Five Tips for Infusing Business Analysis Into Your Projects

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In business today, any project is ultimately measured by one thing: return on investment. There are dozens of metrics to be measured along the way—from budget and deadline to scope and stakeholder satisfaction—however, at the end of the day, ROI trumps all.

Remember the movie Titanic? It overshot its budget by a nautical mile and took much longer to make than originally scheduled. However, a lifeboat full of Oscars later, the movie grossed about a billion dollars around the world.

Unfortunately, with your current projects, you probably won’t be able to lean on Leonardo DiCaprio to drive profits. That’s why, from a business standpoint, it makes sense to give your projects the best chance of success from the very beginning of the project life cycle. In other words, don’t sink your chances at profitability before you even leave the harbor. Metaphorically speaking, of course.

The best way to do this is to mix business analysis into your project management efforts. For years, professionals have been realizing that the infusion of business analysis can dramatically improve the likelihood of project success. Business analysis is essential for establishing project requirements, ensuring that your stakeholders are on board and eliminating the countless hours of rework that can wreak havoc on your budgets and timelines.

To help guide you in the integration of business analysis into your project mix, I’ve listed five key tips. From requirements gathering to communication to verification, think of it as your crash course in the value of business analysis. Each tip can be mapped back to the International Institute of Business Analysis (IIBATM) Business Analysis Body of Knowledge (BABOK®)

Author: Glenn R. Brûlé





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