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Business Analysis Process

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5 Step Business Analysis Process

Business Analysis is the practice of identifying business needs and recommending solutions that deliver value to stakeholders.  Solutions usually include a software component, but also extend to process improvements, organizational changes, strategic planning and policy development.
The 5 step analysis process can help to clarify the role of a business analyst. By defining the role, the analyst will be able to better create deliverables that meet stakeholder needs, discover expectations from primary stakeholders, and learn the "why" behind a project. This framework can be applied in a variety of settings from purchasing off-the-shelf software to building custom code, or from a multi-million-dollar project to a one-week project. Depending on the size and complexity of a project, analysts might spend more time in one step than in another, but in order to be successful a good analyst must complete them all.  
It is important to note that If an analyst is added to a project after it has progressed past Step 1, they may consider backtracking to earlier steps in order to be more successful

 

Step 1 - Get Oriented and Discover the Primary Business Objectives - Getting oriented to a project will ensure not only speed and efficiency, but also that the analyst will be able to contribute to the project in a productive and confident way. 

Step 2 - Define the Detailed Requirements (Scope with PM) - Detailed requirements provide your implementation team with the range of information they need to implement the solution. 

Step 3 - Formulate your Business Analysis Plan The Business Analysis Plan is a process that will be used to define the detailed requirements for a project

Step 4 - Support Implementation - Developing documentation and training to help stakeholders implement new technology or processes.

Step 5 - Assess the Value Created by your Project/Solution - Using data, metrics, and trends to assess measurable business value

Business Analysis Diagram

The Business Analysis Diagram shows how each step is integral to the creation of a business plan. 
business analysis plan image with all 5 steps