Business Analysis Practice Exam

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.
•    Business requirements- The whole idea of business analysis is to understand the business in detail, and what requirements are needed for its growth while also identifying the hindrances that may prevent the same. Business analysis helps make various decisions that influence the growth of the organization, including analysis of processes and data that will pave the way for a profitable situation.
•    Benefits everyone in the business- While business analysis helps owners and founders to change the management is the company performances are not up to the mark, it also helps them identify spheres, where work-force needs to be more concentrated. It also helps managers to explore alternatives while assigning teams to projects or understand what implemented methods would increase sales and productivity.
•    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.
•    Crisis anticipation- Business analysis has you prepared for both good and bad times. Its predictability model often helps you understand and anticipate a crisis that might affect the entire market or just your organization, well in advance.
•    Assessment of change- Post every business review, problems are identified, suggested methods are implemented and outcomes are discussed. Teams are intimidated and asked to bring about certain changes in their work processes, However, to note if all of that has actually brought about a positive impact and removed or at least reduced the problem to an extent, is only possible through a business analysis.

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

Knowledge and Skills required for the Business Analysis

Candidates gain quick success if they have analytical bent of mind and good communication skills.

Business Analysis Practice Exam Objectives

Business Analysis exam focuses on assessing you in concepts and application of requirements analysis, concept generation, prototyping and testing.

Business Analysis Practice Exam Pre-requisite

There are no prerequisites for the Business Analysis exam.

Business Analysis Certification Course Outline

1. Business Analysis Basics
1.1 What is Business Analysis
1.2 What is the role of Business Analyst
1.3 Business Analysis History

2. Organisation Structure & Design
2.1 Organisation Structure
2.2 Formal Organisation
2.3 Work Specialisation
2.4 Departmental Choices
2.5 Organisation Design & Employee Behaviour
2.6 Product and Functional Organisation
2.7 Matrix Organisation
2.8 Project Organisation
2.9 Distribution of Authority

3. Requirements Development
3.1 Customer Data Collection and Analysis
3.2 Voice of Customer (VOC)
3.3 User Requirements
3.4 Conducting User Interviews
3.5 User or Focus Groups
3.6 Decision Making for Product Definition
3.7 Specifying the Product Definition

4. Requirements Analysis
4.1 Feasibility Study
4.2 Project Scope
4.3 Risk Assessment
4.4 Estimation
4.5 Validate Requirement
4.6 Verify Requirement

5. Requirements Modeling
5.1 Business Domain Model
5.2 Data Models
5.3 Flow Models
5.4 UML and UML Tools
5.5 CASE and CASE Tools
6. Specifications
6.1 What are Specifications?
6.2 Characteristics of Specifications
6.3 Detailing User Requirements
6.4 Common Design Needs
6.5 Requirements to Specifications
6.6 Quality Function Deployment (QFD)
6.7 User Requirements Priority and Kano Model
6.8 Documenting User Requirements

7. Concept Generation, Selection and Testing
7.1 Concept Generation Basics
7.2 Techniques to Promote Concept Generation
7.3 Creative Thinking
7.4 Problem Solving
7.5 Brainstorming
7.6 Nominal Group Technique (NGT)
7.7 6-3-5 Brainwriting
7.8 Morphological Analysis
7.9 TRIZ
7.10 Axiomatic Design
7.11 Concept Selection
7.12 Pugh Concept Selection
7.13 Weighted Decision Matrix
7.14 Analytical Hierarchy Process
7.15 Multi-Voting
7.16 Decision Making
7.17 Concept Testing

8. Prototyping
8.1 What is a wireframe?
8.2 What is a prototype?
8.3 What is a mockup?
8.4 Prototype Categories
8.5 Prototype vs. a final product
8.6 Why to Prototype
8.7 Prototyping Components and Techniques

9. Development
9.1 User Personas
9.2 User stories
9.3 SRA/SDS
9.4 Scenarios
9.5 Product Requirements Document or PRD
9.6 FSD and BRD
9.7 Performing Affinity Mapping
9.8 Creating Storyboards

10. Agile and Scrum Basics
10.1 Agile Basics
10.2 Agile Manifesto
10.3 Agile Principles
10.4 Agile Methods
10.5 Scrum Overview
10.6 Scrum Theory
10.7 Scrum Values
10.8 Scrum Advantages

11. Developing Business Analysis Skills
11.1 Business Analysis Skills
11.2 Communication Skills
11.3 Critical and Systems Thinking
11.4 Negotiation Skills

Exam Format and Information
Certification name – Business Analysis Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199