Business Analysis Techniques
Business analysis is a critical discipline that helps organizations identify business needs, find solutions to problems, and enhance efficiency. To be effective, a business analyst must master various techniques to gather requirements, analyze data, and facilitate decision-making.
Categories of Business Analysis Techniques
Business analysis techniques can be grouped into several categories, each serving a specific purpose:
- Strategic Analysis Techniques: Used to assess a business’s direction, environment, and objectives.
- Elicitation Techniques: Methods for gathering requirements and insights from stakeholders.
- Modelling Techniques: Visual representations of business processes and data flows.
- Decision-Making Techniques: Approaches to prioritizing initiatives and evaluating options.
Key Techniques
Core Analytical and Strategic Techniques – SWOT, PESTLE, MOST, Business Model Canvas, and Value Chain Analysis.
- Requirements Gathering and Stakeholder Engagement Techniques – Interviews, Focus Groups, Observation, Use Cases, and Stakeholder Mapping.
- Process Modelling and Decision-Making Techniques – BPMN, Data Flow Diagrams, Decision Trees, MoSCoW Prioritization, and Cost-Benefit Analysis.
