Author Topic: Business Analysis???  (Read 7272 times)

VIJAY POGULA

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Re: Business Analysis???
« Reply #15 on: December 11, 2017, 01:01:14 pm »
By the definition business analysis is the discipline of recognizing business needs and finding solutions to various problems. It is a set of tasks and techniques which works as connection between stakeholders.

1173025809

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Re: Business Analysis???
« Reply #16 on: January 19, 2018, 03:44:02 pm »
'Business Analysis' is discipline of recognising business needs, gathering business requirements and finding solutions to various business problems, which includes a system development, business process improvement, change of organizations or strategic planning and legal policy development.
Business Analysis Life cycle :
It consists of seven areas like -
- Enterprise Analysis (EA)
- Requirements Elicitation (RE)
- Requirements Analysis (RA)
- Solution Assessment and validation (SA&V)
- Planning and Monitoring (P&M)
- Requirements Management and Communication (RM&C)
- Iterative Improvements (II)

1171921109

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Re: Business Analysis???
« Reply #17 on: January 21, 2018, 08:04:24 pm »
A business analyst works along with the technical team and acts as a liaison between stakeholder of the client and the technical team.  The business analyst understands business problem and opportunity in the context of the requirements and recommends solutions that enable the organization to achieve its goals.
.1) Understand what business does and how it does
2) Determine how to improve existing business processes
3) Identify the steps or tasks to support the implementation of new features
4) Design the new features to implement
5) Analyze the impact of implementing new features
6) Implement the new features
There are four types of requirements for business analysis
1) Business Requirements
2) Stakeholder Requirements
3) Solution Requirements
   a) Functional Requirements
   b) Non Functional Requirements
4) Transition Requirements.


Nitin John

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Re: Business Analysis???
« Reply #18 on: March 10, 2018, 03:30:31 pm »
Business analysis is a research discipline of identifying business needs and determining solutions to business problems. Solutions often include a software-systems development component, but may also consist of process improvement, organizational change or strategic planning and policy development.Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders.
The person who carries out this task is called a business analyst or BA

1170831310

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Re: Business Analysis???
« Reply #19 on: March 13, 2018, 11:34:53 pm »
Definition - Investigation into the operations of a business to expose the causes behind the results achieved, and the effects of those results on the business.

Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders.

1180356502

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Re: Business Analysis???
« Reply #20 on: March 21, 2018, 10:02:53 pm »
this(images) are indicating the business analyst work 

1180650901

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Re: Business Analysis???
« Reply #21 on: March 25, 2018, 10:56:50 pm »
itz a role about where you bring the best to company and yourself ,understanding the situation and reacting in it,
basically itz role of :

Understand the business -> Identify the need -> Define the project scope -> Elicit Requirements -> Analyze Requirements -> Document the requirements -> Communicate the requirements -> Model the requirements -> Solution assessment and validation

1172831810

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Re: Business Analysis???
« Reply #22 on: April 07, 2018, 04:54:51 pm »
Business analysis is a research discipline of identifying business needs and determining solutions to business problems. Solutions often include a software-systems development component, but may also consist of process improvement, organizational change or strategic planning and policy development. The person who carries out this task is called a business analyst or BA.

Business analysts do not work solely on developing software systems. Those who attempt to do so run the risk of developing an incomplete solution.

Although there are different role definitions, depending upon the organization, there does seem to be an area of common ground where most business analysts work. The responsibilities appear to be:

To investigate business systems, taking a holistic view of the situation. This may include examining elements of the organisation structures and staff development issues as well as current processes and IT systems.
To evaluate actions to improve the operation of a business system. Again, this may require an examination of organisational structure and staff development needs, to ensure that they are in line with any proposed process redesign and IT system development.
To document the business requirements for the IT system support using appropriate documentation standards.

