Business Analysis

Business Analysis Core Concept Model (BACCM)

The BACCM core concepts help to effectively identify, analyse, and communicate requirements:

Value = Worth or usefulness to stakeholders.

Solution = Way to satisfy the need.

Need = Problem or opportunity to address.

Stakeholder = Anyone impacted by the change.

Context = Circumstances influencing the change.

Change = Transformation in response to a need

“We deliver Value from the Solution to a Need of the Stakeholder in the Context of Change“

Business Analysis vs. Data Analysis

	Business Analysis	Data Analysis
Description	Identifying business needs and findings solutions to business problems	Examining data to extract meaningful insights and support decision-making
Scope	Broader, encompassing processes, systems and organisational changes	Narrower, concentrating on data sets and statistical analysis.
Activities	–Requirements gathering –Process improvement –Solution assessment –Stakeholder engagement –Change management	–Data collection –Cleaning –Analysis –Visualization –Interpretation
Outcome	–Improved business processes –Better alignment with business goals –Effective implementation of solutions	–Data-driven insights, trends, and patterns that inform business decisions.

Business analysis is about understanding and improving business processes and systems

Data analysis is about extracting insights from data to support those improvements. Data analysis can form part of business analysis.

Business Analysis Approach

Business Analysis Approach: Project Delivery

Business Analyst focus