Research
Discovering information required by a business. For example, investigating the costs associated with a strategy.Feasibility Study
Determining if a strategy, plan or approach is feasible given a set of goals and constraints.Measurement
Developing measurements and metrics.Financial Analysis
Financial analysis such as a calculation of return on investment for a strategy.Forecasting
Predicting future outcomes such as a sales forecast.Estimates
Estimating costs, task completion times and risk.Design
The design of solutions such as processes and procedures.Requirements Gathering
Collecting requirements from stakeholders and resolving inconsistencies to produce a cohesive set of business requirements.Needs Analysis
Discovering requirements such as an analysis of things that need to be done to comply with a regulation or standard.Gap Analysis
Discovering inefficiencies and risks in the current state of your business.Use Cases
Use cases are a way to model the things that users need from an interface.Market Research
Collecting information about customer needs, preferences and markets.Problem Analysis
Determining the root cause of problems and proposing fixes.Data Analysis
Discovering and interpreting data to support decision making.Management Accounting
Management accounting is the development of measurements that are useful to management decisions such as the throughput of a process.| Overview: Business Analysis Definition | ||
Type | ||
Definition | The practice of developing knowledge, measurements, evaluations and plans for an organization. | |
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