Tags: , | Categories: Business Analysis Blog
Posted by trainer on 5/29/2012 2:34 AM |

Depending upon the market sector the venture sits within, diverse business analysis techniques will be applied. Diverse techniques may also be practical at project level. Some of the mainly common of these techniques are:

•PESTLE - (Political, Economic, Sociological, Technological, Legal and Environmental) - PESTLE is a system which is appropriate for evaluating external factors and the possessions they have upon the business.

•SWOT - (Strengths, Weaknesses, Opportunities and Threats) - SWOT is used to spot probable opportunities and any intimidation to the business by evaluating its strengths and weaknesses.

•MOST - (Mission, Objectives, Strategies and Tactics) - MOST enables the organization to execute internal analysis and recognize the best way to attain its goals.

•CATWOE - (Customers, Actors, Transformation Process, World View, Owner and Environmental Constraints) - CATWOE is used to classify the main processes and entities which may be affected by any changes the business makes.

•MoSCoW - (Must or Should, Could or Would) - MoSCoW is used to prioritize both planned changes and business goals. These are just a handful of the conventional techniques which make up the toolset of the modern business analyst. There is an ordinary three phase progression,

which can be explained thus:

•Why

This phase is simply about fact judgment. Normally, this will engage the formulation of a probability study to inspect the business case put forward for changes.

•Work

In this phase the business analyst will extend a project or requirements plan, which will require to be agreed with all stakeholders, and then implemented.

•Working

This is the concluding phase, where any changes implemented need to be proven as working. Furthermore, at this phase the business analyst needs to confirm that all requirements have been met. By employing business analysis techniques, the value of each of these core aspects