Business analyst overview by quontra solutions
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The document provides an overview of business analysis, including: - Defining a business analyst as a liaison who elicits, analyzes, communicates, validates and documents requirements for changes to business processes, policies and information systems. - There are six key knowledge areas of business analysis including enterprise analysis, requirements planning and analysis, and requirements elicitation. - Business analysts help understand business problems/opportunities to recommend solutions that enable organizations to achieve goals.
Business analyst overview by quontra solutions
- 1. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 1 Business- Analyst Over view By Quontra Solutions
- 2. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 2 Business Analyst Definition: A business analyst works as a liaison among stakeholders in order to Elicit , Analyze ,Communicate Validate and Requirements for changes to business processes, policies and information systems. Role of Business Analyst : Business Analyst Understands Business problems and opportunities in the context of the requirements and he recommends solutions that enable the organization to achieve its goals.
- 3. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 3 Purpose of Business Analysis: – Identify where the business stands in relation to rivals, etc. – Collect and use data to inform business decision making – Identify strengths and weaknesses in the business – Use information to inform strategic planning Knowledge Areas : There are totally six knowledge areas in Business Analysis as follows : 1. Enterprise Analysis 2. Requirements Planning and Analysis 3. Requirements Elicitation 4. Requirements Analysis and Documentation 5. Requirements Communication 6. Solution Assessment and Validation
- 4. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 4 How To Do Business Analysis : In the part of business analysis every organization should do market research ,past sales data, Market growth data Specialist analyst data Secondary data.
- 5. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 5 How To Analyse the Data : We can analyse the data by using the Trends as follows : – Growth rates – Nominal – Average • Mean • Median • Mode – Variance • Standard deviation • Range – Time series analysis – Scatter graphs • Correlation Averages • Averages: Averages are a measure of central tendency – the most likely or common item in a data series • Calculated through 3 measures: – Mean
- 6. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 6 – Median – Mode • Mean = Sum of items in the series/number of items X = Σx x • Median = middle number in a data series – 0.5 (n+1) • Mode = the most frequently occurring value in a data series Variance • Mean = Sum of items in the series/number of items X = Σx x • Median = middle number in a data series – 0.5 (n+1) • Mode = the most frequently occurring value in a data series
- 7. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 7 The Standard Deviation Correlation The degree to which there is a relationship between two or more random variables The closer the relationship the higher the degree of correlation Perfect correlation would be where r = 1 S = Σ (xi – x ) 2 n
- 8. Business Analyst Overview By Quontra Solutions Call For Business Analyst Free Demo : 404 900-9988 Page 8 Time Series Analysis Used to analyse movements of a variable over a time period – usually years, quarters, months, etc. Importance of assessing the: – Trend – Seasonality – Key moments – Magnitude For Free Business Analyst Demo Quontra Solutions Contact : 404 900-9988 Mail Us : [email protected] For More Details : www.quontrasolutions.com