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BUSINESS ANALYSIS - Use and Benefits
Business Analysis is used to start initiatives in companies that create value, e.g. higher sales, higher customer and employee satisfaction and faster and safer processes.
Business Analysis – internal and external
These can be both internal projects to improve workflows and processes and external customer projects for each of the business and solution requirements (business and stakeholder requirements and functional and non-functional solution requirements) to be understood and implemented. Even outside of projects, a good business analysis is of decisive importance for successful measures. With the help of applied business analysis, for example in portfolio management and initial scope management of projects, it is important to identify the right content and plan the priorities for its implementation.
Creating sustainable value through business analysis
The focus is on the value created as early as possible for the users and the company, a common denominator with all agile procedures. Business Analysis is also an extremely effective method of solution evaluation for solutions or processes that have existed in companies for a long time. It shows whether existing conditions should be changed in order to save costs, exploit market opportunities or otherwise improve the company.
Business Analysis as an Approach
Business Analysis is a procedure with which these activities necessary in every company are structured and carried out in the form of defined tasks. In this respect, you are sure to find certain approaches to business analysis in every company, but often quite unstructured and without a defined procedure, with a correspondingly weak effect and accompanied by wrong decisions. Business Analysis secures investments and reduces the risk that stakeholders are dissatisfied with the results of initiatives or projects. This applies to both internal stakeholders and external customers.