What is Business Analysis? And what is a Business Analyst?

Рет қаралды 15,340

Күн бұрын

Project Management and Business Analysis. It's like strawberries and cream - you can't have one without another. But what is Business Analysis and what does a Business Analyst do?
Business Analysis is the process of identifying business needs and determining solutions to business problems. So, Business analysts work with organizations to help them improve their processes, systems, services, and systems. Their toolset is that of research, analysis, and presentation.
Therefore, the role of a Business Analyst is principally to:
• Research, understand, and document business systems. This includes understanding how different systems interact, to form the whole. Systems include people, technology, processes, policies, and strategy
• Gather and document requirements from the full range of stakeholders, and to evaluate them for overlaps and conflicts
• Identify and evaluate actions to resolve problems or make improvements
Some Business Analysts specialize, for example, in:
• Strategic business analysis
• Business operating model (or business model)
• Business Process analysis and design
• Systems Analysis
Just as Project Managers have our Bodies of Knowledge - most notably the PMI’s Guide to the Project Management Body of Knowledge - the PMBOK Guide… So, the International Institute of Business Analysis has its Guide to the Business Analysis Body of Knowledge (BABOK® Guide). This is the standard for the practice of business analysis.
This has sections on:
• the Key Concepts of Business Analysis
• Underlying Competencies (also called Knowledge Areas) - there are 6
• Techniques - 50
The Six Knowledge Areas (or Core Competencies) of the BABOK Guide:
• Business Analysis Planning and Monitoring
• Elicitation and Collaboration
• Requirements Life Cycle Management
• Strategy Analysis
• Requirements Analysis and Design Definition
• Solution Evaluation
The current (third) edition of the BABOK Guide defines Business Analysis as:
"Business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. Business analysis enables an enterprise to articulate needs and the rationale for change, and to design and describe solutions that can deliver value.
Business analysis is performed on a variety of initiatives within an enterprise. Initiatives may be strategic, tactical, or operational. Business analysis may be performed within the boundaries of a project or throughout enterprise evolution and continuous improvement. It can be used to understand the current state, to define the future state, and to determine the activities required to move from the current to the future state."
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Пікірлер: 20

@Onlinepmcourses 2 жыл бұрын

There's a bit of 'it's obvious' and there's a bit of 'I can't really get my head around it' about what Business Analysts really do. So, let me take you through it in a structured way. Let's analyze Business Analysis!

@Onlinepmcourses 2 жыл бұрын

Thank you for watching - please do subscribe to the channel and, to join my community, sign-up at onlinepmcourses.com/assets440251/the-onlinepmcourses-newsletter/

@TheXoXoXo143 2 жыл бұрын

Woah. How synchronistic!!! I have to turn in a business analysis next week for my operation management class 😱 The last video you guys on Gantt charts was also just in time for my project management class last week😆 You guys are amazing; you guys have great content 🙌🏼

@Onlinepmcourses 2 жыл бұрын

Maybe I'm watching you... Except>>> like every good PM, I plan and prepare these several weeks ahead! Glad they are helping you, though.

@kiranjeetkaur6031 2 жыл бұрын

Hey mr. mike , I’m again here and just like my previous experience , your video and method of explanation is just amazing. Now, all clear with business analysis. Keep going like this man .

@Onlinepmcourses 2 жыл бұрын

Thank you - loads more good stuff to come!

@tropicalsunshine4689 2 жыл бұрын

I love this video, you have given the best relatable explanation. Most persons have given info on postions in IT. Thanks for making this.

@Onlinepmcourses 2 жыл бұрын

Glad it was helpful!

@gbems1898 Жыл бұрын

Great video. Clear and concise. I enjoy Dr Mikes teaching style. I would love for him to do more BA related videos

@Onlinepmcourses Жыл бұрын

Thank you. Unfortunately, I have never been a Business Analyst - nor had any formal training. So, I don't anticipate making much BA content.

@uwentv5302 2 жыл бұрын

Thank you! You are a man of your word! Kind regards, Bert B. 😀

@Onlinepmcourses 2 жыл бұрын

My pleasure! It's a good topic - thank you for suggesting it.

@Juicingwithmaddy Жыл бұрын

You made this easy to understand 👏

@Onlinepmcourses Жыл бұрын

Thank you.

@MichelleCoates5hellie4nne 2 жыл бұрын

Hey Mike - I'm a Continuous Improvement Officer, so use DMAIC/Lean Six sigma etc. I'm still not super clear on the difference between what I do and what a BA does- It seems we desire the same outcomes, is it the approach that is different? Many thanks

@Onlinepmcourses 2 жыл бұрын

I've not worked with Continuous Improvement Officers, so I can't be sure. But I suspect that the BA role is traditionally about helping design the changes that will be implemented by a project... discontinuous improvement. So, I would expect your role is pretty similar - just focused on smaller, incremental improvements. That said, of course, with more agile projects in play, BAs are also working on series of smaller, incremental changes too. It may be there is not much difference between what you do and what a BA does!

@IkechukwuArukwe-ir4eo Ай бұрын

By your explanation, you have made me develop interest to study business analysis. How do I have access to the BABOK GUIDE. Is this program run in Nigeria?

@Onlinepmcourses Ай бұрын

I'm afraid I don't know what courses are available in Nigeria. And if you want a copy of the BABOK Guide, you can buy it online or start with www.iiba.org/career-resources/a-business-analysis-professionals-foundation-for-success/babok/ - The IIBA is the creator of the guide and the main professional body for Business Analysts. They may well list training providers in each country.