Question

differences between the business analysis process model and the business analysis core concept model

Answer 1

A business analysis process model is a description, usually presented in a visual format (a diagram) of the activities which must be performed in order to achieve a desired business result. For example, a health insurance company derives profit from the differential between the cost of providing services and the price of those services. The cost side of the equation is calculated by processing and adjudicating claims which are submitted for payment. Depending on the product, those claims may be submitted by providers (doctors, hospitals, etc.) or by the insured (in the case of reimbursed expenses).

In this case, the business process involves submission/receipt of the claim, adjudication/determination of the claim, and reimbursement to the provider (or submitter). The business process model for this would be the description of the necessary activities to “process a claim”.

whereas,

The Business Analysis Core Concept Model is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders. It encompasses a wide range of skills, knowledge, and tasks that may vary in form, order, or importance for individual business analysts or for various initiatives within an organization. It also helps to perform better business analysis by holistically evaluating the relationships among six concepts enclosed below and also by evaluating the impact of these concepts and relationships at any point during a project in order to establish both a foundation and a path forward.

Six core concepts: Change, Need, Solution, Stakeholder, Value, and Context.