What are Business Analysis methods?

Business analysis methods encompass various techniques to assess and improve business processes. 

Some common methods include SWOT analysis, PESTLE analysis, stakeholder analysis, use case modeling, and cost-benefit analysis. 

Each method serves a specific purpose in understanding and enhancing different aspects of a business.

The business analysis methods are:

1. SWOT Analysis: Examines Strengths, Weaknesses, Opportunities, and Threats to understand the internal and external factors influencing a business.

2. PESTLE Analysis: Evaluates the Political, Economic, Social, Technological, Legal, and Environmental factors affecting a business to anticipate potential challenges and opportunities.

3. Stakeholder Analysis: Identifies and assesses the interests, influence, and impact of various stakeholders on a project or business.

4. Use Case Modeling: Illustrates how a system or process interacts with external entities, defining different scenarios and outcomes.

5. Cost-Benefit Analysis: Compares the costs of a project or decision against the expected benefits to determine its feasibility and potential return on investment.

6. Gap Analysis: Identifies the difference (gap) between current performance and desired future goals, helping organizations plan how to bridge that gap.

7. SWOT Analysis: Focuses on understanding an organization’s internal strengths and weaknesses to leverage opportunities and mitigate threats.

These methods provide valuable insights for decision-making and strategic planning in business analysis.