TD Bank Blog

Question 1. What do you mean by Strategy Analysis? Answer: The Strategy Analysis describes the business analysis work that must be performed to collaborate with stakeholders to identify a need of strategic or tactical importance. It focuses on identifying the future and transition states needed to address the business need and the work required is identified both by that need and the scope of the solution space. Strategy analysis is an ongoing activity that assesses any changes in that need, in its context, or any new information that may indicate that an adjustment to the change strategy may be required. Question 2. What Is the purpose of defining the Future state? Answer: The purpose of defining the Future State is to determine the set of necessary conditions to meet the business need. Business analysts work to ensure that the future state of the enterprise is well defined and that key stakeholders have a shared consensus vision of the outcome. The future state descriptio...

Chapter 4-Elicitation and collaboration Question What is Elicitation and collaboration? Answer Elicitation is a process of drawing or receiving information from the stakeholder and from the other reliable sources. It is the primary way to find requirements and design information by directly talking with stakeholder or researching topics and experimenting. Collaboration is act of two or more people working for a single and common goal. The Elicitation and collaboration knowledge area helps the business analyst to identify and reach on an agreement by the mutual understanding of the different types of business analysis information. Question What are the key tasks that need to be done under Elicitation and collaboration? Answer Prepare for Elicitation: - In this stage stakeholder are preparing for Elicitation, making sure that Stakeholder have an information that they have to provide. In this stage preparing and gathering information for the Elicitation and clarifying the sco...