BA Chapter 6: Strategy Analysis

Strategy defines the most effective way to apply the capabilities of an enterprise in order to reach a desired set of goals and objectives. Strategies may exist for the entire enterprise, for a division, department or region, and for a product, project, or iteration. 

 Strategy analysis focuses on defining the changes needed to address the business needs. It covers the strategic thinking in business analysis , as well as the discovery of possible solutions that will enable the enterprise to create greater value for stakeholders, and capture more value for itself.
A strategy may be captured in a strategic plan, product vision, business case, product roadmap, or other artifacts.

The Strategy Analysis knowledge area includes the following tasks:
• Analyze Current State: understands the business need and how it relates to the way the enterprise functions today. Sets a baseline and context for change.

• Define Future State: defines goals and objectives that will demonstrate that the business need has been satisfied and defines what parts of the enterprise need to change in order to meet those goals and objectives.

• Assess Risks: understands the uncertainties around the change, considers the effect those uncertainties may have on the ability to deliver value through a change, and recommends actions to address risks where appropriate.

• Define Change Strategy: performs a gap analysis between current and future state, assesses options for achieving the future state, and recommends the highest value approach for reaching the future state including any transition states that may be required along the way. 

Comments

  1. Amanjot kaur chahalOctober 9, 2019 at 4:24 PM

    Once a project has been mandated and the project initiation document is drafted, a business analyst can start to work on requirements gathering. in my experience the best way to tackle this task is to start from current state analysis. it helps understand the business need, primary pain points, business processes affected, the stakeholders involved in these processes, and so on.

    The main purpose of the analysis is to present the "AS IS" state: the existing business context, background, business functions and existing business processes, and finally stakeholders involved in these business processes. A current state Analysis document lists the key pain point within the identified business processes and tasks within them, and highlights the areas where a change is expected.

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  2. Dalsher Singh VirkOctober 11, 2019 at 1:18 PM

    The purpose of Define Future State is to determine the set of necessary conditions to meet the business need. It gives a clear description of the outcomes that will satisfy the business needs, detail the scope of the solution space and allows for consensus to be achieved among the key stakeholders.
    Goals are analyzed and converted into more descriptive, specific objectives. In short, they are made SMART: Specific, Measurable, Achievable, Relevant and time-bound.
    After having a detailed Current State Description, an Organizational Strategy is built to reach the goals with constant monitoring of the process using the Key Performance Indicators.

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  3. Yogesh JaglanOctober 11, 2019 at 6:29 PM

    Scope Of Solution Space
    Decisions must be made about the range of solutions so as to be taken into consideration to
    meet the commercial enterprise desires and objectives. The scope of the solution area defines
    which types of options could be considered whilst investigating viable solutions,
    including adjustments to the organizational shape or culture, capabilities and
    techniques, technology and infrastructure, rules, products, or offerings, or even
    growing or converting relationships with corporations currently outdoor the scope
    of the prolonged agency. Solutions in each of these areas normally require
    precise know-how from both the enterprise analysis and the transport crew. The
    analysis for this might take place on extraordinary stages in the agency, and the scope
    of the answer area isn't always necessarily associated with the size of the trade. Even a
    small alternate may require searching at the organisation-level commercial enterprise objectives to
    make sure alignment.
    If a couple of destiny states can meet the enterprise needs, goals and goals, it'll
    be important to determine which ones could be taken into consideration. This choice is generally
    primarily based on the cost to be brought to stakeholders and requires an expertise
    of possible exchange techniques. The important issues for the choice are
    depending on the general goals of the business enterprise, but will contain an
    expertise of the quantitative and qualitative value of every choice, the time
    needed to achieve each destiny country, and the possibility price to the organization.

    ReplyDelete

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