Business Analysis

What is a Business Analyst?

A business analyst works as a liaison among stakeholders in order to elicit, analyze, communicate and validate requirements for changes to business processes, policies and information systems. The business analyst understands business problems and opportunities in the context of the requirements and recommends solutions that enable the organization to achieve its goals.*

Business Analysis Standards

The widely accepted standards, best practices and techniques for Business Analysis are documented by the International Institute of Business Analysis (IIBA) in the Guide to the Business Analysis Body of Knowledge (BABOK).  The BABOK, along with additional useful resources for business analysis, can be found at www.theiiba.org. According to the BABOK, the foundation of the business analysis is based on underlying competencies and six knowledge areas:

BA Knowledge Areas Relationships

Business Analysis in the EPMO

Although not as widely known as the Project Management Institute (PMI), the practice of Business Analysis within the EPMO has been modeled after the IIBA. The business analysis services the EPMO provides are:

The EPMO applies the BABOK knowledge area’s and works with Project Managers and Project Stakeholders applying the EPMO’s modified version of PMI’s phases to ensure project success.

 

*Source: http://www.iiba.org