Answer the Key Concept of Business Flashcards

Is a conceptual framework for business analysis, which encompasses what business analysis is and what it means to those performing business analysis tasks regardless of perspective, industry, methodology, or level in the organization

The act of transformation in response to a need.

A problem or opportunity to be addressed

A specific way of satisfying one or more needs in a context

A group or individual with a relationship to the change, the need, or the solution

The worth, importance, or usefulness of something to a stakeholder within a context

The circumstances that influence, are influenced by, and provide understanding of the change

Refers to the broad and diverse sets of information that business analyst analyze, transform, and report. It is information of any kind - at any level of details - that is used as an input to, or is an output of, business analysis work

It is a usable representation of a solution. It focuses on understanding how value might be realized by a solution if it is built.

It is a system of one or more organizations and the solutions they use to pursue a shared set of common goals. These solutions (capabilities) can be processes, tools or information.

An autonomous group of people under the management of single individual or board, that works towards common goals and objectives. They often have a clearly defined boundary and operate on a continuous basis, as opposed to an initiative or project team, which may be disbanded once its objectives are achieved.

Is a proposal for doing or achieving something. They describe a set of events, the dependencies among the events, the expected sequence, the schedule, the results or outcomes, the materials and resources needed, and the stakeholders involved.

Is a usable representation of a need. It focuses on understanding what kind of value could be delivered. The nature of the representation may be a document (or set of documents), but can vary widely depending on the curcumstances

Is the effect of uncertainty on the value of a change, a solution, or the enterprise.

Statements of goals, objectives, and outcomesthat describe why a change has been initiated. They can apply to the whole of an enterprise, a business area, or a specific initiative.