5 Questions
Which of the following best describes business analysis?
A set of tasks and activities that help companies meet their objectives
What is the goal of business analysis?
To articulate and meet goals
According to the Business Analysis Body of Knowledge (BABOK) version 3, what does business analysis entail?
Identifying and overcoming challenges
What does the acronym BABOK stand for?
Business Analysis Body of Knowledge
What is the purpose of business analysis?
To determine company objectives
Study Notes
Business Analysis
- Business analysis is the practice of enabling change in an organization by identifying needs and opportunities for improvement, and proposing solutions to meet those needs.
Goals and Purpose
- The primary goal of business analysis is to identify business needs and opportunities, and to propose solutions to meet those needs.
- The purpose of business analysis is to enable change in an organization by identifying needs and opportunities for improvement.
BABOK Definition
- According to the Business Analysis Body of Knowledge (BABOK) version 3, business analysis entails understanding business needs and identifying solutions.
- BABOK stands for Business Analysis Body of Knowledge.
Key Concepts
- Business analysis involves identifying business needs and opportunities, and proposing solutions to meet those needs.
- It enables change in an organization by identifying needs and opportunities for improvement.
Test your knowledge on business analysis with this quiz! Learn about the tasks and activities involved in reviewing operations and ensuring business growth and development.
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