IIBA Colombo Chapter’s Post

🌟 BA Tip of the Week – Business Analysis Techniques – Business Case 🌟 Purpose: Establish justification for action by weighing benefits against costs, effort, & other factors. According to BABOK V3: a business case justifies change, presented formally or informally. Time & resources allocated should match potential value, sparking initiatives for change. Usage:  1️⃣ Needs Assessment: Identify issues or opportunities tied to corporate aims.  2️⃣ Explain Desired Outcomes: Define measurable results independently of suggested solutions.  3️⃣ Assess Alternatives: Evaluate various options considering scope, feasibility, finances, risks.  4️⃣ Recommend Solution: Detail optimal approach with estimated costs and implementation timeline. Example: Strategy analysis identifies as-is and to-be processes, culminating in a culminating in a Business Case for stakeholders. #iiba #IIBAColombo #IIBASriLanka #BAtipoftheweek #businessanalysis #srilanka #babok #businessanlysistechniques #businesscase #innovation #strategyanalysis

Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders. The set of tasks and techniques that are used to perform business analysis are defined in A Guide to the Business Analysis Body of Knowledge® (BABOK® Guide). #businessanalyst #babok #iiba

🌟 BA Tip of the Week – Business Analysis Techniques – Reviews🌟 🎯Purpose: Reviews are used to evaluate a work or any artifact which had been created by a business analyst. 📚According to BABOK V3: According to BABOK V3, Different types of reviews are conducted for business analysis workings. Each is tailored to the needs of the organization and business analyst, and uses these dimensions: ⏩Objectives: defining the purpose of the review. ⏩Techniques: Whether formal or informal way to perform the review will decide the techniques. ⏩Participants: identify the stakeholders taking part in the review activity. Each review is focused on a working or a work product, not the skills or actions of the participants. The work product may be a package of several deliverables, a single Deliverable or a portion of a deliverable. 💡Techniques: 1️⃣ Formal : 👉 Inspection 👉 Formal Walkthrough 👉 Single Issue Review 2️⃣ Informal : 👉 Informal Walkthrough 👉 Desk Check 👉 Pass Around 👉 Ad Hoc #iiba #IIBAColombo #IIBASriLanka #businessanalysis #srilanka #babok

⭐⭐⭐⭐⭐Business Analysis Pathway Review "Informative and insightful! The course is a brilliant summary of the various aspects of BABOK. The concepts and techniques are explained using relevant scenarios and in a user-friendly manner. The business analysis library, which is part of the course is equally valuable and useful in real-world applications. Highly recommend it!" - Umang C https://bit.ly/3YEx5pR #businessanalyst #businessanalysis #BABOK #agorainsights #IIBA

Fundamentals of Business Analysis (IIBA Framework) In today's fast-paced business environment, effective Business Analysis (BA) is essential for identifying business needs and delivering solutions that drive success. The International Institute of Business Analysis (IIBA) has established a globally recognized framework that defines the key principles and practices of BA. Here’s a quick look at the fundamentals: 📌 1. Business Analysis Planning and Monitoring Define the approach, stakeholder engagement strategies, and governance to ensure smooth project execution. 📌 2. Elicitation and Collaboration Collect, analyze, and validate requirements through active collaboration with stakeholders using techniques like interviews, workshops, and surveys. 📌 3. Requirements Lifecycle Management Manage and maintain requirements throughout the project lifecycle, ensuring alignment with business goals and adaptability to changes. 📌 4. Strategy Analysis Assess business needs, define strategies, and evaluate solutions to bridge gaps and maximize opportunities. 📌 5. Requirements Analysis and Design Definition Define, prioritize, and document requirements, translating them into actionable solutions. 📌 6. Solution Evaluation Measure and analyze the performance of implemented solutions to ensure they deliver the intended business value. Mastering these six areas enables Business Analysts to: ✅ Identify and solve business problems efficiently. ✅ Facilitate communication between stakeholders. ✅ Drive successful project outcomes and organizational growth. #BusinessAnalysis #IIBA #BABOK #BusinessStrategy #ProjectManagement #BusinessGrowth #CareerDevelopment

