There are a number of reasons why you should hire a Business analyst for your organisation. They will help you define the scope of a project and provide a comprehensive overview across the organisation. They will also educate your operational team and organisation stakeholders to help them do their best. In addition, they will help you form strategies and plans for your organisation.
Business analysts help define the scope of a project
Business analysts help define the scope of a new project, ensuring the final result meets the original business objectives. They do this by conducting preliminary research, determining the stakeholders, and understanding existing processes and systems. They can also use visual analysis techniques to facilitate discussions. In a paper published at the PMI(r) Global Congress 2014--North America, Carkenord et al. found that most scopes creep because of inconsistent understanding among stakeholders and insufficient analysis during the product scope development process. They also help integrate conflicting expectations and understand the business need for a solution.
A business analyst's most important task is ensuring that the project's scope is not overly ambitious. The scope of a project should not exceed the business need, otherwise known as "scope creep." The scope of a solution should not grow beyond the original plan, as this will only result in further costs and delays.
They provide a comprehensive overview across an organisation
Business Analysts are responsible for analysing business processes, objectives, and resources and developing recommendations for re-design and improvements. They use a combination of soft and hard skills, including business and software development knowledge, to achieve the desired outcomes. Although not IT-focused, business analysts have to keep abreast of current trends, technologies, and processes to achieve the desired results.
Business analysts are responsible for collecting, analysing, and communicating data, which they then share with management. Their recommendations help organisations improve decision-making processes and reconfigure business goals. While the specific role of a Business Analyst may vary depending on the organisation, key tasks are similar across most organisations. These include understanding what a business does, evaluating processes for efficiency and cost, and developing recommendations to improve those processes.
The role of a Business Analyst is increasingly important as new technologies such as Machine Learning, AI, and IoT affect organisations on a daily basis. In addition, half of the working population is expected to need to upskill, and 85% of companies are expected to adopt big data analytics.
They prevent multiple meetings between stakeholders
The number of meetings between stakeholders should be kept to a minimum. More meetings mean less productivity. A good BA will ensure that meetings are only as long as necessary to address a single issue. If the meetings are more than an hour, consider scheduling conference calls instead. When possible, hold meetings outside of business hours. This will foster informal discussion and a more relaxed environment. It will also show that the BA is open to engaging with stakeholders and understands their concerns.
They help in forming strategies and plans
Business analysts work to identify the business needs of an organisation and create strategies and plans that address these needs. They also analyse and predict changes in a business so that they can help the organisation move in the right direction. They also analyse and synthesise information from a variety of sources.
A business analyst can help your organisation with process changes and technology solutions. They also have the ability to understand stakeholder expectations and come up with a strategy for improvement. They are a valuable asset to any organisation and can be an invaluable resource for planning. They are not IT specialists, but they need to be aware of the technology.
Business analysts need specific skills and credentials to perform their job successfully. This could include certification, a degree, or coursework. In addition, business analysts need to be able to communicate ideas clearly and in writing. They must have a background in data analysis and be familiar with various data analysis tools and languages.