2. Business Analysis Techniques Flashcards

1
Q

Name 3 investigation techniques

A
Interviews
Workshops
Observation
Shadowing
Questionnaires
Document analysis
Focus groups
Sampling
Special purpose records
Scenarios
Prototyping
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2
Q

Name 2 pros and cons of;
Interviews
Workshops

A
Interviews
- Biased
- Time consuming
\+ Build rapport
\+ Detail
Workshops 
- Disruptive to workplace
- Difficult to bring everything together
\+ Gain a consensus
\+ Buy in and acceptance
\+ Creative atmosphere
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3
Q

Name 2 pros and cons of;
Observation
Focus groups

A

Observation
- Observation affect - Not carrying out a task as your truly would due to being observed
- Distracting to BAU
+ Verification of understanding and findings
+ Less disruptive to business than workshops
+ Good way of gathering tactic knowledge

Focus groups
- Results often influenced by researcher
- Participants may hold back in their response
\+ Interactive group setting
\+ Gain opinions/feedback
\+ Supplement other techniques
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4
Q

Name 2 pros and cons of;
Questionnaires
Document Analysis

A

Questionnaires
- Low response rate
- Difficult to design without influence and to be understood by all
+ Widely dispersed, no geographical barriers
+ Anonymous responses
+ Can target large numbers

Document analysis
- Out of date
- May not be being followed by business
\+ Supplement other techniques
\+ Less disruptive to business
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5
Q

Name a technique used to document existing business situations

A

As is process mapping, problem statements, background information all form business case and highlight areas for change

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6
Q

What is Stakeholder Analysis

A

Having identified Stakeholders we need to assess the weight of their issues, no stakeholders should be ignored however the approach to each will be different.

This is due to their Level of interest in the project and their level of power/influence over it. e.g. Project sponsor, influence high, interest may be high. End user influence may be low/some however interest is most likely high

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7
Q

Name a Technique used to identify Stakeholders

A

Stakeholder Wheel is used to identify the stakeholders that are internal to the organisations as well as external. It helps as a check list to identify and categorise the stakeholders under eight generic categories. Partners, Suppliers, Regulators and legal bodies, Employees, Managers, Owners, Competitors, Customers

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8
Q

Name the categories of a Stakeholder

A

Partners, Suppliers, Regulators and legal bodies, Employees, Managers, Owners, Competitors, Customers
Business, SME, external

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9
Q

Name a technique to analyse and prioritise stakeholders

A

Power/interest grid, by mapping stakeholders where they currently are we can then manage them accordingly

or if advantageous to, look at strategies to move them to where would be most successful for our project.

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10
Q

Strategies for on-going stakeholder communication and management

A

RACI chart by mapping stakeholders by their interest and responsibilities we can track when we need to get them involved, what communications they should receive and be transparent in what we expect from them in terms of involvement.

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11
Q

What benefits are there to understanding the Stakeholder perspective

A

Identify ‘soft’ issues early in the project.
Business change includes stakeholders, if we understand their perspective we can support and manage them through the change must more effectively
Identify potential for conflicts

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12
Q

Name a technique to analyse a Stakeholder’s perspective

A

CATWOE is a tool for analysing a Stakeholder’s business perspective on the end result
Customer (Target audience)
Actors (In transfromation)
Transformation (Core processes)
Worldview (What the organisation should be doing and why, BAU not project, Resource + view + objective)
Owner (Key decision maker)
Environmental (PESTLE)

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13
Q

What would you suggest in order to resolve conflicts in stakeholder perspective?

