What is the business analysis framework?

A methodical technique to discovering, characterising, and solving business challenges and opportunities is known as business analysis. 

Business analysts often utilise a variety of frameworks and approaches to guide their work. 

The International Institute of Business Analysis (IIBA) established the BABOK® (Business Analysis Body of Knowledge) framework, which is widely used. 

It provides a thorough guide to numerous aspects of business analysis, such as:

1. Business Analysis Planning and Monitoring: this is the how the scope, approach, and plan for the analysis process.

2. Elicitation and Collaboration: Collecting and managing requirements via interviews, surveys, workshops, and other means.

3. Requirements Analysis and Design Definition: Analysing acquired information to create comprehensive requirements and provide solutions.

4. Strategy Analysis: Evaluating the strategy aims and objectives of the organisation to ensure alignment.

5. Requirements LifeCycle Management: Managing needs from inception to retirement.

6. Stakeholder Engagement: Identifying and engaging stakeholders in order to guarantee that their requirements are met.

7. Enterprise Analysis: Understanding the entire business context of the organisation.

8. Solution Assessment and Validation: Evaluating proposed solutions to verify compliance.

9. Underlying Competencies: Knowledge and skills needed for effective business analysis.

10. Techniques: The various approaches and tools employed during the analysis process.

There are also frameworks that emphasise iterative and collaborative techniques, such as the Agile framework, and the Six Sigma framework, which focuses on process improvement and defect reduction.

The framework chosen is determined by the project’s specific requirements as well as the preferences of the organisation. 

Business analysts frequently adapt and combine parts from many frameworks to suit their specific conditions.