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.
There are 110 individual business analysis tools and techniques in the PMI Guide to Business Analysis. Some are used once in the project, and some appear many times across multiple business analysis processes within the project.
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
PESTLE analysis is an external environmental analytical approach to investigate external business factors. These factors are, in general, out of control to the businesses. And, the analysis of these business factors results either in threats or opportunities to the organization.
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