BUSINESS ANALYSIS: A BASIC PROJECT LIFE CYCLE
By Kupe Kupersmith, Paul Mulvey, Kate McGoey Part of Business Analysis For Dummies Cheat Sheet Business analysis projects all follow the same basic life cycle. A project is a set of steps that accomplish something, so describing business analysis activities as part of a project life cycle makes sense. Although each project you undertake is different, and you must always remain fluid and flexible to some degree, business analysis tasks follow a general order: Plan the project Create a work plan and at least think through an approach for the analysis effort. Scope the project Define and document the project boundaries and analyze the business problem without deciding on a solution. This job includes clearly identifying the opportunity or problem the company needs to address. Elicit, analyze, and communicate requirements This task is the lion’s share of what business analysis professionals do at the project level. Understand the real business needs and find the root cause of bu...