Module 5: Business Analysis Domain Flashcards
What are the 5 steps of business analysis?
Hints: PEAME
- BA planning
- Needs analysis
- Elicitation of requirements
- Tracing and monitoring
- Solution evaluation.
What are some key activities that take place during the BA planning stage?
Identify stakeholders. requirements management, define evaluation plan, determine lifecycle
T/F: The business analysis plan is the same as the requirement plan.
False, Req plan is done by the PM after handoff.
The general phases of the needs analysis step follow the ABCDEF acronym. What does it stand for?
A. Aspire -NA starts occurs here
B. Business Case.
C. Create charter
D. Develop plan for sol
E. Execute Plan
F. Finish plan
What are the official steps of Needs Assessment Process
I Always Dive Deeper Faster So Ahaha
- Identify problem
- Assess current state
- Determine future state
- Determine viable options
- Facilitate project roadmap
- Support charter development
- Assemble business case.
When identifying the problem in needs analysis, the ____ statement is an output of the process.
Situation
Generally, how should the situation statement be worded?
Problem of ___
has the effect of ___
with the impact of ___
What are some data collection techniques used to determine current state in needs analysis?
Document analysis, interviews, observations and questioning.
What are some tools that can be used to determine current state in needs analysis?
Pareto diagram
Process flow diagrams
Value stream maps
Root cause analysis
Ishikawa (fishbone) diagrams
5 Whys
SWOT Analysis
What does SWOT stand for?
Strength, weaknesses, opportunities and threats.
What are some tools that can be used to determine future state in needs analysis?
Affinity diagram
Feature model
Gap analysis
Kano Analysis
Process flow
Alignment model
Solution capability matrix.
What is this an example of?
Affinity diagram
What is this an example of?
Feature model
Solutions should be ____ goals?
SMART
What does SMART stand for?
Specific
Measurable
Attainable
Relevant
Time Based
Defn: Cost-benefit analysis
A tool that compares components/benefits to cost and is included in a business case.
_____ Pulls information from sources
Elicitation
Some elicitation techniques are:
Brainstorming, document analysis, workshops, focus groups, interviews, observations, surveys and prototyping.
Defn: Feature injection
Features that provide immediate value. Provides guides to teams to analyze only high value features.
What are some valuation techniques?
Return on investment
Net present value
Rate of return
Payback period
Defn: Internal rate of return
The rate at which cash inflows equal cash outflows without consideration of external factors
A ___ ROR = Larger return on project
Larger
Defn: Net present value
Helps determine whether an investment will provide value.
____ NPV = greater the value an option is expected to provide
Larger
Payback period
Time needed to recover an investment
___ paypack period = larger risk
Longer
Defn: Return on Investment
% return on initial investment
ROI Formula
Net profit / cost of investment
What are the outputs of a business analysis?
Feasibility study results and recommended solution
What are 3 techniques used to create a roadmap?
Feature model, product visioning and story mapping.
What 5 things should a business case entail?
I Am Really Calm and Eager
- Identifying problem
- Analyze situation
- Recs.
- Cost-benefits
- Evaluation
What 3 things must be done during requirements analysis?
Ensuring stkh understand reqs
Present reqs with detail
Ensure stkh see business value of project.
What generally occurs during the anaylsis stage in business analysis?
- Gather background information to identify current state of problem.
- Identify root causes and key components.
- Get reqs from stakeholders
- Define desired future state.
___ models are categorized by their primary subject matter.
Analysis
Some examples of analysis models are:
scope models, process models, rule models, data models, and interface models.
User stories, which are used in process models, should follow the INVEST acronym. What does it stand for?
Independent, negotiable, valuable, estimable, small and testable.
Defn: tracibility
monitors product reqs from origin of their deliverables
Defn: acceptance criteria
concrete and demonstrable conditions that have to be met for the business stkh to accept project.
When should solution evaluation occur?
Before and during projects.
What are the three test driven approaches to development?
- Test driven
- Acceptance test driven
- Behavior test driven
When is project performance measured in a predictive cycle?
At the end
When is project performance measured in an adaptive cycle?
Incrementally
Question to ask during Validation?
Are we building the right product?
When does validation occur?
Before implementation
What question to ask during verification?
Are we building the product right?
When does verification occur?
May occur before or after validation.
What are the two types of verification?
Peer review and inspections
