Chapter 3 - Business Analysis Planning and Monitoring

These are some of the business approaches which are identified for the work of a business analyst

• Plan Business Analysis Approach 

This approach is to decide on an effective method to perform business analytical tasks. A        business analyst can identify many steps for business analysis which can change during the whole process. The business analysis approach should include the following:

• Manage risks - The quality of a task which a business analyst performs can drastically decrease if the risks involved are not managed appropriately. So, the business analyst should take care of all the risks during performing the tasks. 
• Align Goals
• Coordinate tasks
• Leverage successes

• Plan Stakeholder Engagement

 The goal of the Plan Stakeholder Engagement is to plan a technique to build a strong relationship with the stakeholders and to maintain this working relationship with them. The analysis of this approach will find all the stakeholders and analyze their usual traits. The business analyst should consider the business needs and use the Business Analysis Approach to consider the analysis for the stakeholders. The elements, stakeholder collaboration, and the stakeholder communication needs are the concepts a business analyst will consider while analyzing the relationship.

• Plan Business Analysis Governance

The purpose of this analysis is to define how major decisions are made regarding designs, requirements, change control, approvals and the priorities for the business. During a governance activity, a business analyst identifies the people who are involved in the prioritization and how the work will be prioritized, how the change is made in the business and who has the authority to do the change and who can approve the change and how the change can be recorded in the business.

• Plan Business Analysis Information Management

During this plan, the business analyst analyzes how the information acquired during the business is stored and accessed. This mainly involves how the information is arranged and sorted, at what level of detailing should the information be acquired, how the information is utilized throughout the organization, how the information is stored and reached and what are the brief descriptions about the information that must be maintained.

• Identify Business Analysis Performance Improvements

This approach considers the concept of the improvement process in the work of a business analyst, the work is assessed and a plan is identified to make improvements where required. To fully complete this plan the first step is the performance analysis where the performance of the business analyst is assessed. Next are the assessment measures in which the new measures for the help of the business analyst are identified like knowledge, effectiveness, timeliness etc. After that, the results are analyzed and the last various actions are taken for the improvement of the work done by the business analyst.