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\nWhat is Business Analysis? And what is a Business Analyst?\n

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\nProject Management and Business Analysis. It's like strawberries and cream - you can't have one without another. But what is Business Analysis and what does a Business Analyst do?Business Analysis is the process of identifying business...\nProject Management and Business Analysis. It's like strawberries and cream - you can't have one without another. But what is Business Analysis and what does a Business Analyst do?

Business Analysis is the process of identifying business needs and determining solutions to business problems. So, Business analysts work with organizations to help them improve their processes, systems, services, and systems. Their toolset is that of research, analysis, and presentation.

Therefore, the role of a Business Analyst is principally to:
• Research, understand, and document business systems. This includes understanding how different systems interact, to form the whole. Systems include people, technology, processes, policies, and strategy
• Gather and document requirements from the full range of stakeholders, and to evaluate them for overlaps and conflicts
• Identify and evaluate actions to resolve problems or make improvements

Some Business Analysts specialize, for example, in:
• Strategic business analysis
• Business operating model (or business model)
• Business Process analysis and design
• Systems Analysis

Just as Project Managers have our Bodies of Knowledge - most notably the PMI’s Guide to the Project Management Body of Knowledge - the PMBOK Guide… So, the International Institute of Business Analysis has its Guide to the Business Analysis Body of Knowledge (BABOK® Guide). This is the standard for the practice of business analysis.
This has sections on:
• the Key Concepts of Business Analysis
• Underlying Competencies (also called Knowledge Areas) - there are 6
• Techniques - 50

The Six Knowledge Areas (or Core Competencies) of the BABOK Guide:
• Business Analysis Planning and Monitoring
• Elicitation and Collaboration
• Requirements Life Cycle Management
• Strategy Analysis
• Requirements Analysis and Design Definition
• Solution Evaluation

The current (third) edition of the BABOK Guide defines Business Analysis as:

\"Business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. Business analysis enables an enterprise to articulate needs and the rationale for change, and to design and describe solutions that can deliver value.
Business analysis is performed on a variety of initiatives within an enterprise. Initiatives may be strategic, tactical, or operational. Business analysis may be performed within the boundaries of a project or throughout enterprise evolution and continuous improvement. It can be used to understand the current state, to define the future state, and to determine the activities required to move from the current to the future state.\"\n
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Resource Details

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Media Length
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7:38
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Grade
10th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nOnline PM Courses\n\n
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Date
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2022
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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Concepts

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solutions, design, work, enterprise
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Additional Tags

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business analysis, business analyst, what does a business analyst do, business analyst roles and responsibilities, business analyst skills, business analytics, who is a business analyst, business analysis process, babok, babok guide, guide to the business analysis body of knowledge, business analysis body of knowledge, strategic business analysis, business operating model, systems analysis, baybok guide, future state, business problems, systems analysts, includes understanding, systems, requirements, processes, policy, edition, process, knowledge, procedures, projects, understand, stakeholders, finally, identify, threats, focus, make, organization, strategic
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