One definition of business analysis is the decomposition of a problem or process into its basic elements to identify a solution or opportunity for change. In order to carry out this analysis, a business analyst must understand and regularly use analytics tools and models to help in the scoping, planning, and decision-making process. In this course, you'll learn some key principles covered in the business analysis body of knowledge (BABOK) framework, which explains the business tasks that must be performed to deliver a solution that provides value for an organization. This framework includes effective techniques that you can use when analyzing the business environment your organization operates in.
Learning Objectives
Scoping and Planning Analysis Tools
- distinguish between benchmarking and market analysis characteristics
- identify the steps in document analysis
- distinguish between scope modeling and state modeling
Business Analysis Supporting Models
- identify process modeling characteristics
- identify process analysis characteristics
- identify the types of organizational models
- recognize interface definition elements
- distinguish between data flow diagram elements
- identify considerations for data mining
- identify considerations for data modeling
- recognize prototyping methods
Decision-making Analyses
- identify risk analysis and management characteristics
- recognize appropriate financial analysis techniques
- distinguish between characteristics of root cause and SWOT analyses
- recognize the differences between decision modeling and decision analysis
- demonstrate your understanding of analytical techniques for effective business analysis