1. Business Analysis Core Concept Model
1.1 Change:
- 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.
1.2 Need:
- 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.
1.3 Solution:
- 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.
1. 4 Stakeholder
- 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.
1.5 Value
- 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.
1. 6 Context
- 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.
2. Key terms:
2. 1. Business Analysis: the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders.
2.2 Business analysis information refers to the broad and diverse sets of information that business analysts analyze, transform, and report.
2.3 Design is a usable representation of a solution. Design focuses on understanding how value might be realized by a solution if it is built.
2.4 Enterprise is a system of one or more organizations and the solutions they use to pursue a shared set of common goals.
2. 5 Organization
An autonomous group of people under the management of a single individual or board, that works towards common goals and objectives.
2.6 Plan is a proposal for doing or achieving something. Plans describe a set of events, the dependencies among the events, the expected sequence, the schedule, the results or outcomes, the materials and resources needed, and the stakeholders involved.
2.7 Requirement:
A requirement is a usable representation of a need. Requirements focus on understanding what kind of value could be delivered if a requirement is fulfilled. The nature of the representation may be a document (or set of documents), but can vary widely depending on the circumstances
2.8 Risk
Risk is the effect of uncertainty on the value of a change, a solution, or the enterprise.
3. Stakeholder:
3.1 The business analyst is inherently a stakeholder in all business analysis activities. The business analyst is responsible and accountable for the execution of these activities.
3.2 Customer uses or may use products or services produced by the enterprise and may have contractual or moral rights that the enterprise is obliged to meet.
3.3 Domain Subject Matter Expert is any individual with in-depth knowledge of a topic relevant to the business need or solution scope.
3.4 End Users are stakeholders who directly interact with the solution
3.5 Operational support is responsible for the day-to-day management and maintenance of a system or product.
3.6 Project Managers are responsible for managing the work required to deliver a solution that meets a business need, and for ensuring that the project's objectives are met while balancing the project factors including scope, budget, schedule, resources, quality, and risk.
3.7 Regulators are responsible for the definition and enforcement of standards.
3.8 Sponsors are responsible for initiating the effort to define a business need and develop a solution that meets that need.
3.9 A supplier is a stakeholder outside the boundary of a given organization or organizational unit.
3.10 Testers are responsible for determining how to verify that the solution meets the requirements defined by the business analyst, as well as conducting the verification process.
The above mentioned key terms describes the foundation for all other content, concepts and ideas that provide business analysis with the understanding of central ideas necessary in order to get employed and attain required success in the business world.
ReplyDeleteChapter 2 deals with the key tips that are required to understand the basic concepts of business analysts. moreover, that how can be one person should be successful in this field.
ReplyDeleteThis blog depicts the valuable information provided in the starting chapters. I personally learned that important concepts which are polished in this blog. The thing from which I was really impressed was the core model of Business Analysis which includes the change, needs and the solutions to the business.
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