Most professionals in project management understand that in order to successfully approach a project, the problem statement must be clearly defined. The problem is that many practitioners treat problems and opportunities interchangeably when developing Business Cases and Project Charters. Understanding the difference between problems and opportunities is critical to selecting the optimal approach any project. 

In a large firm, a business analyst (BA) organization makes an effort to identify, analyze and provide a solution to the above questions. A BA organization is a prime pillar in optimizing resources to provide maximum value out of it to the business.

A BA organization consists of business analysts in various roles like Product Manager, Program Manager, Project Manager, Business Analyst, Business Systems Analyst, Business Systems Consultant, Business Process Analyst etc.  The prime objective is to analyze business to maximize value addition.

To understand more about the BA organization, it is important to understand what is business analysis

A benefit that I see of moving away from terms like enterprise analysis and strategy analysis is that removing this division between “flavors” of business analysis helps us see more clearly how BA activities can add value at all levels of the organization. Whether we’re making project portfolio recommendations or specifying a tiny software feature, the purpose is the same: help stakeholders clarify the real business need and determine the best solution to address it.

Scope change and frequent requirement modifications impact projects execution. Unpredicted changes that occur outside project planning are all encompassed by the concept of volatility. Lack and insufficient predictability of change creates volatile dynamics that impact execution and project’s deliverables. Endeavours with objectives to find and develop solutions suffer most from volatility, a phenomenon that directly correlate to the volatility degree. Although little control can be exercised on volatility, some instances can be managed or averted. However, the level of uncertainty exerts great influence on the overall volatility of the project.