Business Management Studies

Hi,
Process of business analytics step by step.
Step 1) - Gather all information about the project
It is business analysts responsibility to gather all the details related to the project. By asking questions to people connected with the project (project manager, project sponsor, manager or business owner). Step 2) Set up a review meeting with Project manager/ Stakeholder/ Team members
An unclear agenda may lead to a failure of the project. Be specific in what is expected out of the project. Involve Project manager/ Stakeholder/ Team members in meeting and ask questions related to project
It is very likely that you might be working on completely new project, in that case, ask project manager or contact person who has worked in that domain before. Step 3) Analyze all the project relevant documents like
Business process documentation
Business and system requirements documents
Business cases
Charts and flow diagrams
Project plans
organisation chart
Strategy documents and business plans
Policies and legislation
Step 4) Record all the facts and information that you discover
From your research and analysis, you may discover many useful information relevant to the project that has to be changed or implemented in the project. Record them. Step 5) Understanding the problem domain
By now, you will have a good insight of the project, now you can identify the problem domain in the project. You need to find out:
Exactly which business function will be affected
Risks and factors affecting the business
Policies and constraints that influence the project
Values that determines the level of importance of the project
System currently supports the business activities
Document giving brief about the problem domain- e. g. , Annual Report
Issues currently blocking the business to achieve the desired outcomes
On proposed change does it make any difference to problem domain.Step 6) Presenting your Business Requirement
Once you have gather all your business requirement and understand the problem domain. The next step is presenting your Business Requirement to Stakeholders or Project Manager. There are numerous techniques which can be used for presenting requirements like:
A table or spreadsheet
A diagram or graph
A prototype or simulation
A structured text template or structured sentence.

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