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The Business Analysis Core Concept Model

Author: Gautham Kumar
by Gautham Kumar
Posted: Apr 28, 2019

The Business Analysis Core Concept Model

The Business Analysis Core Concept Model is a conceptual framework for business analysis. It surrounds what business analysis is and what it means to those perform better business analysis tasks regardless of industry, method, or level in the company. It is mainly created of six terms that have a common meaning to all business analysts. This also helps business analysts to discuss both business analysis and its relationships with common terminology. Each of the above terms is considered to be a core concept. The six core concepts in the Business Analysis Core Concept Model are as follows: Need, change, Solution, Stakeholder, Value, and Context. Each of the core concepts is an idea fundamental to the practice of business analysis. All the concepts are necessary. All the 6 components have equal importance and can be understood. These concepts are influential to understand the type of information obtained, analyzed, or managed in business analysis tasks.

The Business analysis core model can be used to describe the profession and domain of business analysis, this business analysis communicates about with common terminology. We can also develop best relationships of key concepts in business analysis, and perform better business analysis by holistically evaluating the relationships among these six concepts. They are discussed little more in detail. You can also learn more in business analyst course

Change

Change works to improve the performance of an organization. These improvements are conscious and controlled through business analysis activities.

Need

Need effect changes by motivating stakeholders to act. Changes can also cause needs by removing or enhancing the value delivered by all the existing solutions.

Solution

A solution is an identified way of satisfying ones needs in a context. A solution satisfies a need by solving a problem faced by stakeholders or enables stakeholders to take advantage of an opportunity

Stakeholder

Stakeholders are a group or individual with a relationship to the change, the need, or the solution. Stakeholders are frequently defined in terms of interest in, impact on, and influence over the change. All the Stakeholders are grouped based on their connection to the needs, changes, and solutions.

Value

The value defines the worth, importance, or usefulness of something to a stakeholder within a context. Value can be seen as potential or noticed returns, gains, and improvements. There may be a reason to have a decrease in value in the form of losses, risks, and costs. Value can be tangible or intangible. Tangible value can be directly measurable. Tangible value often has a significant capital component. Intangible value is measured indirectly. It has a significant motivational component, such as a company's reputation or employee morale.

The situations that influences are influenced by and provide an understanding of the change. Changes occur within a context. The context is everything applicable to the change that is within the environment. Context includes the following elements like attitude, competitors, culture, goals, products, government, project, sales, Seasons, technology, etc. All these model analys a core concept of the business analysis model. You can learn more in a ba training. you can also get an ba certification

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Author: Gautham Kumar

Gautham Kumar

Member since: Mar 12, 2019
Published articles: 19

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