Business & ITC Innovation
Business Analysis is the practice of enabling change in an organizational context, through the definition of requirements and suggesting solutions that deliver value to stakeholders. Business analysis has surged ahead as a core business practice in today’s volatile market scenario. Business analysts act as a dynamic link between an organization’s information technology capabilities and its business objectives and contribute to the profitability of enterprises of every size and across various domains. Training in Business Analysis aids professionals in capitalizing on a fast-changing marketplace by picking up skills needed by cutting-edge organizations to stay competitive
Business Analysis is the practice of enabling change in an organizational context, through the definition of requirements and suggesting solutions that deliver value to stakeholders.
Business analysis emerged as a core business practice in today’s volatile market scenario.Business analysts act as a dynamic link between an organization’s information technology capabilities and its business objectives and contribute to the profitability of enterprises of every size and across various domains. Training in Business Analysis aids professionals in capitalizing on a fast-changing marketplace by picking up skills needed by cutting-edge organizations to stay competitive.
In today’s constantly evolving and complex business environments, the key to organizationalsuccess is adaptability, agility, and the distinctability to manage recurring change through innovation.
Conventional methods to conduct business processes will not be always fruitful in the faceof economic downturns. This is where business analysis comes into the picture, withenterprises accomplishing business goals by translating customer requirements into newservices, products and eventually, profits. Business analysts can make it all happen moreefficiently and effectively.
The business analyst’s primary goal is in aiding enterprisesimplementing technologysolutions in a timely and inexpensive way. This isdone by deciding the needs of a project orprogram and communicating them in a precise mannerto stakeholders, facilitators, andpartners.
Business analysis has been recognized as a mission-criticalcompetency with regard toproject management. For professionals working withstakeholders in defining needs, drivingbusiness outcomes and shaping project outputs, thePMI Professional in Business Analysis orPMI-PBA can highlight your niche skills. Other preciousadditions to a professional’s BAskillset is Agile BA implementing Scrum processeswhich enable candidates to accuratelychurn out rapid prototypes of the product or the actualproduct or service itself. The goldstandard in project management, PMP is also a stepahead in terms of BA and will prove itself to be a high ROI investment in the long run.
Important concepts learned in these courses include:
Business Analysis certifications such as Certificationof Competency in Business Analysis(CCBA) and Certified Business Analysis Professional(CBAP) equips with the variousmethodologies like Agile, Information Technology,Business Process Management,Intelligent, and Architecture class. According tothe IIBA Salary Survey and U.S. Departmentof Labor, Business Analysts are paid hefty salarieslike $100,000 or more annually.
The training program entitles with:
There are eight Business Analysis Techniques, whichhave come to the forefront time andtime again:
SWOT Analysis – refers to Strengths, Weaknesses, Threatsand Opportunities Analysis whichis an enterprise level analysis technique of assessingan organization against these fourfactors. Each factor has its own set of techniquesthat can be applied
Requirements Interviews- It is the activity of executinga structured interview where theBusiness Analyst questions, captures, interprets andunderstands the intention of requirements requested by the interviewee for a particular solution.
Use Case Modeling – It deals with illustrating thefunctions that a new system should be ableto perform from a user interaction perspective.
Data Modeling is a Business Analysis Technique dealswith describing a requirement in termsof its data elements.Data Modelingis used to describeelements(things, people, places etc)of which data is to be captured and attributes foreach entity to record. Data Modeling isapplied during the Analysis and Design stages of aproject
User Stories- User stories is a relatively modernBusiness Analysis Technique which is a wayto describe what a user wants in terms of how theywill be using a system for their ownpurposes coming from a specific perspective.
Non-functional Requirements Analysis – This techniqueis for defining and capturing therequirements so that it describes the characteristicsrequired for a new or changed system
Scrum – An agile framework that is integrated in everyorganization used for completingcomplex projects. It was developed initially for softwareprojects and slowly extended forcomplex, innovative scope of work.Scrum is a managementand control process thateliminates complexity to concentrate on building softwarethat meets business needs.Management and teams are able to get their hands aroundthe requirements andtechnologies, while never letting go, and deliveringworking software both incrementally andempirically. Scrum is simple and is the converse ofa large collection of interlinkedcompulsory components for effective team collaborationon complex software projects.
