How to analyze a business? Start with the following business analysis framework. First it is important to understand business context through understanding the current situation, then consider other perspectives, analyze needs through gap analysis and other tools, evaluate options and define requirements. Finally proceed with the changes once the situation is well analyzed.
This article is a mere introduction to the theme. Definition: Business analysis framework is a real and/or conceptual structure which includes the usage of an assembly of knowledge, practical techniques and established concepts, in view of quickly discovering, critically analyzing and accurately getting the business requirements.
This framework defines the people, processes and platforms that need to be integrated and aligned to take a more strategic approach to business intelligence (BI), analytics and performance management (PM) initiatives.
For this, it is necessary to use a welldefined business analysis framework. It will ensure that the client”s needs and requirements can be conveyed and understood to the same extent by all the parties involved, so that, in the end, the client is completely satisfied by the delivered solution.