A

Start by defining the stakeholders perspective if not yet done, utilising CATWOE? Identify the source of conflict, look for commonality in perspectives
Get stakeholders together to discuss in open ground
Workshop

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14
Q

What is the rationale for modelling a conceptual view of activities for a specific perspective

A

Identify the minimum activities needed in order to implement a business perspective, identify areas not thought about.
New processes required in order to achieve the transformation identified by the stakeholder perspective

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15
Q

Name a technique of modelling a conceptual view of business activities

A

Business activity modelling

Process modelling is for detail! not for concepts

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16
Q

Name some types of business activities

A

5 types
Plan (resources, constraints and performance targets)
Enable (Sales, purchasing, recruitment)
Do (Turn input into output, primary task i.e. Sell shoes!)
Monitor (KPIS, customer satisfaction)
Control (Take controlling action)

17
Q

What are the dependencies between the business activities

A

Doing activities can only be performed if enabling activity has occurred, enabling activity can only take place if planning activity has occurred.

Monitoring can only be done if ‘Doing’ has occurred!

18
Q

What is the relationship between a business perspective and the corresponding business activities

A

The activities are the minimum needed in order to implement the business perspective and meet the organisational objectives

19
Q

Names the types of business events and give an example of each

A

External
Internal
Time-based

20
Q

Why do we analyse business events

A

Events are real-world occurrences that require a response by the organisation. by performing analysis upon them we can identify when to expect them and how best to approach these events

21
Q

Name a type of business rule

A

External Constraints on the organisation, including external legal and regulatory
constraints
Internal policies
Internal procedures

22
Q

What is the relevance of business rules to business process and system process
modelling

A

Business rules govern how an activity is performed, underpinning the way an organisation works.
Basis for decision making and processes

23
Q

What is Gap analysis and why do we do it

A

A comparison of the desired future and the current situation “as is vs to be”
Helps us to gain a view of our current situation and the changes or additional inputs processes and outputs we need to get to where we want to be

24
Q

What is a technique for performing Gap analysis

A

For each activity identified on the BAM, when analysing stakeholder perspectives we evaluate against our current
create process maps of the as is and the to be to identify the gaps between the two systems

Techniques used in gap analysis:
o to represent the existing business situation
o to represent the desired business situation
o to analyse areas of activity
o to identify potential actions for business improvement

25
Q

What is the role of Gap analysis in Identifying actions and options for business change

A

Gap analysis helps us to identify the areas for potential business improvement or gaps to a proposed business change

26
Q

What is MOST analysis and what is used for

A

Tool for analysing or planning the detail of what an organisation does. It helps frame questions, starting from the high-level mission of the organisation and digging right down to the detail of individual tactics.

Mission - a statement declaring what business the organisation is in, and what it is attempting to achieve
Objective - the goals against which the organisation’s achievements can be measured
Strategy - the approach that is going to be taken by the organisation in order to achieve the objectives and mission
Tactics - the detailed means by which the strategy will be implemented.

27
Q

What is SARAH?

A

Shock, anger, rejection, acceptance, hope

The stages people go through when experiencing a change

By understanding the change model, change agents, who are also business analysts in some organizations, can assist stakeholders by providing the support they need from the inception of the project until implementation. Depending on the personality of the stakeholder and their circumstances

28
Q

What is LCBC

A

Life cycle for business change

Alignment - BA aims to understand organisation
Definition - Investigate, issues, views, concerns and reqs
Design - Solution design
Implementation
Realisation - of benefits, tracking if needs met

All items build the business case

29
Q

What is the role of a BA within the LCBC?

A

Ensure the business needs are identified, implemented and benefits met throughout change process

Involved in strategy implementation following analysis of internal organisation, external factors and stakeholders involved in change.

Creation of business case and documentation of requirements and processes

30
Q

What is the balanced business scorecard

A

A strategy map looking at strategy over four perspectives. Making sure we look at both financial and non-financial perspectives and the way that the components of strategy are interlinked i.e. there is cause and effect

These are:
financial
customer
process
learning.

Framework for creating KPIs to achieve the business strategies. Looks at the measures directly reflecting strategy

31
Q

Why do companies use the BBS

A

Companies are using the scorecard to:
• Clarify and update budgets
• Identify and align strategic initiatives
• Conduct periodic performance reviews to learn about and improve strategy

32
Q

5 steps of understanding the business context

A
ICAED
Investigate situation
Consider perspectives
Analyse needs
Evaluate options
Define requirements