Scrum is not a methodology but utilizes the scientificmethod of empiricism that replaces aprogrammed algorithmic approach with a heuristic one,with respect for people andself-organization to deal with unpredictability andsolving complex problems.
Bachelor’s degree is needed for all students, thoughsome companies might want theirBusiness Analysts to have a master’s degree. Professionalscertified in finance or accounting,the business administration may go for Business Analysttraining.
Soon after the completion of this specialization,you would have imbibed advancedabilities in Business Analyst, plus you will be allready to hit the glorious Business Analystjob market.
Applicants that have technical and non-technical abilitiescan attend this Business Analysiscourse. A job that has high value and respect amongany industry. You can be:
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These five enterprises known worldwide have used BusinessAnalysis to greatly improveoperations and boost their bottom line:
Used Business Analysis technique to improve customerrelations and smooth over clientinteraction with massive analysis put to use to processcustomer data. This company reliesheavily on Business Analysts to keep-up company operations.
This financial enterprise has always leveraged BusinessAnalysts to analyze and use customerbehavior to the advantage of the company. Accurateforecasts and customer loyalty andgenerated and gauged to handle customer accounts worldwide
This is a national accounting and audit firm whichputs Business Analysis to use inrecognizing risk and fraud during audits. BusinessAnalysts make vendor shortlisting moreeasy, and removed discrepancies in the system.
This is a financing corporation that funnels BusinessAnalysis into marketing and predictingcustomer behavior to ensure maximum customer satisfaction.Business Analysts feedmarketing campaigns with business insights and targetedstrategies to drive business.
Business Analysis plays a major role in this giantenergy corporation, guiding the businessinto new milestones faster than otherwise thoughtpossible.
Paypal built the analytics-based undertaking fraudcontrol to prevent an electronic financialrobbery in the organization and customer-related areas.
Direct TV integrates internal data like watching interests, email with outer data on particularsubscribers to offer ads that are precisely targetedand efficient.
UPS introduced a fleet navigation process that checksroute and parcel delivery informationfor helping drivers locate an address for better success.
It introduced a CRM platform to gather and study unorderlyinformation created byconsistent calls to many departments in the municipality.By collecting this jumbledinformation, city managers have acquired higher fairnessin presenting speedy services inseveral neighborhoods, making them more reactive tothe requirements of businesses andresidents.
We are a leading international educational group thatrecognizes the challenge of changingbusinesses with the help of analysis and insightsfrom potent data. Therefore, we areextremely committed to entitling professionals witha blazing future. And to accomplish thiswe use life-changing courses in the science of BusinessAnalysis.
Our goal is to give you that opportunity to be inspiredand empower yourselves with theBusiness Analytics expertise that we have painstakinglycollected through our hard work anddiscipline. We only want and create thought-giantsand decision-creators for our future.
Certification help
The course and qualifying program trains you in the foundation about the core topics mentioned in the International studies in Business Analysis qualifying tests like CBAP or CCBA. Not only do you stand to increase your salary, you also get the advantage of CBAP or Certificate in Business Analysis Professional or the Certificate of Competency in Business Analysis. These certifications explain the level of quality in you to make it asa top Business Analyst. The qualification makes you a valuable candidate who can been trusted with data to create fine reports with high consistency and competence.
About our Business Analysis Certification
Our professional certification shall help you to showcase your expert skill levels andknowledge in this special industry. This Business Analyst certification is crucial if youare fresh and about to begin your first days as a Business Analyst. In the developing jobmarket, only certified professionals are needed. Most companies are hunting forapplicants who are professionally trained and have thorough professional knowledge inBusiness Analysis. Leading training companies like the International Institute ofBusiness Analysis or IIBA offers several certifications to scrutinize and qualify BusinessAnalysts with greater knowledge.
Certification kinds in Business Analysis
IIBA, a well-known certification authority for Business Analysis grants two importanttypes of certification.
Certified Business Analysis Professional or CBAP
Certification of Competency in Business Analysis or CCBA
CBAP Certification
Requirements
Work experience of 7500 hours minimum in BA related to the BABOK guide in thelast ten years
Work experience of 900 hours minimum in each of the two from the six
Minimum of 21 hours of professional development in the past four years
Two references of a career manager or CBAP professional recipient and a code ofconduct that is signed.
