Business ANALYSIS

Business Analysis is a key area of every Business. Business analysis is done to improve efficiency, reduce wastage and complete projects on time. The crux of Business Analysis is documentation of right requirements. Many a times, the project is delayed due to the mismatch of understanding between the clients and the company. The purpose is to develop Business Process improvement (BPI) as a key strategy and management tool. Business Analysis ensures that the requirements of business clients are captured and documented correctly before a solution is developed and implemented. Business Analysis differs from organization to organization. Generally, the key processes involved in Business Analysis is developing an understanding of how present and future business needs will impact solution, identifying sources of requirements, developing a “Requirements Management Plan”, identifying and Documenting all business, technical, product and process requirements, helping to define acceptance criteria for completion of solution, preparing Business Requirement Document (BRD), Use Case Document (UCD), Use Case Diagram. For a product based company, it could be more of preparing market collaterals, proposal writing, processing Request for Proposals, performing market competition research, computing ROI etc. In IT company, Business Analysis stresses on assisting with the Business Case, gathering of requirements, reviewing of test, cases, processing change requests, tracing the requirements in Implementation phase and managing the project scope.