Tuesday, 9 October 2012

Understand the Concept of Business Analysis

Business Analysis is very important for the application of successful projects that give business value and product long lasting advantages in the corporate environments of today. So, the role of business analyst has transformed with that of project manager, to begin and accomplish increasingly complicated projects in the business environments of today.

The process of realizing business change requirements, analyzing the influence of those changes, catching, assessing and documenting needs and then helping the communication and delivery of those needs with appropriate parties is called Business Analysis.

Four tiers of business analysis are as follows:

1.Strategic planning: The analysis of strategic business needs of the organization

2.Analysis of business model: The description and analysis of the policies of the organization

3.Definition and design of Process

4.Technical business analysis: The understanding of business regulations and needs for technical systems

A business analyst assesses the design and organization of business, and also analyzes business models and their combination with technology. The position of business analyst is placed uniquely in the organization to offer a powerful link between the Information Technology and Business Community.

History of Business Analysis

During 1970s systems analysts took charge for documenting present processes based on manual paper, recognizing issues and new business needs, and then these processes were automated with computerized systems. This offered important savings in staff and also improvements to services related to customers through easy access to electronic information.

Companies began to change their IT systems to take benefit of latest technology throughout 80s and 90s as they tried to make savings and enhancements in service. The role of systems analyst changed to business analyst in this period.

The role of business analyst has also changed from a person who was a part of business function and worked with IT to enhance the quality of services and products being delivered from IT to someone who collects the requirements of business, helps in integration, supports the growth of training and application material, takes part in application, offers support for post-application, can offer skills of project management and more.

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