BUSINESS ANALYSIS
Business analysis has emerged as a core business practice in the 21st century. As the vital link between a firm’s information technology capabilities and its business objectives, skilled business analysts contribute to the profitability of companies large and small, in most industry. Business analyst training can help you seize opportunities presented by a rapidly changing marketplace, by preparing you with the skills modern organizations need to remain competitive.
The Role of the Business Analyst in today’s complex business environment, an organization’s adaptability, agility, and ability to manage constant change through innovation can be keys to success. Traditional methods may no longer lead to reaching objectives when economic conditions are unfavorable. That’s where business analysis comes in. Corporations achieve goals through projects that translate customer needs into new products, services, and profits. Business analysts can make it all happen more efficiently and effectively. Business analysis is a research discipline of identifying business needs and determining solutions to business problems. Solutions often include a software-systems development component, but may also consist of process improvement, organizational change or strategic planning and policy development.
The analyst is involved in the design or modification of business systems or IT systems. The analyst interacts with the business stakeholders and subject matter experts in order to understand their problems and needs. The analyst gathers documents and analyzes business needs and requirements.
Step 1: Gather Background Information
Step 2: Identify Stakeholders.
Step 3: Discover Business Objectives.
Step 4: Evaluate Options.
Step 5: Scope Definition.
Step 6: Business Analyst Delivery Plan.
Step 7: Define Project Requirements.
Step 8: Support Implementation Through SDLC.
Step 9: Evaluate Value Added by Project