Strategic Analysis

Strategic Analysis:

Strategic analysis is a tool that businesses use to map out their current positions currently, and short, medium and long-haul prospects before they develop strategic plans for future direction and growth.
Definitions of strategic analysis often differ, but the following attributes are commonly associated with it.

  • Identification and evaluation of data relevant to strategy formulation.
  • Definition of the external and internal environment to be analysed.
  • A range of analytical methods that can be employed in the analysis.

The business analyst's primary objective is helping businesses implement technology solutions in a cost-effective way by determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners.

Analyze Current state:

The main purpose of the analysis is to present the “AS IS” state: the existing business context, background, business functions and existing business processes, and finally stakeholders involved in these business processes. Depending on the project nature, some components of the underlying infrastructure can be included in the document as well.

Future state:

A “to be” business process defines the future state of a business process in an organization. Typically the analysis goal in putting together the future state process is to clarify how the business process will work, at some point in the future, once changes are made. Those changes could be technology changes or business process changes.

Here are some scenarios when working towards a “to be” or future state business process documentation is appropriate:
  • You are working on a project that impacts the business process.
  • You are working with a team of stakeholders or subject matter experts to improve a business process.
  • During the roll out of a new technology change, interim business processes are needed to handle special case scenarios, such as active work items received before the change.
  • Your technology team has just introduced a new piece of software and the business users don’t know how to use it.
  • Your organization is deploying a new product or service and requires one or more new business processes to sell, deliver, and/or implement the service.

Assess Risks:

Risk assessment is done to determine if the proposed project carries more risk than the organization is willing to bear.It helps in adjusting the cost and profit projections on the basis of the risks identified at any point. No project comes without risk and it’s totally unrealistic to think otherwise. The analysis activities to prepare the business case are incomplete until an initial risk assessment is performed. Project risk is defined as an uncertain event or condition which has impact at least on time, cost, scope or quality. Risk analysis includes the following processes:
  • Risk Identification
  • Risk Assessment
  • Risk Response Planning
  • Organizational Readiness Assessment
  • Risk Avoidance
  • Risk Rating

Change Strategy:

A Business Analysts is often involved in projects or initiatives that cause a great deal of change within an organization. In some cases they are put on the front lines of the change, whether it is gathering requirements from skeptical stakeholders to supporting the review of a solution that was put in place too quickly and is now meeting strong resistance. In order to get their jobs done effectively in such situations, they need to understand how change is perceived by individuals and know how to help guide people through change within the context of our role.





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