1. The Business Context Flashcards
Name a technique for looking at a holistic view of a buisness through change
Utilising the POPIT model ensures an analyst considers all internal factors when identifying areas for improving the business system:
Processes,
Organisation,
People,
Information and Technology
Give me 3 competencies of a business analyst
1 - Interpersonal skills
2 - Business Knowledge
3 - Professional techniques
Name 3 necessary Interpersonal skills of a BA
Communication, Relationship Building, Influencing, Team working, Political Awareness, Analytical skills and critical thinking, Attention to detail, Problem solving, Leadership, Self belief, Professional development.
Name 3 areas of Business functions a BA may require knowledge of
Business Finance, Business Case Development, Domain Knowledge, Subject Matter Expertise, Principles of IT, Organisation Structures, Supplier Management, Business Architecture.
Name 3 professional techniques of a BA
Project management, Strategy analysis, Stakeholder analysis and management, Investigation techniques, Requirements Engineering, Requirement analysis Requirement management Business Modelling, Data Modelling, Gap analysis, Facilitation skills, Portfolio management, Benefits management, Agile thinking.
Name a technique to analyse the influences from the external business envirment
PESTLE
Porters 5 forces
SWOT (OT)
Name a technique to analyse the capability of the internal business environment
SWOT (SW)
Porters value chain analysis
What is SWOT analysis
SWOT analysis consolidates internal and external analysis, summarising the current position and helping form a basis for strategy development.
Internal;
Strengths
Weaknesses
External;
Opportunities
Threats
What is PESTLE analysis
PESTLE analysis is a simple tool used to breakdown external impacting factors on a proposal into easily analysed and communicated pieces.
Political Environmental Socio-cultural Technological Legal Economic
What are CSF’s and give me an example
Critical Success Factors - Statements of the areas in which the business considers vital to its success e.g. Increase Market Share Through Current Customers.
What are KPI’s and give me an example
Key Performance Indicators - Areas to be monitored to measure whether each critical success factor is being achieved
KPI = metric + target
Growth in revenue for current customers
What are the stages of the lifecycle for business change
Alignment - BA aims to understand business strategy and objectives Definition - Investigation Design - Solution design Implementation Realism - Check solution meets needs
Why is Business analysis Important
Business analysis is an important part of making sure any business succeeds. In the ever changing professional environment businesses are constantly required to improve and change, business analysis identifies and prepares an organisation on the best opportunities and methods to meet the changing needs in like with our business objectives.
Name 3 benefits business analysis can offer an organisation
Specialist knowledge in an area
An unbiased view, opportunity for someone not bedded in to the function or organisation to take a holistic view of the project
Finance and the economy, business case development, understanding of the principles of IT
(Business domain knowledge, Subject Matter Expertise, Organisation Structures & Design, Supplier Management)
Why is it important to have a Holistic view of a business system
Able to look at all influencing factors and identify all internal factors that may be influenced by the proposed change, look at the wider ripples of a change and start to think about how to mitigate that. Not bedded in, birds eye view