A business analysis work plan is a comprehensive document that outlines the strategy, approach, and methodology for conducting a business analysis project.
It serves as a road map for the analysis team, detailing the objectives, scope, timeline, resources, and deliverables of the project.
The work plan typically includes:
1. Objectives: Clearly defined goals and outcomes the analysis aims to achieve.
2. Scope: Description of the boundaries and focus areas of the analysis, including what will be included and excluded.
3. Stakeholder Identification: Identification of key stakeholders and their roles in the analysis process.
4. Requirements Gathering: Plan for collecting necessary data, information, and input from stakeholders.
5. Analysis Techniques: Selection of appropriate analysis techniques and methodologies to achieve the objectives.
6. Timeline: A schedule outlining key milestones, tasks, and deadlines for the analysis project.
7. Resource Allocation: Allocation of human, financial, and technological resources required for the analysis.
8. Risk Management: Identification and mitigation strategies for potential risks and challenges that may arise during the analysis process.
9. Communication Plan: Plan for regular communication and reporting to stakeholders, including frequency and format.
10. Review and Approval Process: Process for reviewing and obtaining approval for the work plan from relevant stakeholders.
11. Execution Plan: Detailed plan for executing the analysis activities according to the defined timeline and scope.
12. Monitoring and Control: Methods for monitoring progress, tracking performance, and making adjustments as needed.
13. Documentation: Procedures for documenting findings, analysis results, assumptions, and recommendations.
14. Presentation and Reporting: Plan for presenting analysis findings and recommendations to stakeholders in a clear and actionable manner.
15. Follow-Up: Plan for implementing recommendations, monitoring outcomes, and conducting post-analysis evaluations.
A well-developed business analysis work plan helps ensure that the analysis project is conducted efficiently, effectively, and successfully, ultimately leading to informed decision-making and positive business outcomes.