The PMI-PBA addresses the domain of business analysis within the context of projects and programs, which is the primary, and often the only context in which PMs do business analysis.
Business analysis planning process helps the business analyst set expectations by encouraging discussion and agreement on how the business analysis work will be undertaken and avoids confusion regarding roles and responsibilities during execution.
The Importance of Business Analysis in Project Management
Business analysis in project management aims at understanding the needs of the business stakeholders and at defining the characteristics of the solution to meeting those needs. In organizations, the integration of these two disciplines can achieve excellent project performance.
SWOT analysis is a widely used tool by business analysts to help understand high-level views surrounding a business need. SWOT analysis can be used to create a structured framework for breaking down a situation into its root causes or contributors
Business analysis has been performed for decades, and despite its long-term existence, the role of the business analyst is still considered fairly new. While the number of business analysts employed is on the increase as the role continues to mature and evolve globally, the role of the business analyst is often misunderstood within organizations.
The 5 Whys problem solving technique is used for conducting root cause analysis suggesting anyone trying to understand a problem needs to ask why it is occurring up to five times to thoroughly understand its causes.
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