Category: Business Analysis
- 📕 Business Activity Models (BAM) in Business Analysis ()
A Business Activity Model (BAM) is a conceptual model that depicts the activities and logical dependencies within an organization from a stakeholder’s perspective. It provides a high-level view of what the organization does and captures the world view of a particular stakeholder. BAMs are used to explore, understand, and develop business requirements. Initially, there will […]
- What is a Relative Market Share (RMS) ()
Relative market share is a metric that helps companies identify their position in the market compared to their leading competitor. Relative market share is calculated by dividing the market share of the company under consideration by the market share of its strongest competitor. Relative market share can also be calculated by comparing a company’s sales […]
- 💡 How to structure big processes in BPMN ()
The approach to dealing with complexity has been “Divide et Impera” since the Roman Empire, which means breaking down a complex problem into smaller, more manageable pieces. In BP modelling, if your end-to-end process is too big to deal with, it probably means that you are modelling at a too detailed level. The solution is […]
- Requirement Types ()
Have you ever started writing a Requirements document for your next Software project that has turned into a mess as you’ve been pouring more and more information there? I certainly did. Hopefully, there’s are clear solutions to this problem. First one, I’d say is having a clear document structure. But that’s clearly not enough if […]
- Common Misconceptions About Requirements Engineering ()
Conflation of Requirement Types Business analysts often confuse different requirement levels and types. One challenge is understanding the classification of requirements, while another is grasping the fundamental types. Business analysts often mistakenly use terms like “system requirements” and “user requirements” interchangeably, when in fact they refer to elements at different levels of abstraction. System Requirements […]
- 🔧 Requirements Engineering and its applications for Business Analysis ()
Requirement engineering is a systematic and disciplined approach to the specification and management of requirements with the following goals: Knowing the relevant requirements, achieving a consensus among the stakeholders about these requirements, documenting them according to given standards and managing them systematically. Understanding and documenting the stakeholders’ desire and needs, they specifying and managing requirements […]
- 📚 Rewired. The McKinsey guide to outcompeting in the age of digital and AI ()
On June 20, McKinsey has released a new book. It was written by Eric Lamarr, Kate Smayer and Rodney W. Semmel. Annotation: Most companies have started a digital and AI transformation, but very few have done the fundamental organizational rewiring needed to build the capabilities to drive continuous innovation across the enterprise. After analyzing the […]
- The Use of Data Dictionaries for Business Analysis ()
What Is a Data Dictionary? Data Dictionary – a collection of names, definitions, and attributes about data elements that are being used or captured in a database, information system, or part of a research project. A data dictionary is used to catalog and communicate the structure and content of data and provides meaningful descriptions for […]
- What is Software Development Life Cycle (SDLC) ()
Software Development Life Cycle (SDLC) is the cost-effective and time-efficient process that development teams use to design and build high-quality software. The SDLC aims to produce software that meets or exceeds customer expectations, reaches completion within times and cost estimates, and poses minimal risk. ISO/IEC 12207 is an international standard for software life-cycle processes. It […]
- 3 Key Diagrams for Stakeholder Analysis ()
Effective working relationships with the stakeholders are crucial for successful project execution for both Project Managers and Business Analysts. Therefore, it’s important to plan for Stakeholder Engagement (or Stakeholder Management) beforehand. As per BABOK Guide v3: Plan Stakeholder Engagement involves conducting a thorough stakeholder analysis to identify all of the involved stakeholders and analyze their […]
- Data Visualization with dashboards: Use Cases ()
There are multiple Business Intelligence instruments available nowadays. However, many corporate world employees still don’t understand the scope of applications for dashboards and other visualizations. In this article, I’ll try to explain when and where you can and should apply BI instruments to deliver value to your company. Let’s begin with a fundamental concept. Data […]
- What is the difference between BRD, FRD, and SRS ()
Working as a Business Analyst, you’ll have to work with several documents for Software Development. BAs usually use two documents: a Business Requirement Document (BRD) and Functional Specification Document (FRD). However, other documents exist and they work together to create a comprehensive view of the project. One of the most important ones is Software Requirement […]
- How to apply Issue Trees to solve complex issues ()
Issue Trees are the tool for “dividing and conquering”. An Issue Tree is a map of the problem you have to solve. Just like a good map it covers the whole problem area and doesn’t go into the slightest details (the specific hypotheses), but focuses on the broad aspects of your problem (the categories). It […]