Question

In: Finance

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

a) Compare and contrast between the business analysis process model and the business analysis core
concept model.
b) What do you understand by “use case(s)”? With the aid of a diagram, illustrate the use cases of a
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Solutions

Expert Solution

Business analysis process model:

It is a flow of steps/ activities which must be performed with a view to achieve a desired business result. The follwowing steps are involved:

1. Investigate the situation: Unearth issues and problems behind the situation to have a holistic view of the same.

2. Consider perspectives : Assess the position of stakeholders as well as their perspectives on the business situation.

3. Analyze needs: analyse what improvements can be made to the business situation to get the desired results.

4. Evaluate Options: check various business options to check their feasibility.

5. Define requirements: understand and document the requirements for making changes to the business solution.

Business analysis core concept model:

1. The focus of this model is to provide a standardized framework to analysts so that they all work with a common terminology, independent of methods, perspective, industry or levels in the organization.

2. The model consists of 6 core concepts: Change, need, solution, context, value and stakeholder. All these concepts are equally important and the relationship among these must be holistically evaluated during a project to suggest a way forward.

3. This model is much standardized and fixed in nature than the business analysis process model since it gives a framework that must be followed by BAs while taking decisions w.r.t to a business project.


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