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Fundamentals of Business Analysis
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Fundamentals ofBusiness Analysis
By KONSTANTIN MULYARCHIK, PhD
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BUSINESS ANALYST INPROJECT AND PRODUCT
TOPIC 2
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SYNCING THE CONTEXTPRACTICAL TASK
Give the definition for each of the following terms:
• Product
• Project
• Information system (+ think how the above three differ)
• Life cycle
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PROJECTProject – is a group activity designed to produce a unique product,
service or result within a limited time frame, scope and resources.
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PROJECT LIFE CYCLE PHASESPre-Sale
Initiation
Planning
Execution
Monitoring and Control
Closure
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PROJECT LIFE CYCLE PHASES – WHERE IS BA?Initiation
Planning
Execution
Monitoring
and Control
• Study
domain area
• Study
current
state, study
problems
• Definition of
what should
be done as a
result
• Define BA
activities/pr
ocesses for
the project
• Plan communication
• Plan change
management
• Perform
planned BA
activities
• Detailed
requirement
s elicitation
and analysis
• Support for
development
and QA
• Check how
BA activities
are being
performed
within the
project
(metrics)
• Introduce
corrective
actions
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Closure
• Knowledge
transfer
• Writing user
documentati
on
• Retrospectiv
e
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PRODUCTProduct – is a good, idea, method, information, object or service
created as a result of a process and serves a goal or satisfies a
particular need.
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PRODUCT LIFE CYCLE PHASES (OR A PART OF IT)Idea
Requirements Analyzed
Designed
Implemented
Tested (Verified)
Went live
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PRODUCT AND PROJECT LIFE CYCLES COMBINTEDHow are the project and product life cycles connected? What does this
remind you?
Yes!
Project methodologies:
• Waterfall
• Agile (CANBAN, SCRUM, etc)
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PRODUCT AND PROJECT LIFE CYCLES COMBINTED• Where is business analyst here and what activities does he/she perform?
• What activities of all these are the most important?
PRODUCT
PROJECT
Idea
Initiation
Requirements Analyzed
Planning
Designed
Implemented
Execution
Tested (Verified)
Monitoring and Control
Went live
Closure
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BUSINESS ANALYST ACTIVITIES (BABOK)1
Elicitation and Collaboration (Information gathering and communication)
2
Strategy Analysis (Understand enterprise problems and goals)
3
Requirements Analysis and Design Definition (Analyze needs and design solutions)
4
Solution Evaluation
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Requirements Life Cycle Management (Requirements engineering and management)
6
Business Analysis Planning and Monitoring
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SEE YOU NEXT TIME!CONFIDENTIAL
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