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HomeHomework Helpbusiness-analysisBusiness Analysis Techniques

Business Analysis Techniques

Business analysis techniques are methods used to evaluate and improve business processes, systems, and strategies. These tools help in identifying problems, opportunities, and solutions for enhancing organizational performance. Proficiency in business analysis techniques is valuable for driving innovation and efficiency.

intermediate
5 hours
Business Analysis
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Overview

Business analysis techniques are essential for identifying and solving business problems. They provide a structured approach to understanding needs, gathering requirements, and improving processes. Techniques like SWOT analysis, requirements gathering, and process mapping help organizations make inf...

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Key Terms

SWOT Analysis
A strategic planning tool used to identify strengths, weaknesses, opportunities, and threats.

Example: A company uses SWOT analysis to assess its market position.

Requirements Gathering
The process of collecting the needs and expectations of stakeholders.

Example: Interviews and surveys are common methods for requirements gathering.

Process Mapping
A visual representation of a process, showing the steps involved.

Example: A flowchart is a type of process map.

Stakeholder
An individual or group with an interest in a project or business outcome.

Example: Customers, employees, and investors are all stakeholders.

Business Analyst
A professional who analyzes business needs and recommends solutions.

Example: A business analyst may work on improving a company's software systems.

Data Analysis
The process of inspecting and interpreting data to extract useful information.

Example: Data analysis helps businesses make informed decisions based on trends.

Related Topics

Project Management
The practice of planning and executing projects effectively.
intermediate
Data Analysis Techniques
Methods for analyzing data to extract insights.
intermediate
Strategic Planning
The process of defining an organization's direction and making decisions.
advanced
Change Management
Approaches to managing change within an organization.
intermediate

Key Concepts

SWOT AnalysisRequirements GatheringProcess MappingStakeholder Analysis