Goals of Business Analysis

Goals of Business Analysis

Goals of Business Analysis

There are so many goals for any business analysis, but here we deal with few important.

ultimately, companies want the analysis to achieve the following results:

* Reduction of waste

* Create solutions

* Complete projects on time

Improved efficiency

* Document the right requirements

One way to determine this goal of business analysis is to measure the return on investment (ROI) for all projects. Keeping score is part of human nature to always compare ourselves or our performance with others, no matter what we do. According to Forrester Research, over $ 100000000000 spent annually in the U.S. on custom developed software and internal projects. For all software development projects, keeping score is important, and business leaders are constantly asking for the return or profitability of the project or at the end of the active project. However, seeking the return, leaving sockets, when the value created or destroyed is putting the cart before the horse. waste reduction and complete projects on time

Project delays are costly in three different sizes:

* The cost of the project - for every month of delay, the project team continues to rack up costs and fees. When a large part of the development team has been outsourced, the cost starts to add up quickly and is very visible if agreed upon time and materials basis (T & M). Fixed price contracts with outside agencies reduce this risk. For internal resources, the cost of delays is not so clear, but the resources are time tracked against the project, such as labor costs essentially "fixed" costs.

* The opportunity cost - Opportunity costs come in two flavors - unrealized loss of income and reduce capital costs. Some projects made specifically for driving a new or further down the line. For each month of delay, the company spends month's forefront of this new revenue stream. The purpose other projects to increase efficiency and reduce costs. Behind every month of delay of failure of these cost reductions for another month. The vast majority of cases, these features have never caught or identified, resulting in misleading calculations of ROI. Two opportunity costs, lost income is the most terrible - and the effects are greater and longer lasting.

Note: In many programs (mostly older) is a project by ensuring that projects are completed on time. Employment BA is to ensure that if a project is not completed in time so that at least these requirements are met.

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