Business Analysis : What it is?

We all know that fact of working life is funny many times, you have to wear different types of hats while at work no matter what is your professional title.

Your professional or official title may call you as a technician, an engineer, manager or analyst, but the responsibilities that you carry looks like you handle everything at your work. So, are you a programmer/project manager/designer/communication manager/accountant/web designer/process manager/ technician/tech support specialist/inventory manager/sales representative/financial analyst/administrator/ customer service/ product manager?

Business analysis is also similar to this. Some firms and organizations still have no idea about the meaning of business analysis. It acts as a responsibility in different titles such as, ‘financial analyst’, ‘consultant’, ‘business architect’, ‘system analyst’, ‘database architect’ etc. You may be performing

Why Business Analysis is Necessary?

Since so many people in a firm or organization can do it, let’s try to understand the role of business analysis and not the title of the job.

Business Analysis is the group of methods and tasks used as a foundation to communicate with members to know and convey the policies, characteristics and functions of an organization, and to suggest solutions that helps the organization to accomplish its targets.

The following procedures are involved in Business analysis.

1.Recognizing the opportunities and needs of a business

2.Collecting, analyzing and certifying requirements

3.Writing and conveying requirements to members

4.Creating a plan to gather needs, explain scope clearly, and perform changes according to requirements

5.Ensuring that the requirements are written properly, specifically and are complete.

6.Making sure that the solution is perfect to the requirements

Normally, business analysts are effective in collecting and documenting the requirements of business before planning and implementing a project. Business analysts take part in analysis of enterprise and work to define the scope of a product clearly.

Business analysts are important in the analysis phase in SDLC (Software Development Life Cycle). This is a phase where many people who do business analysis spend their time with final goal being to get the correct requirements of project first time.