Underlying Competencies: To become a successful BA, one must have the qualities given below: Ø Analytical Thinking and Problem Solving: Analytical thinking is just the quick and effective problem-solving approach. It breaks down complex problems into single and manageable components by gathering appropriate information and analysing the key issues. Once you analyse the issues, you then work by comparing the information that you have gathered from various sources and find the best solution for the problem. DECISION MAKING: It is the ability to take decisions and facilitate them in the organisation. Business Analyst provides the accurate information, tools and techniques to the stakeholders so that they can take proper decisions. Ø Behavioral Characteristics: It consists of moral values, integrity, following policies of the organisation, ethics and respect towards collogues. It includes about our work ethics and how a person works at the workplace...
Examples
ReplyDeleteLet us consider 2 different projects that are done by a PO under a contract from an external CO.
A project done for profit – The Client agrees to pay $100K for a fixed price project. The Sponsor from the PO decides to do the project for $80K and rest will be deemed as profit.
A project done for a social cause – A Donor Agency (Client) initiates a disaster management project. It contracts an independent non-profit organization (PO) to meet project’s objectives. The Sponsor from the Donor Agency will take decisions about the project budget and disburse the funds as needed to manage the costs.