Unraveling the IT world
Metrics and key performance indicators are used to assess the performance of solutions, solution components, and other elements that might be of interest to the stakeholders.
A metric is a quantitative level of an indicator that an organization uses to… Read the rest
Business analysts use the lessons learned process to compose and document successes, opportunities for improvement, failures, and recommendations for enhancing the performance of future projects.
A lessons learned or retroactive session is used to spot either changes to the business … Read the rest
Item tracking is used to document and assign responsibility for issues and
stakeholder concerns that could affect the solution.
Item tracking is a structured approach used by business analysts to respond to various stakeholder concerns. Examples of stakeholders concerns include … Read the rest
A glossary describes the essential terms that are important to a business domain. They are used to provide the stakeholders with a shared understanding of domain terminologies.
A glossary is a list of terms in a specific domain with descriptions … Read the rest
Functional decomposition is the analysis of complex systems by breaking them down into smaller simpler elements.
It involves breaking down processes, systems, functional areas, or deliverables into simpler components, so that each part can be analyzed separately.
By breaking down … Read the rest
A focus group is a way of gathering ideas and opinions about a particular product or service in a collective group environment. The participants, led by a facilitator, would express their opinions, inclination, and needs.
A focus group is made … Read the rest
Business analysts use financial analysis to understand the financial features of a solution.
Financial analysis is the evaluation of the expected financial realization, stability, and benefits of an investment option. It includes an examination of the total cost of the … Read the rest
Estimation techniques are used to forecast the cost and effort involved in following a particular course of action such as the implementation of a solution.
Estimation techniques are used to help organizations make strategic business decision by analyzing the following. … Read the rest
Document analysis is used by business analysts to obtain information, by scrutinizing available materials that describe the business domain.
Document analysis may be used to gather background information in order to understand the context of a business need, or to … Read the rest
Stakeholders use decision analysis to analyze a problem and make decisions in uncertain conditions.
The business analyst uses decision analysis to analyze different results in uncertain or complex situations.
Decisions are often difficult to analyze in the following situations:
