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Chapter 5: Requirements Life Cycle Management 11.       Lifecycle of Requirement: The lifecycle of specifications requires a variety of steps and can sometimes be a complicated process. The essence of the cycle relies on the approach you choose for designing the applications, such as Agile, Waterfall, Incremental, etc. Every step will involve a lot of documentation and procedure of approval. It also manages the project documentation such as a project proposal, project management schedule, project scope and the business case. Below is one of the common requirement lifecycle: 12.     The Requirements Life Cycle Management: In this knowledge area, duties of a business analyst when joining in a project are clearly explained. Tasks that a business analyst must conduct including taking responsibility of managing and maintain requirements, planning data from the commencement to retirement. The aim of life cycle management specifications is to ens...

Business analysis planning and monitoring Question 1) What is business analysis planning and monitoring? Answer The business analysis planning and monitoring knowledge area describes the process how a business analyst determines which activities are needed to complete the business analysis effort. The tasks in the business analysis planning and monitoring area determines the key tasks of business analysis in other knowledge area. The following chart illustrates the key tasks that are included in business analysis planning and monitoring knowledge area. Question ) What is plan business analysis approach? Answer It is the method how a business analysis activity is implemented to get the business analysis outcome. It describes the holistic approach that must be obeyed while performing the business analysis activities. It gives the idea how and when the tasks of business analysis planning and monitoring are performed and what sequence is followed while performin...

Chapter – 9 Underlying Competencies Question 1: What are the fundamental skills a business analyst must have? Answer: A business analyst must have the following core competencies:           Analytical thinking and problem solving – These skills are required for business analysts to analyze the problems and opportunities effectively and to figure out which changes may be most valuable for the organization and to identify the best ways to present information to the stakeholders.           Behavioral characteristics - Skills and behaviors that help business analysts to gain the trust and respect of stakeholders. They do so by completing their tasks on time, efficiently delivering quality results and coming up to the expectations of the stakeholders.           Business knowledge – Business knowledge is required for business analysts to perform effectively within their industry, organization and ...

Chapter 2 – Business Analysis Key Concepts Q-1 What is BACCM? Ans: Business Analysis Core Concept Model (BACCM) is a set of 6 concepts which broadly defines the business analysis practice. These concepts have a common meaning to all business analysts irrespective of their perspective, industry, methodology and level in the organization. The concepts are defined below: Concept Description 1.       Change:   It is an act of transformation. Change leads to improved performance of an organization. The improvements are deliberate and controlled through business analysis techniques. 2.       Need       Business Analysis work begins with needs and needs always guide Business Analyst work. A Need (like a solution and value) is an experience that a stakeholder has, and not a thing. 3.       Solution:  ...

Chapter 1: INTRODUCTION In this chapter, we will discuss some basic definition of business analysis and business analyst as well as giving an example of job description of TD Canada Trust Bank. 1. What is Business Analysis? BABOK 3th edition described Business Analysis as “the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. Business analysis enables an enterprise to articulate needs and the rationale for change, and to design and describe solutions that can deliver value”. In general, Business analysis is a research discipline in which business needs are recognized and business problems tackled. Solutions often provide an element of software system development, but can also include process improvement, organizational change or strategic planning and policy growth. The final goal of this process is to distributing value to the stakeholders and the organizations. 2. What are the Common Business Ana...