Business Analysis for Project Success: Enhance Essential Knowledge, Ideas and Methodologies
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Business Analysis for Project Success: Enhance Essential Knowledge, Ideas and Methodologies Course
Introduction:
Business Analysis is recognized in the modern world as an important prerequisite to the successful solution of business problems and enhanced return on capital investment. Bigger challenges, bigger investments, and higher risks of business projects are combined with overwhelmingly complex economic conditions, high uncertainty and increasingly demanding stakeholders. The key to success in this environment is the need to understand the business need in the first place and to translate it into a clear set of requirements. The Business Analysis for Project Success training program covers the knowledge necessary to conduct a comprehensive analysis of business needs and the definition of project requirements that are linked to the creation of measurable organizational value. The training program is focused on the enhancement of essential knowledge and skills and equips participants with a toolbox of ideas and methodologies for effective elicitation and analysis of business requirements.
Course Objectives:
The Business Analysis for Project Success training program aims to expand participants’ knowledge of business analysis methodologies to help distinguish real business value from general wishful thinking. It provides a productive environment to develop hands-on skills and practice-specific diagnostic tools and techniques. As a result of attending this training program, the participants will be able to:
- Define the nature of business problems and link them to business directions
- Apply strategic thinking and leadership to business needs analysis
- Recognize and actively manage divergent stakeholder expectations
- Elicit and analyze pertinent business information from a wide range of sources
- Use proven diagnostic and analytical tools to organize, verify, validate, and prioritize requirements
- Document and justify clear, concise, and effective project requirements
Who Should Attend?
The Business Analysis for Project Success training program will benefit professionals who are involved in project initiation and would like to be able to effectively understand business requirements, define their projects, and convince stakeholders to support them. The program will equally appeal to decision-makers and those who support them in the private, public, and not-for-profit sectors.
Course Outlines:
Introduction and Key Concepts
- Projects in the modern world
- Business Analysis as a key to project success. Lessons for an Accidental Profession
- Projects, programs, endeavors
- Project lifecycle
Strategic Thinking and Leadership in Business Analysis
- Business analysis and strategic thinking
- Understanding business context and direction
- Strategic analysis tools, formulation of objectives
- Managing project stakeholders, understanding perspectives
Project Initiation
- The key questions at project initiation
- Definition of project requirements
Collecting and Organizing Project Requirements
- Requirements elicitation and knowledge types
- Business needs analysis
- Elicitation techniques: sampling, interviewing, stakeholder consultations,
Programs, prototyping, scenarios, observation, data analysis
- Interview techniques
- Use of questionnaires and surveys
Advanced Elicitation Techniques
- Managing divergent expectations
- Effective facilitation of stakeholder programs; establishing effective group decision processes
- Facilitation tools and techniques that counter typical errors, biases, and inefficiencies
- Techniques for building agreement
- Nominal group technique and affinity diagram
- Process analysis tools
Prioritizing Requirements
- Requirements prioritization techniques
- Managing stakeholder differences
Evaluating Options
- Formulating and considering alternative solutions
- Decision criteria and option analysis
Documenting Requirements
- Persona analysis
- Modeling
- Use case
- Verification and validation of requirements
- Creating a project scope statement
- Defining project priorities
- Ensuring the requirements are actionable and practical, avoiding the traps
- Implementation planning, stakeholder alignment, and change management considerations
Planning the Delivery of Project Requirements
- Project Requirements and Work Breakdown Structure
- Requirements traceability
- Using the Critical Path Method to Manage Deadline Requirements
- Managing budget and resource requirements
- Identifying and mitigating project risks
Achieving Project Success Through Effective Control
- Fundamentals of effective project monitoring and control
- Defining project requirements and managing variations
- Managing project creeps
Benefit Realization
- Managing change
- Managing project completion
- End-of-project processes and lessons learned
- Benefit realization reviews
Advanced Topics in Business Analysis
- Summary of business analysis tools
- Case study application
