1. Understanding Business Analysis
Defining Business Analysis
The Business Analysis Standard
Business Analysis enables change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders, while considering context.
There are several important concepts to understand in this definition:
The act of transformation in response to a need.
A problem or opportunity to be addressed.
A specific way of satisfying one or more needs in a context.
The worth, importance, or usefulness of something to a stakeholder within a context.
A group or individual with a relationship to the change, the need, or the solution.
The circumstances that influence, are influenced by, and provide understanding of the change.
Together, these concepts form the Business Analysis Core Concept Model™ (BACCM™).
Business analysis is a researched and studied discipline with well-defined principles, concepts, and practices. These drive frameworks, approaches, processes, procedures, techniques, and competencies that together help business analysis professionals and organizations create desired outcomes. When effectively applied, business analysis ensures that every person achieves more.
