Business Analysis Foundation Flashcards
What is business analysis?
The definition of requirements for improving processes and systems, reducing their costs, enhancing their sustainability, and the quantification of potential business benefits.
The business change lifecycle
Alignment, Definition, Design, Implementation, Realisation
Principles of business analysis
-Root causes not symptoms
-Business improvement not IT system change
-Options not solutions
-Feasible, contributing requirements, not meeting all requests
-Entire business change lifecycle, not just requirements definition
-Negotiation not avoidance
What does the vertical bit of a T shaped model mean?
Deep skill in specialist discipline
What does the horizontal bit of a T shaped model mean?
Broad, generic skills across other disciplines
Name 3 compenties of a business analyst
personal qualities, business knowledge, professional techniques
What is strategy?
Strategy provides a foundation for the organisation to succeed through aligning execution with the context of its internal and external environment.
Linear strategy development
Linear strategy is a sequential approach to achieving organizational goals
Hybrid strategy development
blend the approaches and apply a hybrid mix of adaptive and linear strategy development, focused on developing new products or services
PESTLE
Political
Economic
Socio-cultural
Technology
Legal
Environmental
.
VMOST
Vision, Mission, Objectives, Strategy, Tactics
Critical Success Factors (CSF)
Qualitative descriptions of the critical factors that must be in place for the organisation to achieve defined objectives
Key Performance Indicators (KPIs)
Quantitative (SMART) measurements of performance that track the achievement of CSFs
SWOT Analysis
Strength, Weakness, Opportunities, Threats
Business model canvas
the way an organisation is designed to deliver products and services to customers
