Business Analysis Services: Meaning And Importance

Business Analysis plays a vital role in every organization. Analyzing business requirements, creating proper documentation, identifying areas for process improvement and organizational change, strategic planning and developing various policies that drive an organization towards a better future are observed as the most common solutions.

Business analysis services

Eliciting requirements for a project

At the beginning of a project, an analyst starts to work with key stakeholders to understand business requirements and clearly articulate the project’s vision to achieve the objective. An analyst should understand and take into account the sentiments of all stakeholders so that a unanimous decision can be taken to define the vision for the project.

Personal and group interviews

Conducting one to one or group interviews is a very effective way to identify and judge the concerns of different stakeholders by asking a series of questions.

Questionnaires

If there are many stakeholders, circulating a questionnaire is an efficient way to collect inputs and opinions.

Document analysis

Analyzing existing documents and collecting data about current processes, policies, suggestions and improvements.

Prototyping

Prototyping is an efficient way to understand the requirements of a system while its getting built since exact requirements are unclear during the initial phase.

Act as a communication bridge between different stakeholders

One of the key roles of a business analyst is to facilitate communication by acting as a bridge between stakeholders and the development team. The business analyst works with project stakeholders to translate business requirements so they can be understood by developers, while parallelly communicating the concerns of the development team to respective stakeholders.

Project implementation and testing

Business analysis plays an important role in project implementation, which involves development and testing. The development phase of the project includes preparing and implementing the software solution needed to cater to business requirements in the form of a working product. With every release cycle, a business analyst works with the testing team to review the software as it is being developed.

Conclusion

Applying business analysis techniques to a situation can make you an attractive applicant for jobs at many different companies and industries.