Business Analysis Articles

Jan 23, 2023
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It’s no longer rare to see machine learning (ML) models used to support a variety of business decisions, from whether a financial transaction should be sent to the fraud investigation team, to what discount a distributor should get. Still, even in organizations that have embraced ML-based s...
It’s no longer rare to see machine learning (ML) models used to support a variety of business decisions, from whether a financial transaction should be sent to the fraud inve...
Data is crucial in making sound business decisions, and business owners can acquire this much-needed data through business analysis. For example, Microsoft’s data analytic...
As a Business Analyst we might need to work on Projects related to multiple industries and domains during our career. It is critical that we try to leverage our past knowledge and ...

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Last time, we proposed that, with business rules, we surely can. The traditional way we manage business rules is time-consuming. It focuses on details rather than the bigger picture. The details are the business rules themselves - expressed, analyzed, approved, and stored in a safe place. But, viewed as details, they lose momentum, postponed until design or implementation. Perhaps we deliver too much too early. But, we can do it differently by delivering less up front and evolving it into something more important.

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Managers who supervise business analysts, particularly in large companies, frequently struggle with creating a competency model for BAs. What are the key elements to consider? How to structure the various BA levels and titles? How to make sure that the competency model truly reflects business needs? Even if it requires a certain level of effort to be developed, a competency model offers a number of benefit to organizations...

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 Ever had to interview your boss – or a divisional general manager – or the managing director of a key customer? What about a politician or a senior executive in a government department? All these scenarios can be nerve racking, yet they’re something a business analyst may be required to do on a regular basis.

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A businesses rules management system (BRMS) can help a business in almost any industry realize two goals: make faster decisions with an automated process; and make better decisions for more profitable results. Unfortunately, many businesses assume that the road to decision management success ends simply with selection of the right BRMS. But that’s just one step—one that should be accompanied by 11 others.

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Job sharing is growing in popularity across almost all corporate job sectors.  It also offers employers a viable option for balancing heavy workloads and retaining talent. Even if all of an organization's employees are full-time, should a project balloons unexpectedly and a business analyst become overloaded, the option to project-share would enable an employer to tag a less-stressed analyst to jump in and share the load.

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This year, organizations will be picking themselves up and dusting themselves off, becoming more savvy, agile and proactive. Business analysts are well positioned to help organizations meet the challenges of putting their houses back in order by helping to answer the question: “How and where do we create efficiencies that will help mitigate the sting of another possible economic downturn?”

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Extreme Inspections are a low-cost, high-improvement way to assure specification quality, effectively teach good specification practice, and make informed decisions about the requirements specification process and its output, in any project. The method is not restricted to be used on requirements analysis related material; this article however is limited to requirements specification. It gives firsthand experience and hard data to support the above claim. Using an industry case study I conducted with one of my clients I will give information about the Extreme Inspection method - sufficient to understand what it is and why its use is almost mandatory, but not how to do it. I will also give evidence of its strengths and limitations, as well as recommendations for its use and other applications.

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Does the business perceive business rules as a true organizational asset? Are they visible, valuable, and universally accepted as data is? Above all, does business rule management attract and sustain enterprise-wide high-level management attention?

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Complex Project Management (CPM) is the “next new thing” in our quest to achieve stronger project performance. Successful projects not only deliver on time, on budget, and with the full scope of features and functions. In addition, they deliver the expected benefits in terms of contributions to the bottom line of businesses. And projects today are complex, very complex. Our conventional project management tools and techniques alone are not adequate to successfully manage highly complex projects.

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If you've ever been a manager or above in a corporation, you've probably been exposed to the concept of Succession Planning. The basic idea is that all managers should have some idea of who is willing and able to step into your shoes once you are promoted into a new position or change your career focus... It is something that I think is often overlooked within our profession as BAs do not generally manage people, projects or teams. However, we do manage requirements, which like people, projects and teams, generally do not go away just because we move on in our careers. Succession planning is just as important for BAs as it is for managers.
 

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Widely-accepted conventional requirements models continue to create creep—changes to settled requirements which are a major cause of project overruns. Business Analysts and others will continue to encounter such creep so long as they follow flawed models focusing on requirements of a product or system being created without adequately also discovering the REAL, business requirements the product must satisfy to provide value.

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The goal of rulebook management is to give business workers and business analysts the ability to access and manage decision logic directly. The focus is on the kinds of challenges these business workers and analysts face on a day-in and day-out basis.

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Some people use them. Some people don't use them. Some people create them using sophisticated tools. Some use basic drawing programs. As part of the Unified Modeling Language, Use Case diagrams are often the starting point for many software projects. However, questions about Use Case diagrams still linger in the minds of many Business Analysts...

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Every project in which we have implemented the Decision Model has seemed to bring further proof that – in the world of business logic or business rules, it seems to create a frictionless environment. We see “Ah ha!” moments time and again when people realize the simplicity to which their complex logic or business rules may be reduced by applying the model.

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We are often asked what you need to do to run a successful SOA Pilot. Based on our experience of dozens of pilots, I propose that the following characteristics are essential to success.

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