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Chapter 9 - Understanding and applying business analysis

Underlying Competencies The Underlying Competencies chapter provides a description of the behaviors, characteristics, knowledge, and personal qualities that support the practice of business analysis. The knowledge of Underlying Competencies enable us to to be accomplished and adaptable business analysts. These competencies are grouped into six categories: • Analytical Thinking and Problem Solving  • Behavioral Characteristics  • Business Knowledge  • Communication Skills  • Interaction Skills • Tools and Technology   In this blog we will talk about these tools. Analytical Thinking and Problem Solving Analytical thinking and problem solving is a kind of skill, that helps business analysts to analyze problems and opportunities effectively and identifying which are relevant. Analytical thinking and problem solving is a way to utilize the easiest process of understanding the situations, the value of proposed changes, and other complex ideas. Analytica

Chapter-2 Business Analysis Key Concepts

Business analysis planning and Monitoring The Business Analysis Core Concept Mode (BACCM) is a theoretical structure for business investigation. Business analysts can gain deeper understanding of business problems being solved, by applying these BACCM six core concepts. The six core concepts in the BACCM are Change, Need, Solution, Stakeholder, Value, and Context. All these concepts are equally important to be an effective business analyst and helps to understand the information we analyse. Change - The demonstration of change because of a need. Business analyst do some changes in a work to increase the performance of the company. Need - A need could be a problem and opportunity for a business or new constraint that imposed. Solution - By making changes there is need of solution for resolving the issues. Stakeholder - Stakeholders are grouped based on their relationship to the needs, changes, and solutions. Value - Company value increases with the profit and d

Chapter 1- Introduction to Business Analysis

Purpose of B.A.BOK ? The original purpose of BABOK Guide is to define the working of Business Analysis and provides  a collection of commonly accepted practices. It helps a business analyst define and discuss the required skills important to perform business analysis work. It also helps to understand the people who work with business analyst to know the skill set required by the person they are hiring. This guide is a common structure for all perspective, defining B.A. tasks that are conducted to properly analyze a change or evaluate the required for a change. Six knowledge areas of BABOK Business Analysis Planning and Monitoring : It is start the process of project with analyzing the information without the concern about ending the project. Elicitation and Collaboration: It is practice of research and discovering the requirement from users customers and stakeholders. Requirements life-cycle management : In order to manage and maintain requirements and design informa