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Business needs analysis is the process of identifying valuable change to a business. This has several distinct variations that may be used in combination:
Identifying your strengths, weaknesses, opportunities and threats. This is essentially a brainstorming activity that is often used as a starting point to engage stakeholders.Mapping out the gaps between your strategy and your realities.
Benchmarking your results against competitors, best practices or ideal performance. For example, calculating a theoretical minimum for a production cost and comparing this to your actual results. A method for identifying inefficiencies, failures and poor performance. This can also be phrased "opportunities for improvement."Identifying business capabilities and evaluating your maturity level for each. This can be done at several levels of detail. For example, an initial analysis might score a capability such as information security with a more detailed analysis scoring the components of information security such as data loss prevention or network security.
Analysis of variances between forecast or ideal performance and actual performance. For example, an analysis of schedule variance to determine why a process often runs late.Analysis of failures to determine root cause and identify changes that prevent future failures.
Collecting ideas for change from stakeholders.|
| Type | | | Definition | The process of identifying valuable change to a business. | | Related Concepts | |
Business Analysis
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