{"id":66687,"date":"2018-07-16T11:51:51","date_gmt":"2018-07-16T11:51:51","guid":{"rendered":"https:\/\/www.whizlabs.com\/blog\/?p=66687"},"modified":"2023-11-30T21:15:39","modified_gmt":"2023-12-01T02:45:39","slug":"best-business-analysis-techniques","status":"publish","type":"post","link":"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/","title":{"rendered":"10 Most Popular Business Analysis Techniques"},"content":{"rendered":"<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Business analysis has taken a paradigm shift in the last few years with the innovative approaches of best business analysis techniques. The sole purpose of these techniques is to get the best outcome as a business solution.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Moreover, it is not that the best business analysis techniques are used throughout the project. It could be applicable for a specific phase of a project like at the beginning of the project or when the project is over. In addition to that, not that all the best business analysis techniques are applicable for all projects. They are project specific and used for particular purposes.<\/span><\/p>\n<blockquote><p><strong>Also Read:\u00a0<\/strong><a href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-tools\/\" target=\"_blank\" rel=\"noopener\">List of 10 Best Business Analysis Tools<\/a><\/p><\/blockquote>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ea7e02;color:#ea7e02\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ea7e02;color:#ea7e02\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#List_of_Best_Business_Analysis_Techniques\" >List of Best Business Analysis Techniques<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#1_SWOT_Analysis\" >1. SWOT Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#2_MOST_Analysis\" >2. MOST Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#_3_Business_Process_Modelling_BPM\" >\u00a03. Business Process Modelling (BPM)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#4_Use_Case_Modelling\" >4. Use Case Modelling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#5_Brainstorming\" >5. Brainstorming<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#6_Non-functional_Requirement_Analysis\" >6. Non-functional Requirement Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#7_PESTLE_Analysis\" >7. PESTLE Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#8_Requirement_Analysis\" >8. Requirement Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#9_User_Stories\" >9. User Stories<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-techniques\/#10_CATWOE\" >10. CATWOE<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"List_of_Best_Business_Analysis_Techniques\"><\/span><span style=\"color: #222222; font-family: 'Open Sans', arial, sans-serif; font-size: 27px; letter-spacing: -0.02em;\">List of Best Business Analysis Techniques<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">However, as a business analyst or a professional who wants to pursue a business analyst career, it is required to know about some of those best business analysis techniques. Hence, in this blog, we will discuss 10 most popular business analysis techniques that are widely used in the industries.<\/span><\/p>\n<h3 class=\"p1\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"1_SWOT_Analysis\"><\/span>1. SWOT Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">The term SWOT stands for its four elements\u2013<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">S- Strength<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">W- Weakness<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">O- Opportunities<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">T- Threats<\/span><\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">It is a thorough analysis conducted by a business analysis considering <\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">The internal factors as Strength and Weakness<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">The external factors as Threats and Opportunities<\/span><\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">SWOT analysis is a four-quadrant analysis for a business analyst where he places the data as the answers for each quadrant. A business analyst answers the questions under each of the quadrants.<\/span><\/p>\n<p style=\"text-align: justify;\">\u00a0\u00a0\u00a0\u00a0<img decoding=\"async\" class=\"aligncenter wp-image-66692 size-full\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/sites\/2\/2018\/06\/swot.jpg\" alt=\"SWOT Analysis\" width=\"663\" height=\"564\" srcset=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/swot.jpg 663w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/swot-300x255.jpg 300w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/swot-494x420.jpg 494w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/swot-640x544.jpg 640w\" sizes=\"(max-width: 663px) 100vw, 663px\" \/><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">SWOT analysis is one of the most popular business analysis techniques followed in the industry. Furthermore, it is easy. It is an enterprise level analysis technique and not only limited to business analysis. It could be used at any stage of the project if the unit needs it and most of the people know it. Hence, it is widely used in the industry.