In this BABOK v3 Tutorial, we explore the importance of strategic analysis in the business analysis world. This is an important chapter in BABOK, which is a knowledge area and important for CBAP and CCBA Exam preparation.
00:00 Introduction to Strategy Analysis
03:20 Analyze Current State
11:46 Define Future State
20:22 Assess Risks
27:05: Define Change Strategy
We will cover:
1. Elements of Strategic Analysis:
Detailed breakdown of key elements including business needs, organizational structure, capabilities, and technology.
Emphasis on the importance of understanding internal assets, policies, and the overarching business architecture.
2. Analyzing Current State:
Insight into the sources of business needs, such as external factors, organizational structure, and current capabilities.
Exploration of current assets, policies, and the overall business architecture.
3. Defining Future State:
Importance of setting SMART goals for the future state.
Identification of potential value, business objectives, and the scope of possible solutions.
4. Risk Analysis and Tolerance:
Discussion on managing unknowns, constraints, assumptions, and dependencies.
Highlighting the critical aspect of risk tolerance and its three levels.
5. Change Strategy and Business Case:
Explanation of creating a business case based on the analysis.
Overview of solution scope, gap analysis, enterprise readiness assessment, and the formulation of a change strategy.
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