Analysing the Concept of Business Analysis 101 Certification

Business Analysis is the discipline of research that focuses on detailed inspection of businesses and the processes involved to identify the blocks and obstructions in efficient execution and providing solutions and changes in strategies for those problems. It extends to monitoring those changes in strategies and making sure that those changes are being correctly implemented. Business analysis is required to identify the problems and recommend the necessary requirements and changes needed to maximize the value delivered to the owners and the stakeholders. A business analyst is the agent of change in the organization and can work on any level inside the organization.

Strategy and Role of the Analyst

The business analyst can be working to define the business strategy, designing the enterprise architecture, and or take leadership responsibilities in identifying the objectives and requirements to make a specific project work. They can also be a part of the quality enforcement team and ensure that the organization follows strict rules and works towards continuous improvement in technology and processes.

Maintaining and Creating the Analyst Architecture

Business Analysis can be of various types such as enterprise analysis which involves the creation and maintenance of enterprise architecture, conduction of feasibility techniques, identification of varied business opportunities, preparing business case studies and also conducting the initial risk assessments. There are various ways of conducting Business Analysis such as PESTLE, Heptalysis, STEER, MOST and SCOT among many other techniques. The PESTLE method is used to identify the various external factors that affect an organization. These are:

  • Political(current and possible future pressure)
  • Economical(local, national and international economic conditions)
  • Sociological(effect of the various elements and aspects of society)
  • Technological(impact of the new improvements in technology)
  • Legal(National and International legal implications)
  • Environment(The issues of environment impact on local and global level)

Analyst Solving the Solution

A Business Analyst is expected to create solutions, provide the necessary tools for robust project management improve efficiency by reducing wastage and provide essential documentation like requirements documentations and project initiation documentations among others. Many projects have failed or performed poorly due to lack of expert input during the planning stages. The processes leading to the development were wrong or the timing of launch was wrong or the production couldn’t keep up with the advancements in technology and ways of doing business. Thus wastage has caused more failure than other factors.

Basic Role of the Analyst

A business analyst is supposed to start from the beginning and work upwards to the current status, analyzing each and every aspect of the transformation phase. They have to understand why the company was formed, how it works, what the goals and objectives are, how it works to achieve those goals and how to improve the current practices and technologies used to improve the output and maximize the value of services and products to keep the stakeholders happy. Their skills are in high demand and the business analyst can work at any level thus they have no dearth of job opportunity. It is also a great skill for an entrepreneur as it allows them to create a supremely efficient work culture and system from the very beginning.

The demand for expert business analyst is very high and shows no sign of slacking in the coming future. Business Analysis is a great skill to have and helps boost the career of any professional. This is the main constituent of the Business Analysis 101 Course Prague.