Business analysis comprises a wide range of methods, tasks and skills – all of which the business analyst should have familiarity.
Business analysis is used to identify and articulate the need for change in how organizations work, and to facilitate that change. Business analysts identify and define the solutions that will maximize the value delivered by an organization to its stakeholders.
The benefits of efficient and effective business analysis to an organization are considerable. For example, organizations can see their ROI increase. Business analysts increase the benefit achieved through an investment, as well as reduce the cost to implement it, which ultimately increases your ROI.
Additionally, business analysis can lower costs by finding more cost-efficient solutions. They increase the benefits by determining new needs within the organization, prioritizing those needs by value, and making necessary changes.
An incisive business analysis can also make the difference between a project succeeding or failing. While the project manager oversees a project and keeps it on track, a business analyst makes sure the project manager leads the right project. The business analyst identifies which projects will best achieve the organization’s objectives.
Business analysis can also help lower overall costs. A large part of a business analyst’s job is to reduce company costs. The business analyst reduces project rework, underutilized functionality and requirements churn. They also identify and implement more cost-effective solutions.
Want to learn more? Tonex offers several courses in Business Analysis where participants have their choice of courses in Disaster Recovery and Business Continuity, or courses in Earned Value Management.
These courses include titles such as:
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