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Tag Archives: Techniques
Decision Analysis
Some decisions are fairly straightforward to make. This is true when the number of factors is limited and when their contributions are well defined. Other decisions, by contrast, involve more factors which contributions are less clear. It is also possible … Continue reading
Estimation
Estimation is used to try to predict future outcomes related the the iron triangle elements of time, money, and, to a lesser degree quality (or features or performance). The BABOK essentially only discusses the first two. Estimates can be made … Continue reading
Item Tracking
Item tracking is how participants in an effort monitor what concerns, issues, and tasks are valid and need to be addressed, and who has responsibility. Items can arise in any phase of an engagement and be tracked through any other … Continue reading
Benchmarking and Market Analysis
Benchmarking involves learning about activities and characteristics across industries, organizations, products, methodologies, and technologies to identify best practices, product options, and competitive requirements. Benchmarking may be performed by comparing the presence or absence of features (which video editing programs can … Continue reading
Data Mining
Data mining is the processing of large quantities of data to glean useful insights and support decision-making. Descriptive techniques like generating graphical depictions or applying other methods allow users to identify patterns, trends, or clusters. Diagnostic techniques like decision trees … Continue reading
Posted in Tools and methods
Tagged BABOK, business analysis, data, data analysis, Techniques
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State Modeling
What do we mean by state? We commonly think of the states of matter as solid, liquid, and gaseous, and we know that these are dependent on temperature. For water at — atmospheric pressure — we refer to these states … Continue reading
Reviews
Reviews are about examining some output or artifact for quality and agreement. I primarily think of this process in terms of my framework, as shown in the figure below, but many contexts are valid. In my framework, review means building … Continue reading
Business Model Canvas
Like the balanced scorecard technique I described yesterday, I view the business model canvas technique as a way to get analysts to look at organizations in a different way. It is used fairly commonly (though I had never seen nor … Continue reading
Balanced Scorecard
I have never explicitly used this technique, but I have certainly examined problems, systems, and opportunities from all the perspectives contained within it. This is true of many techniques described in the BABOK. I often note that every formalized technique … Continue reading
Concept Modeling
A concept model, or conceptual model, is an abstract representation of an organization, process, system, or product. It relates the nouns and verbs and other categorizations within and between elements. It can take any arbitrary form, in contrast with the … Continue reading