Introduction to Strategic Business Analysis

Study Notes

The BABOK® Guide (Business Analysis Body of Knowledge® Guide) is a globally recognized standard for business analysis practices.
It defines the profession and outlines common practices for business analysts.
It helps business analysts communicate effectively with clients and employers regarding their skills and knowledge.
It provides a framework for understanding business analysis tasks across various projects and initiatives.
The BABOK® Guide focuses on six knowledge areas:
- Business Analysis Planning and Monitoring
- Elicitation and Collaboration
- Requirements Life Cycle Management
- Strategy Analysis
- Requirements Analysis and Design Definition (RADD)
- Solution Evaluation
These knowledge areas guide business analysis in the context of projects, enterprise evolution and continuous improvement.
Business analysts employ different skills, knowledge, terminology, and attitudes, but the BABOK® Guide provides a common framework for understanding business analysis tasks.
The BABOK® Guide helps define the skills needed to implement change in various contexts.

Business analysis enables change in an enterprise by defining business needs and recommending solutions that align with strategic objectives.
Business analysis involves researching, analyzing, and communicating information to drive improvement and efficiency within an organization.
Business analysts analyze existing business processes and systems to understand challenges and identify opportunities for enhancement.
They develop solutions, document requirements, and ensure that solutions meet stakeholder needs and align with business goals.
They act as a bridge between technical teams and business stakeholders, facilitating communication and ensuring that technical solutions meet business needs.

Business analysts are professionals who bridge the gap between business stakeholders and technical teams.
They identify business problems and translate them into actionable solutions through information gathering, analysis, and communication.
They are skilled in problem-solving, communication, research, and collaboration.
They have a strong understanding of business processes, requirements, and technology.
They analyze current business processes and systems to identify areas for improvement and efficiency.
They evaluate potential solutions, considering both technical and business feasibility.
Business analysts are valuable assets for organizations undergoing change, as they facilitate smooth transitions and ensure that business needs remain the top priority.