Fundamentally, a business analyst needs the best business analysis tools to perform the following functions:
1. To track requirements
2. To manage the requirements
3. To describe requirements in detail
4. Business process diagram ?To model requirements diagrammatically wherever feasible such as Business Process diagram
5. To collaborate with teams and stakeholders
Types of Business Analysis Tools:
There are three major categories of different types of tools on the basis of the above-mentioned functions. In the next section, we will explain those categories ?
1. Requirement-related tools i.e. to describe, manage, and track requirements
2. Modeling tools
3. Collaboration tools
The different categories of tools that can be used in a project as Business Analyst are
1. Microsoft Office Suite: The Microsoft Office tool is an office productivity software package used for creating documents, presentations, sheets etc.
A. Power Point ? Used for Presentations
B. MS Excel ? Used for Pivot tables, Sort and filter data, creating charts or graphs
C. MS Word - It is a utility application which allows user preferred fonts, theme, objects, shapes, smart arts, charts and even option for embedding Visio diagrams. Organizations can create their specific template for documenting the requirements.
D. MS Visio ? Used to prepare UML diagrams, process flowcharts, create data models and architecture diagrams
2. Google Docs: Google Docs is a Business Analysis tool for creating and sharing documents online with project members and stakeholders.
3. Rational Requisite Pro: Rational Requisite Pro is a business analysis tool for requirements management.
4. Balsamiq: Balsamiq is a business analysis tool for creating wireframes
5. SWOT: SWOT is a business analysis tool used to perform strategic and thus evaluate a business
6. Pencil: Pencil is a prototyping tool used to create quick prototype to get confirmation from client on the requirements
7. Trello: Trello is a collaboration tool used to collaborate and communicate between teams and share information securely
8. SmartDraw: SmartDraw as business analysis tool that is used for project management
9. Wrike: Wrike is a business analysis tool that is used for real-time work management
10. Version One: Version One is a business analysis tool with integration capability with enterprise applications and software development tools
11. Jira and Confluence: Jira and Confluence are compelling collaboration tools