Exam Details
1. Fees for the application is $125 and is non-refundable
2. Fees for the exam is $325 for IIBA Member or $450 for non-IIBA Member
3. Student should answer a total of 150 Questions
4. Duration of the examination is 3.5 hours
5. You should maintain this credential for every three years or else it shall expire whennot renewed
CCBA Certification
Requirements:
1. Work experience of 3750 hours minimum in BA related to the BABOK guide in thelast seven years
2. Work experience of 900 hours minimum in each of the two from the six knowledgedomains or a minimum of 500 hours in each of the four from the six knowledgedomains.
3. A minimum of 21 hours of professional development in the past four years
4. Two references of a career manager or CBAP professional recipient and a code ofconduct that is signed.
Examination Details
1. Fees for the application is about $125 and is non-refundable
2. Fees for the examination is $325 for IIBA Member or $450 for Non-IIBA Member
3. Student must answer a total of 150 Questions
4. Time available to complete the exam is 3.5 hours
5. You should maintain this credential for every three years or else it shall expire whennot renewed
Useful Links:
http://www.iiba.org/Certification-Recognition/certificationlevels/level3-cbap.aspx
Ans. A project life-cycle consists of five phases: initiation, definition, design, development andimplementation phases. To demonstrate these phases, we employ the use of flowcharts which can alsobe called as a visual-guide to project. The following description shows the steps required for it.
Ans. Documentation is something that every Business Analyst do at various stages. In fact, it is one ofthe integral job functions carried out by a Business Analyst. These are created to ensure that the needsand requirements of the varying businesses and various users are met.
The “Requirements Documents” created by a Business Analyst are:
Project vision document: It documents the purpose of the product to be developed and thebusiness objectives that can be achieved. It contains
Requirement Management Plan: It documents the required necessary data and informationtools for effective management of the project from project initiation to delivery. It contains:
User stories: It describes the functionality provided by the business system. This is written fromthe perspective of the end user or client.
Use cases: Focusses on identifying, defining and organizing the requirements of the system. Thisdocument is often used in the system analysis. It contains:
Business Requirement Document: Description of the product’s/process’ business requirementsand thus expected end-results. It contains:
Requirement Traceability Matrix: Relationship that the project requirements have with thedocumentation, design, testing, development and release of the project/product aredocumented in this document. It contains:
Functional Requirement Specification/Functional Specification Document: Description of therequired behavior of a system. The Inclusion of data and operations, output, input and theproperties of a system is also there. It contains:
Test Case: This document comprises a set of test data, preconditions, variables and expectedresults which are created to verify and validate whether a particular piece of functionality isbehaving as documented in the requirement documentation. It contains:
System Requirement Specification/ System Requirement Document: This document containshows of functioning of the complete system and enumeration of its hardware, software,functional and behavioral requirements. It contains:
Ans. “Use case”: Focuses on identifying, defining and organizing the requirements of the system. This document is often used in the system analysis. It is created from the perspective of the user.The goals achieved by this document are
It contains:
Ans. An Entity-Relationship diagram is a data-modelling technique which graphically defines and showsup the system’s entities and their relationships with each-other. It is highly conceptual and is used torepresent the entity framework structure.
The elements are:
The steps involved in building up an ERD are:
Ans. Various tools required for Business Analysis include
SWOT Analysis: SWOT corresponds to Strengths, Weaknesses, Opportunities and Threats. Thisanalysis helps in the overall development of an individual by analyzing each positive andnegative point of that individual.
PEST Analysis: PEST analysis is a framework used for analysis of external environment analysis.PEST stands for Political, Economic, Sociological and Technological
MOST analysis: It is intended for conducting the internal environmental analysis. MOST standsfor Mission, Objectives, Strategies and Tactics.
Heptalysis: Used for analysis of early stage businesses. This can be done in 7 categories:
De Bono’s Six Thinking Hats: It helps in generating and analyzing various ideas and options.These can be relied upon during brainstorming sessions.
CATWOE: This helps in thinking about business aims promptly. CATWOE is an acronym forCustomers, Actors, Transformation process, World View, Owner and Environmental Constraints.
Five WHYs: This tool focuses on finding and hence addressing the main cause of a problem.