<\/span><\/p>\n<h3 class=\"p1\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"2_MOST_Analysis\"><\/span>2. MOST Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">The term MOST stands for its four elements \u2013<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">M-Mission<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">O-Objective<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">S-Strategy<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">T-Tactics<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter wp-image-66690 size-full\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/sites\/2\/2018\/06\/MOST.jpg\" alt=\"MOST Analysis\" width=\"642\" height=\"428\" srcset=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/MOST.jpg 642w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/MOST-300x200.jpg 300w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/MOST-630x420.jpg 630w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/MOST-640x427.jpg 640w\" sizes=\"(max-width: 642px) 100vw, 642px\" \/><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">MOST analysis is a powerful business analysis framework and among the best business analysis techniques using which the business analysts analyze what an organization does and plans to achieve the goal and what it should do to maintain strategic alignment. Hence, MOST analysis is a clear way to understand an organization on its ability and purpose.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Now, let\u2019s explain each of the factors with their purposes.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><strong><i>Mission<\/i>:<\/strong> This is the most critical factor for an organization which defines its purpose and the goals it wants to achieve in the future. If the mission is specific, then it is easier to analyze and measure the remaining factors.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><strong><i>Objectives<\/i>: <\/strong>We can consider objectives as a collection of goals which as an accumulated result in the mission of the organization. Moreover, Objectives must be S.M.A.R.T \u2013<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">S- Specific<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">M-Measurable<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">A-Achievable<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">R-Realistic<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">T-Timely <\/span><\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><strong><i>Strategy<\/i>:<\/strong> This is the steps or actions that an organization takes to achieve the objectives and finally to accomplish the mission. A strategy is a group of tactics.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><strong><i>Tactics<\/i>:<\/strong> These are the discrete and straightforward methods which an organization follows to carry out the strategies. <\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">MOST analysis is a structured business analysis technique followed by every working level in an organization from the top to down. The process ensures that an organization retains focus on the mission which is the critical factor for the success of an organization.<\/span><\/p>\n<blockquote><p><strong>Also Read<\/strong>: <a href=\"https:\/\/www.whizlabs.com\/blog\/best-business-analysis-certifications\/\" target=\"_blank\" rel=\"noopener\">Top 5 Business Analysis Certifications<\/a><\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"_3_Business_Process_Modelling_BPM\"><\/span>\u00a03. Business Process Modelling (BPM)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Business Process Modelling is all about process improvement. It is a legacy process, however, often used as a business analysis technique during the analysis phase of a project to understand or analyze the gaps between existing business process and future business process that business is opting for. <\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">As per the International Institute of Business Analysis (IIBA), business analysts perform the below tasks in a BPM project :<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li5\"><span class=\"s1\">Strategic planning<\/span><\/li>\n<li class=\"li5\"><span class=\"s1\">Business Model Analysis<\/span><\/li>\n<li class=\"li5\"><span class=\"s1\">Defining process and design it<\/span><\/li>\n<li class=\"li5\"><span class=\"s1\">Technical Analysis for complex business solutions<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter wp-image-66688 size-full\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/sites\/2\/2018\/06\/BPM.jpg\" alt=\"Business Process Modelling\" width=\"643\" height=\"382\" srcset=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/BPM.jpg 643w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/BPM-300x178.jpg 300w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/BPM-640x380.jpg 640w\" sizes=\"(max-width: 643px) 100vw, 643px\" \/><\/p>\n<p class=\"p5\" style=\"text-align: justify;\"><span class=\"s1\">Usually, BPM is represented in a diagrammatic way where process, decisions, and information are represented as a sequential workflow. There are two types notations used for BPM diagrams \u2013<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li5\"><span class=\"s1\">BPMN &#8211; Business Process Modeling Notation<\/span><\/li>\n<li class=\"li5\"><span class=\"s1\">UML \u2013 Unified Modelling Language Activity Diagram<\/span><\/li>\n<\/ul>\n<p class=\"p5\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p5\" style=\"text-align: justify;\"><span class=\"s1\">BPM technique is an easy way to logically represent how a business process will operate by different roles. Moreover, it is one of the best business analysis techniques recognized in the industry, especially in IT industry. Hence, people can easily visualize the sequential steps of the execution process. This, in turn, helps to make complex business analysis more straightforward to perform for a business analyst.<\/span><\/p>\n<blockquote><p>Preparing for ECBA certification exam? Here is the comprehensive <a href=\"https:\/\/www.whizlabs.com\/blog\/ecba-certification-preparation\/\" target=\"_blank\" rel=\"noopener\">preparation guide for ecba certification exam.\u00a0<\/a><\/p><\/blockquote>\n<h3 class=\"p5\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"4_Use_Case_Modelling\"><\/span>4. Use Case Modelling<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Use case modelling is the technique to pictorially illustrate how the business functions should work in a proposed system through user interactions.