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The Standard
BABOK Guide
BABOK Applied
Agile Extension
Business Data Analytics
Product Ownership Analysis
The Standard
BABOK Guide
BABOK Applied
Agile Extension
Business Data Analytics
Product Ownership Analysis

1. Understanding Business Analysis

Importance of Business Analysis

The Business Analysis Standard

Business analysis:

  • enables an enterprise to:
    • understand rationale for change;
    • identify and prioritize business needs; and
    • design solutions that deliver the desired value;
  • can be used in different contexts and viewed through many lenses;
  • can be performed on strategic, tactical, and operational initiatives;
  • may be performed to:
    • support strategic decision-making;
    • ensure successful organizational transformation;
    • redesign business processes;
    • connect project or product outcomes to strategy;
    • ensure requirements are aligned with strategic, tactical, and operational objectives;
    • support enterprise evolution through continuous improvement initiatives.

Effective business analysis is critical for:

  • helping align the enterprise’s strategic objectives, operational goals, and tactical execution through well-defined business architecture;
  • designing business intelligence solutions to transform data into meaningful, value-added information;
  • optimizing and managing end-to-end business processes;
  • ensuring an organization is using data to drive effective business decision-making;
  • creating successful products with effective product ownership analysis;
  • assessing, analyzing, improving, or implementing information technology solutions;
  • supporting an organization’s digital transformation initiatives;
  • helping an organization accelerate its business agility goals.