1182057301

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Re: Business Analysis???
« Reply #23 on: May 19, 2018, 01:24:08 pm »
Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders.
Business Analysis Life cycle consists  of  seven areas:
Enterprise Analysis (EA)
Requirements Elicitation (RE)
Requirements Analysis (RA)
Solution Assessment &
Validation (SA&V)
Planning & Monitoring (P&M)
Requirements Management &
Communication (RM&C)
Iterative Improvements (II)

1181472704

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Re: Business Analysis???
« Reply #24 on: June 25, 2018, 08:21:26 am »
Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders.

1181471104

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Re: Business Analysis???
« Reply #25 on: June 27, 2018, 11:18:55 am »
A business analyst (BA) is someone who analyzes an organization or business domain (real or hypothetical) and documents its business or processes or systems, assessing the business model or its integration with technology.

Saranya Palanisamy

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Re: Business Analysis???
« Reply #26 on: August 23, 2018, 05:20:46 pm »
Business analysis is a set of practices that are used to analyze an organization, business unit or business process to understand and to solve business problems. The practice encompasses people, processes, and technology.

1180793807

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Re: Business Analysis???
« Reply #27 on: October 16, 2018, 11:40:52 pm »
business analysts is nothing but analysis of the need of some particular organisation or an individual and deliver them with proper solution or resolution so as to meet their demands. Generally, the term business analysis is associated with the software related demands or needs. Which means that the present scenario where big companies take up the project for clients have to do a thorough analysis before they can start up with their work of providing resolution. And the people who do this are called business analyst. 
Well there must be a question arising as why is there a need to do business analysis? Well to answer that we can take up a small example where suppose an individual has to start an E-commerce industry, where the person has no idea of how computers and website works. Such instance can happen when a person is just business mined and can invest money but is zero in terms of coding and does not have knowledge of the whereabouts of the IT facilities which can make his work easier. Hence the person comes up with the idea and wants to expand business globally through websites and applications for selling his products. Thus the person will contact a company and put forward his needs and explain his requirements. A business analyst from each side will meet up and the entrepreneur will explain his thoughts and suggest the company’s business analyst about his idea and how he/she wants his/her website or the application to look and work. 
Thus the main fundamental work which are done in business analysis is analysing the entire process of the client and providing them with the resolution taking care of all the hardware and software process which has to be provided to the client.
As we all know that there are mainly two types of companies’ product based and service based. Hence in product based companies’ business analysis works as in developing or making a product within a company for the consumers. Which means that companies like Microsoft which are purely product based, require to develop a new software for which business analyst of the organisation will take care of the software which hast to be developed by understanding the requirement of the application in market and then analysing accordingly. Here business analysis means taking complete care of the application from the beginning of its development till the completion of the project, which includes market research, need of the software, security, privacy, etc. point to be noted here is that analyst does not provide complete technical things about the software but semi technical or just the idea of what all things should be kept in mind while developing such a product. In shot we can say that it just provides the idea of how the software has to be made. 
On the other hand the role of the business analysis department in service based company is taking care of the projects undertaken by client companies, which includes the undertaking of the projects from the client companies and updating the client about the progress of their product and delivering the product on the given time. Here the projects which are undertaken has to be analysed before and then when client gets satisfied with the dunce then the work starts of development. 

1181278605

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Re: Business Analysis???
« Reply #28 on: October 24, 2018, 01:24:52 pm »
business analysis, describe a reserch on business activities.the main purpose is to idenetify the new scope ,oppurtuanity, addressing new problem etc and provide
solution for the same specially software solution. it serve as a foundation of business model. comapny need business analysis for entering into a new segment,expanding
business, over coming compition ,process imporvement etc.person who is responsible for business analysis is known as business analyst. generally
senior business analyst does this work.
busniess analyst is the person who act as a liaison between client and technical team. he spoke with a client with business language and same thing
he communicate with technical team in technical language.BA take ownership of client requirement.BA gather requirement,analysis requirement,model requirement
communicate with technical team ,trcak requirement,handel changes and facilitates UAT to the client.
there are the several technique that BA used for analyzing business activities and find out the best suitable solution for the clients.
these technique are discuss below:

