Business Analysis Key Concepts (ch.2) Flashcards
What are the 5 types of key concepts?
- Business Analysis Core Concept Model™ (BACCM™)
- Key Terms
- Requirements Classification Schema
- Stakeholders
- Requirements and Designs
What is the purpose of Business Analysis Core Concept Model™ (BACCM™)?
Key concepts classification
defines a
conceptual framework for the business analysis profession.
What is the purpose of Key terms?
Key concepts classification
provides definitions of essential concepts, which are highlighted because of their importance to the BABOK® Guide.
What is the purpose of Requirements Classification Schema?
Key concepts classification
identifies levels or types of requirements that assist the business analyst and other stakeholders in categorizing requirements.provides definitions of essential concepts, which are highlighted because of their importance to the BABOK® Guide.
What is the purpose of Stakeholders?
Key concepts classification
defines roles, and characteristics of groups or individuals participating in or affected by the business analysis activities within a change.
What is the purpose of Requirements and desings?
Key concepts classification
describes the distinction between—and the importance of—requirements and designs as they relate to business analysis.
What are the 6 concepts of BACCM?
- Change
- Need
- Solution
- Stakeholder
- Value
- Context
What is the description of Change?
6 concepts of BACCM
The act of transformation in response to a need.
Change works to improve the performance of an enterprise.
These improvements are deliberate and controlled through business analysis activities.
What is the description of Need?
6 concepts of BACCM
A problem or opportunity to be addressed.
Needs can cause changes by motivating stakeholders to act.
Changes can also cause needs by eroding or enhancing the value delivered by existing solutions.
What is the description of Solution?
6 concepts of BACCM
A specific way of satisfying one or more needs in a context.
A solution satisfies a need by resolving a problem faced by stakeholders or enabling stakeholders to take advantage of an opportunity.
What is the description of Stakeholder?
6 concepts of BACCM
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. Stakeholders are grouped based on their relationship to the needs, changes, and solutions.
What is the description of Value?
6 concepts of BACCM
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.
Value can be tangible or intangible. Tangible value is directly measurable. Tangible value often has a significant monetary component. Intangible value is measured indirectly.
Intangible value often has a significant motivational
component, such as a company’s reputation or employee morale.
In some cases, value can be assessed in absolute terms, but in many cases is assessed in relative terms: one solution option is more valuable than another from the perspective of a given set of stakeholders.
What is the description of Context?
6 concepts of BACCM
The circumstances that influence, are influenced by, and provide understanding of the change.
Changes occur within a context. The context is everything relevant to the change that is within the environment.
Context may include attitudes, behaviours, beliefs,
competitors, culture, demographics, goals, governments, infrastructure, languages, losses, processes, products, projects, sales, seasons, terminology, technology, weather, and any other element meeting the definition.
What are the (8) Key Terms?
- Business Analysis
- Business Analysis Information
- Design
- Enterprise
- Organization
- Plan
- Requirement
- Risk
Business Analysis definition
Key Terms
The BABOK® Guide describes and defines business analysis as the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders.
Business Analysis Information definition
Key Terms
Business analysis information refers to the broad and diverse sets of information that business analysts analyze, transform, and report. It 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. Examples of business analysis information include elicitation results, requirements, designs, solution options, solution scope, and change strategy.
It is essential to expand the object of many business analysis activities from ‘requirements’ to ‘information’ to ensure that all inputs and outputs of business analysis are subject to the tasks and activities described in the BABOK® Guide. For example, when performing ‘Plan Business Analysis Information Management’ it includes all the examples listed above. If the BABOK® Guide described ‘Plan Requirements Management’, it would exclude important outputs like elicitation results, solution options, and change strategy.