2. Understanding Business Analysis
2.1 Defining Business Analysis
The Business Analysis Standard
Business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders within a given context.
There are several important concepts to understand in this definition:
The act of transformation in response to a need.
A problem or opportunity to be addressed.
A specific way of satisfying one or more needs in a context.
The worth, importance, or usefulness of something to a stakeholder within a context.
A group or individual with a relationship to the change, the need, or the solution.
The circumstances that influence, are influenced by, and provide understanding of the change.
Business analysis relies on foundational principles, concepts, and practices to support its functions. These elements drive the creation of frameworks, processes, techniques, tasks, and competencies. They empower professionals and organizations to effectively achieve business outcomes.
Regardless of organizational structures, industries, or methodologies, these fundamentals remain consistent. They apply whether working in adaptive environments, data analytics, cybersecurity, product ownership, or other areas. These principles ensure that business analysis continues to empower individuals and organizations across various initiatives.