MoSCoW: MoSCoW stands for Must have, Should have, Could have and Won’t have
SCRS: Flow occurs from strategy to current state to requirements to the correct solution. SCRSstands for Strategy, Current state, Requirements, and Solutions
VPEC-T: Sometimes, the focus has to be on analyzing the different views and policies of various parties on the system. This analysis is carried out to do the same.It stands for Values, Policies,Events, Content and Trust.
Ans. The Business Analyst road map highlights thevarious options and opportunities available to anindividual based on his/her experience and expectations.
Case 1: If the concerned person has recently availedhis/her education via completing degree/diploma inbusiness or IT or business Analysis, move to Case3 for further information.
Case 2: If the concerned person is working in officein programming or support or quality assurancedepartment in any IT firm or working in sales or customerservice or SEO or finance or project manageror any other department in any business-related firmand has gained enough experience, then move toCase 3 for moving ahead in this road-map.
Case 3: The concerned person can work as FunctionalAnalyst or Service Request Analyst or Agile Analystor System Analyst or Business System Analyst or BusinessRequirements Analyst. If the concerned personhas worked in any of these roles and gained enoughexperience, then he can move to becoming BusinessAnalyst.
Case 4: Gaining enough experience as a business analystcan further open route towards becomingIntermediate Business Analyst. The Intermediate positionsinclude Intermediate Process Analyst,Intermediate Requirements Analyst, Intermediate BusinessSystems Analyst, Intermediate Systemsanalyst, Intermediate Functions Analyst all are partsof CCBA. After gaining enough experience in thisfield the person can refer to case 5 and case 6.
Case 5: Intermediate Business Systems Analyst, IntermediateSystems analyst, and IntermediateFunctions Analyst can head towards becoming IntermediateAgile Analyst or Senior Business SystemsAnalyst or Senior Systems analyst or Senior FunctionAnalyst or Senior Requirements Analyst. Intermediate Process Analyst has only one route ahead and that is to become Senior Process Analyst. Allthe senior positions are part of CBAP. If the concernedperson has worked in this position for enoughtime, then refer to case 6.
Case 6: After working as Senior Process Analyst, SeniorRequirements Analyst, Senior Business SystemsAnalyst, the new route towards becoming Decision Supportanalyst is open. Senior Business SystemsAnalyst, Senior Systems analyst, Senior FunctionalAnalyst can take on Business Analyst Leadership,Business Architect, and Enterprise Architect. Theway now moves towards case 7.
Case 7: Decision Support Analyst can become SeniorDecision Support Analyst. The Senior DecisionSupport Analyst can further move on to become Director/VPanalytic of the company. Business AnalystLeadership, Business Architect, and Enterprise Architectcan further move on to become Director/VP ofthe company. Now go to case 8.
Case 8: All the Director/VP/VP Analytics can now movetowards C - level of the company.
Ans. The following points correspond to the job titlesand designations for “Business Analyst”:
Ans. The salary trends in the market for “BusinessAnalyst” across countries are as follows:
Ans. A Business Analyst has many options and pathavailable.The future prospects for qualified andexperienced Business Analyst are given as below:
Ans. Here are the different sectors/ fields for “BusinessAnalyst” to work:
Bachelor’s degree, Bachelor’s degree inBusiness Administration
Trainee can watch the recorded video of all the sessionsin the LMS or Trainee can attend themissed session in the upcoming batches
Trainee will have the access to Recorded sessions,Assignments, Quizzes, Case studies, fewcourse documents posted by trainers, Placement relateddocs etc.
Trainee will get 1 year access to the LMS. You cancontact our support team to extend thevalidity of the LMS
Yes, Of course! Trainee will get the project at theend of the course, you need to submit aproject. Our trainers will assist you to completethe project.
Trainee will get step by step assistance from ourexpert trainers during the practical sessions,post live sessions, you can practice at your end andsubmit your queries if any to our supportteam support@corpconsult.co for further assistance.
Our trainers are industry experts having 10 to 15years of industry experience and 3-4 years oftraining experience. Most of the trainers are workingprofessionals who teach the real timescenarios which will help the students to learn thecourses in an effective manner
Yes, Trainee will get the participation certificatefromCorpConsultupon successfullycompleting the course.
Trainee can drop an email to support@corpconsult.coan automatic ticket will get generated.Our support team work 24/7 to assist you with allyour queries.
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