Five Effective Business Analysis Techniques

The term business analysis refers to the discipline oftechnique:
identifying needs within a business, and determining theCustomers (who benefits from the highest level
appropriate solution.business process and how does the issue affect
These solutions may include changes in thethem?)
organization itself, strategic development orActors (who is involved in the situation? Who is
development of new policies. The person who takesimplementing solutions? What will impact their
on the responsibility of business analysis is called asuccess?)
business analyst.Transformation Process (what processes or systems
When the time inevitably comes for some sort ofare affected by the issue?)
change, the business analyst has several techniques atWorld View (what is the big picture and what are the
his disposal. Precisely which techniques are used willwider impacts of the issue?)
depend on the nature of the problem, and the scopeOwner (who owns the process or situation being
of the solution. Here are five that are usedinvestigated and what is their role in the solution?)
successfully by business analysts to help solve anEnvironmental Constraints (what are the limitations that
array of different problems.will impact the solution and its success?)
MOSTSWOT
The MOST technique is an internal analysis. It containsA SWOT analysis is used to give a more complete
four attributes that are defined by the business analystoverview of both internal and external factors
to ensure the project you are working on is alignedaffecting a business. There are four attributes to
and on track. These attributes are as follows:SWOT:
Mission (where the business intends to go)Strengths (examine advantages and what is done well
Objectives (the key goals that will help achievewithin the company)
mission)Weaknesses (examine the disadvantages and areas
Strategies (the different options for moving forward)that need improvement)
Tactics (how the different strategies are put intoOpportunities (examine opportunities for improvement
action)in all areas, including market share)
PESTLEThreats (examine the obstacles the business faces in
The PESTLE technique is an external analysisaccomplishing their goals)
designed to examine the many different externalFIVE WHY'S
elements affecting a business and its operations. ItThe Five Why's technique is used to help get to the
includes six attributes:root of any given problem within the business. It is a
Political (Current and future political influences)question asking method to examine the cause and
Economic (The local, national and world economyeffect of a particular situation.
impact)You will start with a problem, such as "my car won't
Sociological (Different ways society can affect anstart," then ask a succession of why questions until the
organization)root of the problem is uncovered and a solution is
Technological (The effect of new and emergingevident.
technology)Business Analysis can be a complex and intricate
Legal (The effect of national and world legislation)process. Within this broad spectrum lie several
Environmental (Local, national and world environmentalsub-disciplines, roles and even more techniques.
issues)All businesses encounter situations and problems that
CATWOEneed attention to help keep them moving forward.
CATWOE is a technique used to encourage criticalWith a skilled business analyst employing the right
thinking about what the business is trying to achieve.techniques, a solution won't be far behind.
There are six different elements included in this