Question

Compare and contrast between the business analysis process model and the business analysis core concept model.

business analysis and financial policy

Answer 1

Business analysis process model and the business analysis core concept model

Business analysis simply means delivering solutions to a business organisation that gives value to its stakeholders. These involve techniques and tasks to understand the business operations, policies and structure of the organisation and to recommend solutions for achieving the objectives.

Business analysis core concept model involves some core concepts that form conceptual framework for business analysis. The concepts are Change, Need, solution, stakeholders, value and context. Change is the act of transformation for a need. Need is the problem to be addressed. Solution is the process of satisfying a need. Stakeholders are group of individual who are related to these concepts. Value is the worth of stakeholder. Context is the circumstances that influence. These concepts are the guiding factors in all the context of business analysis. All of these factors are inter-dependent and have equal importance.

In Business analysis process model, business model is used to find solutions for the problems in the organisation. The analyst will create a business model which includes dataflow diagrams, activities diagrams etc. This model will be used to identify the business processes. Then it identifies the need of the organisation and its solutions. This model uses organisation templates and various modeling techniques. The analysis is done in various stages like Mess finding, data finding, problem finding, idea finding, solution finding and acceptance finding.

Comparison between these two models

Business analysis process model, uses business model for business analysis whereas Business analysis core concept model is based on concepts.

Business analysis core concept model is creative compared to the process model.

Business analysis process model works on concept wise. Business analysis core concept model works as per the stages which includes various areas need to be considered.