A SWOT analysis evaluates a business’s strengths and weaknesses and identifies any opportunities or threats to that business. The framework is based on real life success stories and case studies to ensure your BA practice is the right fit based on your culture and political situation. Step 4 – Formulate Your Business Analysis … 5 Why Analysis – Lean framework to get to the root cause of an issue or a defect: Swot Analysis – Strengths, Weaknesses, Opportunities and Threats business framework: Sipoc – High level view of the process inputs and outputs: 7 Wastes – Lean types of waste to be eliminated: Affinity Diagram – Brainstorming technique for organization of information in logical categories SWOT stands for strengths, weaknesses, opportunities, and threats. Confirming the business case to ensure that it still makes sense for your organization to invest in the project. The Business Analysis Body of Knowledge (BABOK), developed by the International Institute of Business Analysis (IIBA) is a framework that describes what business analysis is, what tasks are performed as part of business analysis, and what techniques and competencies are relevant to performing the tasks.. Whether it is in the family, business or courts you name it, certain considerations must always be put into account before critical decisions are Figure 1. Business Analysis Process Flow. SWOT analysis helps stakeholders make strategic decisions regarding their business. In the world of business, the widely accepted practice is that decisions cannot not be made in a vacuum. Before a project commences, it is important to begin with the business analysis phase. The business analytics framework shown in Figure 1 updates Gartner's previous BI, analytics and PM framework, which we originally published in 2006 and updated in 2009. By Thejasree Prakash. The Breakthrough Business Analysis Implementation Framework leads the 21st century as the proven method to implement and sustain value-based business analysis practices. The Gartner Business Analytics Framework Business Models, Business Strategy and Enterprise Metrics Information ent gem ana M m Progra and a dat eta M s Service solution. BREAKTHROUGH BUSINESS ANALYSIS – Implementing and Sustaining a Value-based Practice, by Kathleen (Kitty) Hass provides a straightforward implementation framework to ensure your BA practice is the right fit, brings value to your organization, and sustains it through the rough roads ahead. The process is generally divided into multiple steps with each step involving specific tasks to perform, principles to follow and documents to produce. The SWOT analysis is a fundamental tool in a BA’s arsenal. The PMI Business Analysis Framework is more of a standard and guide, similar to the PMBOK (Project Management Body of Knowledge) while the BCS Business Analysis framework follows the ‘SFIA plus industry standard framework’. Scope is not an implementation plan, but it is a touchstone guiding all of the subsequent steps of the business analysis process and tasks by other project participants. The basis of the IIBA’s Business Analysis framework …