Free Webinar: BABOK Session on Business Analysis Planning & Monitoring. Register here-https://bit.ly/4aBaNZ6 Join Harsh Jayara, Sr. Business Analyst and CBAP certified, for a free session on Business Analysis Planning & Monitoring based on the BABOK Guide. Date: April 10, 2024 Time: 8:00 PM IST In this webinar, you will learn about: -The importance of planning and monitoring in business analysis -The BABOK Guide process groups for planning and monitoring -Techniques for planning and monitoring business analysis activities Don't miss this opportunity to learn from a certified expert! #businessanalysis #BABOK #planning #monitoring #webinar #techcanvass

The six knowledge areas of BABOK (Business Analysis Body of Knowledge) are: 1. *Business Analysis Planning and Monitoring*: This knowledge area focuses on planning and monitoring business analysis activities, including defining the business analysis approach, identifying stakeholders, and developing a business analysis plan. 2. *Elicitation and Collaboration*: This knowledge area emphasizes the importance of gathering requirements from stakeholders and collaborating with them to ensure that the solution meets their needs. 3. *Requirements Analysis and Design Definition*: This knowledge area involves analyzing and defining requirements and designing solutions that meet those requirements. 4. *Solution Evaluation*: This knowledge area focuses on assessing the performance of and value delivered by a solution in terms of its ability to meet business needs. 5. *Requirements Management and Communication*: This knowledge area stresses the importance of managing and communicating requirements to stakeholders throughout the project lifecycle. 6. *Enterprise Analysis*: This knowledge area involves identifying business needs and opportunities for improvement, and defining solutions that deliver value to the enterprise. These six knowledge areas provide a comprehensive framework for business analysis and are essential for effective business analysis practices. #edetedetbusinessanalysisjourneywith10alytics #businessanalysiswith10alytics #10alytics #edetetim #continouslearning

⭐⭐⭐⭐⭐Business Analysis Pathway Review "Great Course! Great introduction to a pathway through the BABOK guide and terminologies. Great examples throughout, while given the opportunity to contribute and consider how the tasks and techniques can be applied within individual roles and enterprises. Good course structure and delivery provided easy to understand information and allowance for good notes and helpful hints to key elements." - Julie O https://bit.ly/3YEx5pR #businessanalyst #businessanalysis #BABOK #agorainsights #IIBA

Navigating the Complex World of Business Analysis Want to dive deeper into the core areas of business analysis? Check out this visual representation of the BABOK Knowledge Areas. Key Areas: 1. Business Analysis Planning and Monitoring: Setting the stage for successful analysis 2. Elicitation and Collaboration: Gathering and understanding requirements 3. Strategy Analysis: Aligning business goals with solutions 4. Requirements Analysis and Design Definition: Defining clear and concise requirements 5. Solution Evaluation: Assessing the feasibility and value of proposed solutions 6. Requirements Life Cycle Management: Ensuring requirements are managed throughout the project #businessanalysis #BABOK #projectmanagement #systemsthinking #requirementsengineering

#Business_Analysis_Mastering_no(68) This figure illustrates the hierarchical structure of a #mind_map, which is commonly used in business analysis to organize and visualize complex ideas. The "Main Topic" represents the central theme or problem. From this, various "Topics" branch out, signifying key areas or aspects of the main topic. Each topic can further branch into "Sub-topics," which delve into more detailed elements or subcomponents. Keywords link each topic and sub-topic, highlighting critical concepts or considerations. This visual tool helps in breaking down complex problems into manageable parts, facilitating better understanding, brainstorming, and strategic planning in business analysis. #BusinessAnalysis #businessanalyst #Babok #dataanalysis #dataanalyst #IIBA #mind_map