<\/span> <span class=\"s1\">This is mainly used in software development project and in the design phase to transform business requirements into functional specifications within an existing development project<\/span><span class=\"s4\">. <\/span><span class=\"s1\">There are different tools used to draw UML diagrams such as Microsoft Visio, IBM&#8217;s Rational Rose, etc.<\/span><\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter wp-image-66693 size-full\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/sites\/2\/2018\/06\/UML.jpg\" alt=\"Use Case Modelling\" width=\"755\" height=\"531\" srcset=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/UML.jpg 755w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/UML-300x211.jpg 300w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/UML-597x420.jpg 597w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/UML-640x450.jpg 640w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/UML-681x479.jpg 681w\" sizes=\"(max-width: 755px) 100vw, 755px\" \/><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">The primary components of use case modelling in a UML diagram are \u2013<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">System \u2013 The outline of the diagram is represented as the system. In the above diagram, the rectangular box is depicted as the Timesheet management system.<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Use case \u2013 In a UML diagram UML case is represented by an oval shape, and an individual use case represents a single functionality. In the above example Create tome sheet entry, Validate time sheet, Save draft, etc. are separate functionalities that are executed as part of Timesheet management process. As per the convention, every action in the use case is represented using an active verb <\/span><\/li>\n<\/ul>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Actors \u2013 The human-like shape in the diagram represents the user who is associated with the use case or functionality. They are not part of the process. Hence, we represent them outside the rectangular box.<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Association- An actor\u2019s interaction with the system via use cases is known as an association. In the above diagram, we can see the Employee and Manager both the actors are interacting with the system through different use cases. <\/span><\/li>\n<\/ul>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Stereotypes- The relationships between the use cases are known as Stereotypes. There are two types of Stereotypes &#8211;<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\">&lt;&lt;uses&gt;&gt;<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">&lt;&lt;extends&gt;&gt;<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">The UML Use Case Diagram is a very useful Business Analysis technique to clarify and demonstrate the scope of functionality. A Business Analyst must emphasize much more on the key functional areas. Hence, proper actor interactions using the UML Use Case Diagram help in this process. A UML diagram helps to get the original functional requirements with the business which is more important from the Business Analysts point of view.<\/span><\/p>\n<h3 class=\"p1\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"5_Brainstorming\"><\/span>5. Brainstorming<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p5\" style=\"text-align: justify;\"><span class=\"s1\">This is a group activity and one of the most popular business analysis techniques among the business analysts. This is a very creative technique where a group activity is performed to generate ideas, root cause analysis and proposing solutions for the problems. Not to mention Brainstorming works as an underlying technology for other business analysis techniques including SWOT analysis, PESTLE analysis, etc.<\/span><\/p>\n<h3 class=\"p5\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"6_Non-functional_Requirement_Analysis\"><\/span>6. Non-functional Requirement Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">This business analysis technique is used when a technology solution is changed. For example migration from one technology to another which enforces builds from scratch. In this type of analysis technique, a business analyst mainly focuses on system performance and data storage requirements to measure the performance factors of the proposed system for live data. Non-functional requirement analysis is performed during the Analysis phase of a project and implemented during the Design phase.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Non-functionality requirements can be of various types for example:<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Performance<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Security<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Logging<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Reliability<\/span><\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">This is the easiest and one of the best business analysis techniques. Moreover; it has importance as without this analysis obtaining an intended result is relatively impossible.