Business Analysts in the insurance industry

There are numerous types of Business Analysts out there and one of those specialist Business Analysts is the Insurance Business Analyst.

So who is an Insurance Business Analyst ?

In addition to the tools and skillset that every successful Business Read the rest

Change strategy definition

The define change strategy task is used to develop and estimate alternative ways to fulfill the change and select the right approach.

It is easier to define a change when the present and future states are already defined because then … Read the rest

Risk assessment

The assess risk task is used to identify the unpleasant consequences of internal and external forces on the enterprise during the transition or in the future state.

Once the potential impact of those forces are understood a recommendation can be … Read the rest

Future state definition

The define future state task is used to determine the set of conditions necessary to meet the business needs.

In order to successfully implement the solution the future state has to be well defined, achievable with the available resources and … Read the rest

Current state analysis

The analyse current state task is used to understand the reasons for the changing enterprise needs and how that would affect the organization.

To do this we have have to understand why the change is needed. A change cannot be … Read the rest

Strategy analysis knowledge area

The strategic analysis knowledge area describes the business analysis work that identifies a strategic need, addresses that need and aligns the strategic of the organization with the necessary change.

A strategy is the most effective way of applying the capabilities … Read the rest

Requirements approvals

Stakeholders have to approve the requirements and design for work to continue on the solution, in order for this to occur the stakeholders have to have an understanding of the requirements and design.

To ensure understanding the business analyst has … Read the rest

Requirements prioritization

The prioritize requirements task is used to rank requirements in the order of their importance.

The requirements have to be ranked to determine their importance to the stakeholders. Ranking can be based on the relative value of the requirement or … Read the rest

Requirements maintenance

Requirements are maintained to ensure that requirement accuracy is retained and there is consistency throughout the requirements life cycle. It also supports the reuse of the requirements in other solutions.

To ensure that the requirements remain relevant to the solution … Read the rest

Tracing requirements

Requirements tracing is used to ensure that the requirements and designs which might be at different levels are aligned to each other.

It is also used to manage the effects of the changes of one requirement in relation to other … Read the rest