Business analysis is the practice of researching business goals, capabilities, processes, models and systems to develop business plans and requirements. It's a broad discipline that employs a wide range of techniques that span decision making, problem solving and reasoning. The following are a few common business analysis techniques.
Viewing something as a black box that has inputs and outputs. In other words, a black box is an abstraction that views products, services and processes in terms of their interfaces. Used to simplify your view by filtering out unnecessary detail.A way to represent business practices, processes and logic as a set of conditional statements.
A capability analysis is the examination and measurement of organizational abilities that focuses on what a business does or needs to do.Short statements that take the form if-then that are used to identify handling for anticipated business scenarios.
A brute force method of data analysis that tries to match known statistical models to large sets of data. At risk of finding patterns that are meaningless noise. The analysis of a large repository of data to find meaningful patterns of information. Typically starts with a hypothesis that you want to confirm with data.
A business measurement that is designed to focus on strategic goals.A method of organizing information so that it's mutually exclusive and collectively exhaustive.The practice of investigating the core revenue generating processes of an organization.
The process of identifying, validating and documenting specifications.SWOT analysis is a strategy planning technique that involves brainstorming and assessing your strategic strengths, weaknesses, opportunities and threats.A description of the interactions between users and services or processes. Often depicted as a drawing.
A short statement that describes a single requirement that a user has for a product, service or system. The practice of capturing customer input for requirements. Often customers can see problems and shortfalls that elude the insiders of a company or industry.The process of identifying and documenting processes.
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