10 Most Popular Business Analysis Techniques

10 Most Popular Business Analysis Techniques

• 1. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE OKAY
• 2. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 3. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 4. 1 SWOT Analysis 1. SWOT Analysis A SWOT analysis is defined as a set of methods used to examine both internal and external factors that affect the performance of a company. Swot analysis is mostly applied in the initial stages before the company launches any new plans, especially strategic marketing plans. There are four contributing elements need to be examined to complete the analysis, namely strengths, weaknesses, opportunities, and threats. Among them, strengths and weaknesses refer to any criteria within and under the control of a company; therefore, they are also called internal factors.
• 5. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 6. 2 MOST Analysis 2. MOST Analysis MOST analysis method is suitable for any company looking for performing internal analysis since it helps the owners sure that they are on the right pattern. The name MOST is an acronym for mission, objectives, strategies, and tactics. The business needs to define where they want to drive their business to, what goals do they need to obtain to achieve their mission, what is the detailed plan, and how to perform the defined plan. The term MOST stands for its four elements: M-Mission, O- Objective, S-Strategy, T-Tactics.
• 7. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 8. 3 Business Process Modelling  3. Business Process Modelling Business process modeling (BPM) in business process management and systems engineering is the activity of representing processes of an enterprise, so that the current process may be analyzed, improved, and automated. By subject matter experts, who have specialized knowledge of the processes being modelled; or more commonly by a team comprising both. The business objective is often to increase process speed or reduce cycle time; to increase quality; or to reduce costs, such as labor, materials, scrap, or capital costs. In practice, a management decision to invest in business process modeling is often motivated by the need to document requirements for an information technology project.
• 9. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 10. 4 Use Case Modelling 4 Use Case Modelling Use case modeling is the technique to pictorially illustrate how business functions should work in a proposed system through user interactions. This is mainly used in software development project and in the design phase to transform business requirements into functional specifications within an existing development project. There are different tools used to draw UML diagrams such as Microsoft Visio, IBM’s Rational Rose, etc.
• 11. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 12. 5 Brainstorming 5 Brainstorming This is a group activity and one of the most popular business analysis techniques among the business analysts. This is a very creative technique where a group activity is performed to generate ideas, root cause analysis and proposing solutions for the problems. Not to mention Brainstorming works as an underlying technology for other business analysis techniques including SWOT analysis, PESTLE analysis, etc.
• 13. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 14. 6 Non-functional Requirement Analysis 6 Non-functional Requirement Analysis Capture conditions that do not directly relate to the behavior or functionality of the solution. Instead, they describe environmental conditions under which the solution must remain effective or qualities that the systems must have. The quality or supplementary requirements. Describes how business analysts prioritize and progressively elaborate stakeholder and solution requirements in order to enable the project team to implement a solution that will meet the needs of the sponsoring organization and stakeholders.
• 15. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 16. 7 PEST Analysis 7 PEST Analysis PEST analysis describes a framework of macro- environmental factors used in the environmental scanning component of strategic management. It is part of an external analysis when conducting a strategic analysis or doing market research, and gives an overview of the different macro- environmental factors to be taken into consideration. It is a strategic tool for understanding market growth or decline, business position, potential and direction for operations.
• 17. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 18. 8 Requirement Analysis 8 Requirement Analysis The requirements analysis encompasses those tasks that go into determining the needs or conditions to meet for a new or altered product or project, taking account of the possibly conflicting requirements of the various stakeholders, analyzing, documenting, validating and managing software or system requirements. Requirements analysis is critical to the success or failure of a systems or software project. The requirements should be documented, actionable, measurable, testable, traceable, related to identified business needs or opportunities, and defined to a level of detail sufficient for system design.
• 19. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 20. 9 CATWOE 9 CATWOE This business analysis used to force businessmen to brainstorm their goals within limited time. There are 6 essential factors: customers, actors, transformation process, world view, owners, and environmental constraints to make this analytical tool, which also make up the acronym for its name. CATWOE is an acronym for: Clients Actors Transformation Weltanschauung or World View Owner Environmental Constraints
• 21. 10 Most Popular Business Analysis Techniques 10 Most Popular Business Analysis Techniques SWOT Analysis MOST Analysis Business Process Modelling Use Case Modelling Brainstorming User Stories Non-functional Requirement Analysis PEST Analysis Requirement Analysis CATWOE
• 22. 10 User Stories 10 User Stories This is a modern business analysis technique mostly used in the Agile model where there is a need for iterations for requirement gathering, designing and building a project. In this technique, requirements are collected from end users point of views to build the best solution. Advantage: As the requirements are analyzed from the users perspective, hence, the outcome of such an analysis is very much user-focused and highly effective.