Business Analysis
About Business Analysis
Business
Analysis can be understood as a research discipline that helps you to
find the business needs and identify solutions to business problems.
These solutions may include the development of software or system
component, improvements in process, organizational changes or strategic
planning and policy development. The purpose of business analysis is to
identify solutions that meet the need for improvement.
Business
Analysis process offers concepts and insights into the development of
the initial framework for any project. It stores the key to guide
stakeholders of a project who performs business modelling in an orderly
manner.
Why is Business Analysis important?
The importance of business analysis in a business, or for an organization, can be summarized as
•
Increase in ROI- To know where a business stands, it is essential to
evaluate its ROI (Return on Investment); the ROI measures its business
valuation and whether there is an increase or decrease in revenue
brought in. Business analysis can tell you whether you need to make
further adjustments to bring in more ROI, if costs need to be reduced
and benefits need to be increased and vice-versa.
• Decrease in
cost- Using business analysis to create various strategies to reduce
project costs, briefing the team how to work accordingly and what
strategies can help reduce company costs is an important factor. It also
opens up avenues with various ways to solve recurring problems with
affordable methods.
• Decision making- The most important aspect
of business analysis is decision making on behalf of the company to the
stakeholders or investors. Logical discussions about the company have
been functioning, what the problem areas are or what factors are
governing the increase of overall company expenditure and how to reach a
higher margin of profit are factors that influence decision making and
offer clarity on the way ahead for business.
• Identify market status of the
business- It is very important to know where your business stands at par
with the total market scenario, its value and who are your closest
competitors. This is exactly where business analysis fits in.
Who should take the Business Analysis Exam?
• Entrepreneurs or Innovators
• Novice to intermediate Business Analysts
• Professionals looking to transition into a Business Analyst role
• New Product Owners
• Other positions that are performing business analysis duties such as administrators, managers, and project leads.
• Anyone who analyzes, elicits, or documents requirements.
• Students
Business Analysis Certification Course Outline
1. Business Analysis Basics
2. Organisation Structure & Design
3. Requirements Development
4. Requirements Analysis
5. Requirements Modeling
6. Specifications
7. Concept Generation, Selection and Testing
8. Prototyping
9. Development
10. Agile and Scrum Basics
11. Developing Business Analysis Skills