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Business analysts do eliciting, analyzing, documenting, communicating, identifying, and verifying the business need with the final outcome and reconfirming as per industry standards and have high level of recognition in doing the same. Business analysis is the art understood and very well executed at KCS.
What does it takes to do business analysis?
A positive attitude, excellent communication skills, problem solving, an attitude to change, independent assessment, analytical thinking, creative thinking, interaction skills, business intelligence, business process management, decision analysis, risk analysis, understanding of enterprise architecture, compliance issues management, quality control, organizational change management, project management skills, implementation of software improvements and finally strategic planning.
How does Business analysis affect a project?
It reduces the waste of time and helps complete projects faster. Project delays are a costly affair. It affects Project costs; for every month of delay, the project team continues to rack up costs and expenses, secondly it also eats up the Opportunity costs – Opportunity costs come in two flavors – lost revenue and unrealized expense reductions. At KCS or business analytics team utilizes various industry standard techniques as per the business needs and various business scenarios. The process of business analysis involves processes like;
identifying stakeholders, brainstorming, documents analysis, decision analysis, problem analysis, process analysis, risk analysis, forming of focus groups, interface analysis, interviews, observation, design thinking, prototyping, requirements workshops, survey/questionnaire, scenario and use cases, benchmarking, acceptance and evaluation criteria, business rules and analysis, data flow diagrams, data modeling, measurement metrics, non -functional requirements, functional decomposition, organizational modeling, user stories, route cause analysis, effective and focused questioning, “Swot” analysis, vendor assessment and last but not the least reverse engineering
A significant part of BA time and effort is occupied with such activities as analysis of the Customer’s business, gathering and clarifying requirements. Building trust relationship with stakeholders and identifying Customers’ needs takes a lot of BA’s time. It is not just supporting documentation that comes in to BA’s job but it is the opponent’s business as a whole is taken into consideration. Documentation is just a tip of the iceberg.
KCS Business Analyst acts as a bridge between business representatives, who need to solve business issues and developers, who should understand these needs to tailor a solution for business. In a nut shell, KCS approach of Business analysis gives a defined path for the project for its initiation, implementation, successful execution and acceptance.
1. Get Oriented
2. Discover the Primary Business Objectives
3. Define Scope
4. Formulate Business Analysis Plan
5. Define the Detailed Requirements
6. Support the Technical Implementation
7. Help the Business Implement the Solution
8. Assess Value Created by the Solution
Document the Right Requirements
Business analysts make sure that they define the requirements in a way that meets the business needs, for example, in IT applications the requirements need to meet end-users' needs. Essentially, they want to define the right application. An approach of minimalism or "Keep it Simple" and minimum technology supports a reduced cost number for the end result and ongoing maintenance of the implemented solution.
Improve Project Efficiency
Efficiency can be achieved in two ways: by reducing rework and by shortening project length. Rework is a common industry headache and it has become so common at many organizations that it is often built into project budgets and timelines. Shortening project length presents two potential benefits. For every month that a project can be shortened, project resource costs can be diverted to other projects. This can lead to savings on the current project and lead to earlier start times of future projects (thus increasing revenue potential.
nalysis articulates the need for change, how organizations should work with an IT environment. Business analyst acts as a guide and lead business through unknown or unmapped territory, to get it to its desired destination.