Business Analysis is a function to assess all processes and business operations to design or modify the business systems or website structure to add value to the stakeholders.
What do we offer?
We provide business analysis services to clients and digital teams where there are no skills available in the company.
The analyst interacts with the business stakeholders and subject matter experts in order to understand their problems and needs. The analyst gathers documents and analyzes business needs and requirements.
Then the analyst will create a solution based on the research that will best suit the needs and requirements.
When the client is in agreement with the solution, the analyst will prepare the Functional Requirement Specifications and ensure that the development is completed according to the specifications.
Business Analysis Process?
There are multiple steps in the process and tasks to perform in the steps to conduct business analysis:
Step 1: Gather Background Information
The Business Analyst will evaluate the impact of external force such as political, cultural or legal and industry competitors, buyers and seller will have on the business strategy of the project.
All discoveries will be documented.
Step 2: Identify Stakeholders
It is important to identify the Stakeholders who make the decisions and sign of requirements and priorities. This includes the owner, managers, employees, regulators, suppliers, partners, customers and competitors that have any input on the project.
This will all be documented in the Stakeholder Matrix.
Step 3: Discover Business Objectives
By documenting the objects the team will be able to stay focused on the vision. Things that will help is understanding the competitors, strengths and weaknesses, brainstorm sessions insight and determining smart objectives that are relevant, achievable and measurable.
This will be documented in the Business Objective List.
Step 4: Evaluate Options
To achieve the objective, the critical paths need to be identified and that can be done through brainstorm sessions.
You can determine then if existing systems need to be updated or a product needs to change, or integration needs to be considered. Then consideration needs to be given to feasibility, budget, and return on investment.
A Business Case document needs to be prepared to stipulate the cost-benefit analysis, the impact analysis, and the risk analysis.
Step 5: Scope Definition
A Scope Definition document needs to be prepared with the development goals, and a list of the items in scope and out of scope.
Step 6: Business Development Delivery Plan
The Business Analyst and Project Owner will discuss the timeline for turning requirements into deliverables that includes the stakeholder availability, project scope, and methodology. Realistic dates should be determined to assist with the project timelines.
The timeline will be documented in the Business Development Delivery Plan.
Step 7: Define Project Requirements
The business requirements will be divided into non-functional and functional requirements, where the non-functional requirements can include performance, scalability, and security and functional requirements can include, use cases, storyboards, prototypes, and wireframes.
The requirement delivery will then be determined by the project methodology, either waterfall or agile.
All the requirements will then be listed in a Non-functional document and a Function document.
Step 8: Support Implementation through SDLC (Software Development Life Cycle)
The Business Analyst will be involved throughout the development life cycle.
Review the technical deliveries against the requirements, make adjustments where required, ensure requirements are tested, manage any changes from the project owner after requirements are delivered and facilitate the user experience after implementation.
Step 9: Evaluate the value added by the project.
The Business Analyst will continue to maintain business objectives through the implementation, ensuring the progress of the project deliverables against the timelines, provide stakeholder input and notify the stakeholders of any other potential projects or enhancements.
The business analysis phase should not be overlooked, because it sets the tone for the entire project.