<\/span><\/p>\n<h3 class=\"p1\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"7_PESTLE_Analysis\"><\/span>7. PESTLE Analysis<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">There are always environmental factors which influence business in its strategic planning. These key factors are commonly known as PESTLE which stands for \u2013<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">P- Political<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">E \u2013 Economic<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">S \u2013 Social<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">T \u2013 Technological<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">L- Legal<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">E \u2013 Environmental<\/span><\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Each of the factors mentioned above has influences in making a business decision final. Hence, analyzing such key drivers is an important task of a business analyst. <\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><img decoding=\"async\" class=\"aligncenter wp-image-66691 size-full\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/sites\/2\/2018\/06\/PESTLE.jpg\" alt=\"PESTLE\" width=\"648\" height=\"587\" srcset=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/PESTLE.jpg 648w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/PESTLE-300x272.jpg 300w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/PESTLE-464x420.jpg 464w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/PESTLE-640x580.jpg 640w\" sizes=\"(max-width: 648px) 100vw, 648px\" \/><\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">In the above picture, we have highlighted some of the key factors which drive the PESTLE parameters. Hence, the task of a business analyst is to apply PESTLE analysis technique to understand and identify the factors within the environment of the organization operates and analyze how those PESTLE factors will influence the future performance of the organization.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">PESTLE is a simple and easy framework for business analysis which involves cross-functional skills of a business analyst along with his expertise. With an effective PESTLE analysis, we can reduce the potential threats of an organization. Moreover, it opens up the scopes to exploit the opportunities for entering into new markets globally.<\/span><span class=\"s4\"><br \/>\n<\/span><\/p>\n<blockquote><p>To have a bright business analysis career, it is important to choose the right certification. Check out the ultimate guide to <a href=\"https:\/\/www.whizlabs.com\/blog\/business-analyst-certifications\/\" target=\"_blank\" rel=\"noopener\">Business Analysis Certifications<\/a> here.<\/p><\/blockquote>\n<h3 class=\"p3\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"8_Requirement_Analysis\"><\/span>8. <span class=\"s1\">Requirement Analysis<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Requirement analysis is a part of the project lifecycle, and it usually starts at the stage when business stakeholders propose a solution. As part of requirement analysis technique, a business analyst needs to conduct interviews to understand the intention of requirements which include &#8211;<\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Questions <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Captures<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Interprets <\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Workshops<\/span><\/li>\n<\/ul>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Though requirement analysis is an informal business analysis technique almost in every project, it turns out important. Without a proper requirement analysis, a project cannot perform the right design and development. Hence, it could be considered as the most important phase of a project. Moreover, it elicits direct stakeholders involved in the project which becomes useful in a later point in time.<\/span><\/p>\n<h3 class=\"p1\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"9_User_Stories\"><\/span>9. User Stories<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">This is a modern business analysis technique mostly used in the Agile model where there is a need for iterations for requirement gathering, designing and building a project. In this technique, requirements are collected from end users point of views to build the best solution.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">As the requirements are analyzed from the users perspective, hence, the outcome of such an analysis is very much user-focused and highly effective.<\/span><\/p>\n<h3 class=\"p1\" style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"10_CATWOE\"><\/span>10. CATWOE<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">CATWOE is a generic thinking way for business analysis to understand what a business is trying to achieve. It identifies what the problem areas are and how the solution will impact the business and its associated people. <\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">CATWOE is an acronym for <\/span><\/p>\n<ul class=\"ul1\" style=\"text-align: justify;\">\n<li class=\"li1\"><span class=\"s1\">Clients<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Actors<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Transformation<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Weltanschauung or World View<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Owner<\/span><\/li>\n<li class=\"li1\"><span class=\"s1\">Environmental Constraints<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"aligncenter wp-image-66689 size-full\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/sites\/2\/2018\/06\/CATWOE.jpg\" alt=\"CATWOE\" width=\"815\" height=\"603\" srcset=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE.jpg 815w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-300x222.jpg 300w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-768x568.jpg 768w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-568x420.jpg 568w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-80x60.jpg 80w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-100x75.jpg 100w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-640x474.jpg 640w, https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/06\/CATWOE-681x504.jpg 681w\" sizes=\"(max-width: 815px) 100vw, 815px\" \/><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\"><b><i>Advantage<\/i><\/b>:<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">The CATWOE analysis brings up the different stakeholders\u2019 perceptions on a common platform. Hence, it provides a holistic understanding regarding assumption, the integrity of the data, ethical angle. It helps a business analyst to prioritize different perspectives depending on its merits.