It is about defining and delivering the outcomes that are best for the organization; It contains a number of business services to drive better business outcomes and it can be performed strategically, tactically, and operationally.
We are proposing strategic business analysis that is mainly about understanding the organization's needs and the environment in which it operates and determining likely responses to events and changes going on around and within the Organization. Strategic analysis is a high level and about a long-term direction for the Organization. Our Strategic analysis service will be focused to identify a business need, problem, or opportunity, define the nature of a solution to that need and justify the investment necessary to deliver that solution.
Our Business Analysis process is generally divided into multiple steps with each step involving specific tasks to perform, principles to follow, and documents to produce. While these steps and principles are agnostic to the SDLC (system development life cycle), the frequency of occurrence or the order may change. Each step within the business analysis phase may be longer or shorter depending on the type of project.
Business Analysis phase
Step 1: Gathering Background Information
This first step is where much of the groundwork for a project is covered. Whether a project is brand new or existing, it’s crucial for the business analyst to gather a significant amount of background information on the project. These are the conditions of the project that need to be determined at this stage:
• What domain is the project under?
• Determining the various circumstances that could potentially affect the business strategy for the project. This can be accomplished by using a PESTLE Analysis or Porter’s Five Forces framework.
These tasks will be performed in the Advisory Service Phase.
Step 2: Identifying Stakeholders
The stakeholders on a project are the ones who make decisions and sign off on requirements and priorities. Therefore, identifying all of the stakeholders early on is important.
Step 3: Discover Business Objectives
Setting project objectives and putting them on paper will help the business analyst stay focused on the vision and make course corrections along the way. It will also help during scope definition. Before getting too deep into the project, asking why the project is needed helps narrow down the business objectives.
Business Analysis phase Step 4: Evaluate Options
To achieve the objective, it’s important to determine the critical path among the various options available. A few factors to consider while narrowing this down are:
Step 5: Scope Definition
Based on the objective of the project and a team discussion, this step is when the scope is defined. A list of project development goals is detailed, along with a list of items that are not included in the project. The scope definition document can include:
Step 6: Define Project Requirements
This step is dedicated to clarifying requirements to the business owner and get the approval to deliver them to the Technology vendor in the RFP.
Interviewing the stakeholders
asking when, how, where, and what is supposed to be achieved by the user helps arrive at requirements
This task will be performed in the Business Analysis Phase.