Chapter 2 - Business Analysis
Chapter 2 focuses on key concepts for Business Analysis. I
will share with you five concepts I found to be important for Business
Analysts.
The first concept I will explain is Requirements Analysis and Design Definition. At Ubisoft, Business Analysts are tasked with
acquiring the key requirements of the stakeholders involved in the project or
affected by its outcomes. These key
requirements are understood to be the “need” or new gaming software. The
Business Analyst must clearly identify this need and the inputs required to
initiate the project and determine project deliverables. The need creates an
initial scope for the project whereas the design would be classified as the end
result or outcome. The design, over time, may change as a result of additional
information derived from stakeholders in better understanding and addressing
the need or expectation of the stakeholders.
Requirements are broken down into greater detail within the
chapter to define business requirements, stakeholder requirements, solution
requirements and transition requirements. These are classified as part of the Requirements Classification Schema (details
the classification of requirements involved in a project) and are all key
concepts in meeting project deliverables.
Equally important to the business development process is the
appreciation of the Business Analysis
Core Concept Model (BACCM) and the six core concepts of Change, Need,
Solution, Stakeholder, Value and Context. The
Business Analysis Core Concept Model is a formal structure that details scope
for the business analysis profession. Considering these six concepts and
ensuring they are reviewed continuously will positively impact the quality and
completeness of the project.
Risk (uncertainty or
unpredictability) is another critical concept to consider in project
development and implementation. The Business Analyst must explore all avenues
of minimizing, mitigating or eliminating the impact of risks through continuous
stakeholder collaboration and feedback.
In controlling/ managing risk, Business Analysts must involve
Subject Matter Experts (SMEs) in
their efforts. SMEs are those
stakeholders who are consultation experts, who have gained experience with the
problem/ need to be addressed and who have, through studies or first-hand
experience, identified possible solutions worthy of review.
Understanding these concepts will assist the Ubisoft Business
Analyst in being successful in his/her efforts, focusing on total quality management
and efficient project delivery.
The Business Analysis Core Concept Model (BACCM) is composed of six terms which helps the business analysts to discuss the business analysis and its relationships with the common terminology. The six core concepts are equally important for business analysis. These core concepts provide an idea fundamental to business analysis. If one core concept is not clear then all other concepts are not fully understood because each concept is defined by other five concepts. These concepts are used for understanding and analyzing the type of the information in business analysis tasks.
ReplyDeleteIn this chapter, a list of stakeholders participate in the tasks of the business. A business analyst is interacting directly or indirectly with the stakeholders. There are multiple stakeholders roles within each category. A single person can perform more the one responsibility in different roles. Business Analysts, customer, end user, regulator, sponsor, supplier, tester and so on, are included in the list of stakeholders.
ReplyDeleteRisks are the uncertain future events which might have positive or negative effects on the company. The risk management is the responsibility of business analyst to give the proper guidance to the company. There are some steps to manage risk. Risk identification is the first step to manage risk in which risk must be identified with the help of experts, stakeholders, past experiences and situations and this is done to minimize the uncertain future negative result. After that risk analysis involves the level of the risk and look at the ways to control or deal with the results, either positive or negative. At last results are to be faced. If it is positive, then there is opportunity to get the rewards and if it would be negative then the issues must be mitigated, and loss must be accepted as a lesson for future processes.
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