<\/span><\/p>\n<blockquote><p><strong>Try Now:\u00a0<\/strong><\/p>\n<p><a href=\"https:\/\/www.whizlabs.com\/ecba-certification\/free-test\/\" target=\"_blank\" rel=\"noopener\">ECBA Free Test<\/a><\/p>\n<p><a href=\"https:\/\/www.whizlabs.com\/ccba-certification\/free-test\/\" target=\"_blank\" rel=\"noopener\">CCBA Free Test<\/a><\/p>\n<p><a href=\"https:\/\/www.whizlabs.com\/cbap-certification\/free-test\/\" target=\"_blank\" rel=\"noopener\">CBAP Free Test<\/a><\/p>\n<p><a href=\"https:\/\/www.whizlabs.com\/pmi-pba\/free-test\/\" target=\"_blank\" rel=\"noopener\">PMI-PBA Free Test<\/a><\/p><\/blockquote>\n<h4 class=\"p1\" style=\"text-align: justify;\"><span class=\"s7\">Conclusion<\/span><\/h4>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">To conclude, all the techniques mentioned above are useful and must be known to a business analyst who wants to practice best business analysis techniques. Moreover, these techniques are emphasized explicitly in any industry recognized business analysis certification like <a href=\"https:\/\/www.whizlabs.com\/ccba-certification\/\" target=\"_blank\" rel=\"noopener\"><span class=\"s9\">CCBA<\/span><\/a>, <a href=\"https:\/\/www.whizlabs.com\/ecba-certification\/\" target=\"_blank\" rel=\"noopener\"><span class=\"s9\">ECBA<\/span><\/a>, <a href=\"https:\/\/www.whizlabs.com\/cbap-certification\/\" target=\"_blank\" rel=\"noopener\">CBAP<\/a>, and\u00a0<a href=\"https:\/\/www.whizlabs.com\/pmi-pba\/\" target=\"_blank\" rel=\"noopener\"><span class=\"s9\">PMI-PBA<\/span><\/a>.<\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">At Whizlabs we provide the training solutions for the certifications mentioned above, we thoroughly guide the test takers on these best business analysis techniques with examples and case studies. These guides help to assess and solve the business problems asked in the exams using the techniques mentioned above. <\/span><\/p>\n<p class=\"p1\" style=\"text-align: justify;\"><span class=\"s1\">Hence, join our course and learn more on the best business analysis techniques with real-time scenarios.<\/span><\/p>\n<p><em>Want to know more about business analysis techniques? Just put your query in the comment box and we&#8217;ll be happy to help you.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business analysis has taken a paradigm shift in the last few years with the innovative approaches of best business analysis techniques. The sole purpose of these techniques is to get the best outcome as a business solution. Moreover, it is not that the best business analysis techniques are used throughout the project. It could be applicable for a specific phase of a project like at the beginning of the project or when the project is over. In addition to that, not that all the best business analysis techniques are applicable for all projects. They are project specific and used for [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":66852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[526,1102],"class_list":["post-66687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-analysis","tag-business-analysis-techniques","tag-most-popular-business-analysis-techniques"],"uagb_featured_image_src":{"full":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",600,315,false],"thumbnail":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques-150x150.png",150,150,true],"medium":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques-300x158.png",300,158,true],"medium_large":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",600,315,false],"large":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",600,315,false],"1536x1536":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",600,315,false],"2048x2048":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",600,315,false],"profile_24":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",24,13,false],"profile_48":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",48,25,false],"profile_96":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",96,50,false],"profile_150":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",150,79,false],"profile_300":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",300,158,false],"tptn_thumbnail":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques-250x250.png",250,250,true],"web-stories-poster-portrait":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",600,315,false],"web-stories-publisher-logo":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",96,50,false],"web-stories-thumbnail":["https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2018\/07\/best-business-analysis-techniques.png",150,79,false]},"uagb_author_info":{"display_name":"Dharmalingam N","author_link":"https:\/\/www.whizlabs.com\/blog\/author\/dharmalingam\/"},"uagb_comment_info":118,"uagb_excerpt":"Business analysis has taken a paradigm shift in the last few years with the innovative approaches of best business analysis techniques. The sole purpose of these techniques is to get the best outcome as a business solution. Moreover, it is not that the best business analysis techniques are used throughout the project. It could be&hellip;","_links":{"self":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/66687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/comments?post=66687"}],"version-history":[{"count":9,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/66687\/revisions"}],"predecessor-version":[{"id":92348,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/66687\/revisions\/92348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/media\/66852"}],"wp:attachment":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/media?parent=66687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/categories?post=66687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/tags?post=66687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}