Business Analysis Techniques Quiz

Business Analysis Techniques

• Business Analysis Planning and Monitoring: Organizing and coordinating the efforts of business analysts and stakeholders.
• Elicitation and Collaboration: Preparing for and conducting elicitation activities, confirming results.
• Requirements Life Cycle Management: Managing and maintaining requirements and design information from inception to retirement.
• Strategy Analysis: Identifying strategic or tactical business needs, aligning with higher- and lower-level strategies, and collaborating with stakeholders.
• Requirements Analysis and Design Definition: Structuring and organizing requirements, modeling and validating design, identifying solution options.
• Solution Evaluation: Assessing solution performance and value, recommending barrier removal.

Business Analysis Concepts

• Change: A problem or opportunity to be addressed.
• Need: The problem or opportunity requiring resolution.
• Solution: A specific way to satisfy one or more needs within a defined context.
• Stakeholder: An individual or group with a relationship to the change, need, or solution.
• Value: The worth, importance, or usefulness of something for a stakeholder within a specific context.
• Context: The circumstances that influence, are influenced by, and provide understanding of the change.
• Enterprise: A system of one or more organizations and the solutions they use to pursue mutual goals.
• Plan: A proposal for doing or achieving something.
• Business Requirements: Needs of stakeholders for achieving the business objectives.
• Stakeholder Requirements: Needs of stakeholders needed to achieve business requirements.
• Solution Requirements: Capabilities and qualities of a solution to meet stakeholder requirements.
• Transition Requirements: The capabilities and conditions required for a solution to transition from a current to a future state.
• Business Analysis Performance Improvements: The process of managing and monitoring how business analyst work is performed to ensure that commitments are met and continuous learning and improvement opportunities are realized.

Business Analysis Techniques (Specifics)

• Elicitation: The process of understanding stakeholder needs, discovering requirements, validating and verifying information, identifying solution options.
• Elicitation Activity Plan: Information used for each elicitation activity that includes logistics, activity scope, techniques and materials.
• Elicitation Results: The captured information from elicitation activity.
• Planning the Business Analysis Approach: Defining the methodological components used in business analysis, stakeholder engagement and governance.
• Plan Stakeholder Engagement: Establishing and maintaining effective working relationships with stakeholders.
• Plan Business Analysis Governance: Defining how decisions are made, including reviews and change control for requirements and designs.
• Plan Business Analysis Information Management: Managing the capture, storage and use of information.

Other Concepts and Processes

• Preventive: Reducing the probability or impact of negative events.
• Corrective: Reducing/repairing the negative impact of an event after it has already occurred.
• Improvement: Increasing the probability or impact of positive events.
• Measure Solution Performance: Evaluates solution performance in relation to current business needs and value it brings.
• Analyze Performance Measures: Determines and analyzes the cause of any performance issues identified during evaluation or measurement.
• Assess Solution Limitations: Identifies the issues or bottlenecks that prevent a solution from fully delivering its intended value.
• Assess Enterprise Limitations: Identifies issues outside the solution scope that may prevent an effective change.
• Recommend Actions to Increase Solution Value: Identifying and recommending the steps needed to optimize the value of a solution.
• Requirements Traceability: Tracking and managing the relationships between different types of requirements and designs throughout the analysis process.
• Prioritization: Determining the relative importance of requirements, based on factors like stakeholder needs and risks.
• Requirement Validation: Checking the requirements against the actual business need, ensuring consistency, and providing high quality output.
• Business Analysis Approach: A combination of models, practices, methods and technique used by an enterprise for business analysis.
• Requirements Maturity: Attributes that describe the stability of a requirement.
• Quality Control of Requirements / Designs: Processes and techniques for verifying the quality of requirements.
• Elicitation Techniques: Various methods for collecting information from stakeholders (interviews, workshops, questionnaires).
• Stakeholder Concerns: Addressing concerns and interests expressed by affected parties to influence the business analysis approach.
• Solution Components: The individual pieces used to assemble the solution.