2 Key Concepts Flashcards
Business Analysis Core Concept Model is…
... a conceptual framework for business analysis. The core concepts are: - Change - Need - Solution - Stakeholder - Value - Context.
Change is…
… the act of transformation in response to a need.
Change works to improve the performance of an enterprise, deliberated and controlled through BA activities.
Need is…
… a problem or opportunity to be addressed.
Needs can cause changes by motivating stakeholders to act, though changes can cause more needs.
Solution is…
… a specific way of satisfying one or more needs in a context.
A solution satisfies a need by resolving a problem or taking advantage of an opportunity.
Stakeholder is…
… a group or individual with a relationship to the change, the need, or the solution.
Stakeholders are often defined in terms of interest in, impact on, and influence over the change.
Value is…
… the worth, importance, or usefulness of something to a stakeholder within a context.
Value can be seen as potential or realized returns, gains, and improvements. It is also possible to have a decrease in value in the form of losses, risks, and costs.
Tangible Value is…
… value that’s directly measurable.
It often has a significant monetary component.
Intangible Value is…
… value that’s measured indirectly.
It often has a significant motivational component, such as a company’s reputation or employee morale.
Context is…
… the circumstances that influence, are influenced by, and provide understanding of the change.
It is everything relevant to the change that is within the environment such as attitudes, behaviours, beliefs, etc.
Business Analysis is…
… the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders.
Business Analysis Information is…
… information of any kind—at any level of detail—that is used as an input to, or is an output of, business analysis work.
E.g. elicitation results, requirements, designs, solution options, etc.
Design is…
… a usable representation of a solution that focuses on how value might be realized by a solution if it is built.
Enterprise is…
… a system of one or more organizations and the solutions they use to pursue a shared set of common goals.
Enterprise boundaries can be defined relative to the change and need not be constrained by the boundaries of a legal entity, organization, or organizational unit.
Organization is…
… An autonomous group of people, managed by a single individual or board, that works towards common goals and objectives.
It often has a clearly defined boundary and operates on a continuous basis.
Plan is…
… a proposal for doing or achieving something.
Plans describe a set of events, dependencies, expected sequence, schedule, results or outcomes, materials and resources needed, and stakeholders involved.