘦𝘴, 𝘱𝘰𝘭𝘪𝘤𝘪𝘦𝘴 𝘢𝘯𝘥 𝘱𝘳𝘰𝘤𝘦𝘥𝘶𝘳𝘦𝘴 𝘢𝘴 𝘯𝘦𝘤𝘦𝘴𝘴𝘢𝘳𝘺 𝘵𝘰 𝘰𝘣𝘵𝘢𝘪𝘯 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯.
- 𝘈𝘴𝘴𝘪𝘴𝘵 𝘪𝘯 𝘦𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘥𝘢𝘵𝘢 𝘪𝘯𝘵𝘦𝘨𝘳𝘪𝘵𝘺 𝘢𝘯𝘥 𝘢𝘤𝘤𝘶𝘳𝘢𝘤𝘺 𝘰𝘧 𝘢𝘭𝘭 𝘳𝘦𝘱𝘰𝘳𝘵𝘦𝘥 𝘊𝘳𝘦𝘥𝘪𝘵𝘰𝘳 𝘢𝘯𝘥 𝘋𝘪𝘳𝘦𝘤𝘵 𝘔𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯.
- 𝘌𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘦 𝘢𝘤𝘤𝘶𝘳𝘢𝘤𝘺, 𝘤𝘰𝘯𝘴𝘪𝘴𝘵𝘦𝘯𝘤𝘺, 𝘢𝘯𝘥 𝘲𝘶𝘢𝘭𝘪𝘵𝘺 𝘰𝘧 𝘢𝘭𝘭 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘦𝘥 𝘪𝘯 𝘐𝘯𝘵𝘦𝘳𝘯𝘢𝘭 𝘌𝘢𝘳𝘯𝘪𝘯𝘨𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘊𝘳𝘦𝘥𝘪𝘵𝘰𝘳 & 𝘋𝘪𝘳𝘦𝘤𝘵 𝘔𝘢𝘳𝘬𝘦𝘵𝘪𝘯𝘨 𝘣𝘭𝘰𝘤𝘬 𝘰𝘧 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴.
- 𝘗𝘳𝘰𝘷𝘪𝘥𝘦 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘨𝘶𝘪𝘥𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘴𝘺𝘴𝘵𝘦𝘮𝘴 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 𝘵𝘰 𝘤𝘰𝘸𝘰𝘳𝘬𝘦𝘳𝘴.
- 𝘋𝘦𝘴𝘪𝘨𝘯, 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘵𝘦𝘴𝘵 𝘱𝘭𝘢𝘯𝘴 𝘢𝘯𝘥 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 𝘵𝘰 𝘪𝘥𝘦𝘯𝘵𝘪𝘧𝘺 𝘢𝘯𝘥 𝘳𝘦𝘴𝘰𝘭𝘷𝘦 𝘴𝘺𝘴𝘵𝘦𝘮 𝘱𝘳𝘰𝘣𝘭𝘦𝘮𝘴.
- 𝘌𝘯𝘴𝘶𝘳𝘦 𝘱𝘳𝘰𝘱𝘦𝘳 𝘥𝘰𝘤𝘶𝘮𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 𝘦𝘹𝘪𝘴𝘵𝘴 𝘧𝘰𝘳 𝘢𝘭𝘭 𝘵𝘩𝘦 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘦𝘥 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘦𝘴 𝘢𝘯𝘥 𝘢𝘱𝘱𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯𝘴.
Great West Life's definition on what a business analyst's role in their company can be specific to their own. It can be different from other companies. This definition was taken in a job ad posted by Great West Life for a business analyst position.
Reference: https://www.glassdoor.ca/job-listing/business-analyst-great-west-life-assurance-JV_IC2281069_KO0,16_KE17,42.htm?jl=3336796904&ctt=1568242885384&srs=EI_JOBS
Techniques provide extra information on the ways that a task may be performed. There are multiple techniques that may be applied with other techniques to accomplish a task. Business analysts are encouraged to modify existing techniques or engineer new ones to best suit their situation and the goals of the tasks they perform.
ReplyDeleteStructure of Techniques are:
1 Purpose: Which kind of technique is used and the circumstances under which it is most likely to be applicable.
2 Description: Which technique is and how it is used.
3 Elements: Concepts that are needed to understand how to use the technique.
4 Usage Considerations: Conditions under which the technique may be effective
All concepts in this post were gathered from "A Guide to the Business Analysis Body of Knowledge® , Version 3, International Institute of Business Analysis, pgs. 8 , Accessed on 09/12/2019.