SWOT ANALYSIS= it is a framework used to measure what an organiasation can do and cant do,what are the potential oppurtuanity and thearts for the company.
it is a basic analysis. company should be realistic about his the good and bad point. it should be very simple in nature.
STRENGTH(good product,good customer base,unique technology, good brand value etc.)
WEAKNESS(high debt,bad supply chain,lack of capital etc)
OPPURRTUANITY(manufacturing,exporting,increasing sales etc.)
THEARTS(highcost, labour,leagal,political etc.)
its help to develop overall company strategy.it can be appiled to all the depatment of an organiasation e.g production,marketing,salaes, advertisement.
a company success is highly depned on the SWOT analysis.by using this technique ,it is very easy to identify comapany good and bad point and work on that.
a BA can suggest how an organiasation can achieve desire goal by adding,deducting or bypassing some process.

GAP ANALYSIS= as the name suggest it deals with gap. that means how to cover the difference from that current state of enviroment to the future state.more
preciously we can say its a requirment mesurement tool.weather the business requirement is met or not.
if it is not met ,find out the reason? and prepare a plan how to met that requirement?
gap analysis is one of the best practice followed by any organization.it help to idetify some question like-
how much time to invest?
total cost of project?
resources required for the project?
different phases of the project?
review,comparison,implecation,recomendation.

FEASIBITY ANALYSIS= posibity of doing some project under some constriants like technology,budget and time.it can be done at any depatment in an organisation.
it help to determine success of a paticular project.

ROOTCAUSE ANALYSIS= it mainly deals with a problem. occurance of same event orver a period of time called problem. the main purpose of this model is to find
root of the problem and removing the problem form the root. for that BA used some technique that are discussed below
5WHY(main purpose of this technique is to ask question)
TABULAR METHOD(crate checklist or table so when problem arrise it is easy to find out deviation areas)
FISHBONE (it deals with causes and possible outcomes)
CAUSE AND EFFECT(same as fishbone)

DECISSION ANALYSIS= it is a technique of making decission during uncertain and comlex time. the main purpose of this model is to aviod unknow factor that
may affect the project. BA consiouly do this excercise keeping in mind business requirement,stake holder requirement etc.factor affecting decission canbe
devided in to 2 categories- financial factor and non financial factor.

STRATEGY ANALYSIS= strategy shows the path. how an organization can achieve short term and long term objective using some strategies? it deals with goal and vision
enviroment,resources involved.strategy analysis affecting factor are- external and internal environment.
EXTERNAL ENVIRONMENT= PESTLE TECHNIQUE(POLITTICAL,ECONOMICAL,SCOCIOLOGICAL,TECHNOLOGICAL,LEGAL,ENVIROMENTAL),PORTER FIVE FORCE MODEL(CUSTOMER,SUPLIER,COMPETIOR)
INTERNAL ENVIRONMENT= MOST TECHNIQUE(MISSION,OBJECTIVE,STRATEGY,TACTICS).

based on the above analysis BA will prepare business architecture frame work, business plan,business communication schedul,technique use for tool,documentation,
and stkaeholder analysis,performance monitoring and handel change request. according to that BA suggest the suitable paln for the clients .

Sudhir Aryasomayajula

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Re: Business Analysis???
« Reply #29 on: January 09, 2019, 01:05:44 pm »
It is the set of tasks and techniques used to work as a liaison among the stakeholders in order to understand the structure, policies and operations of an organization, and to recommend solutions that enable the organization to achieve its goals.It involves understanding of how organizations function to accomplish their purposes, and defining the capabilities an organization requires to provide products and services to external stakeholders. It includes the definition of  organizational goals, how those goals connect to specific objectives, determining the course of action that an organization has to undertake to achieve those goals and objectives, and defining how the various organizational units and stakeholders within and outside of that organization interact.