Enterprise analysis is knowledge area that helps the company to identify business opportunities, to build a business strategy and it explains all the business analysis activities of the company or enterprise . Enterprise analysis is focused on understanding the needs of the business entirely and identifying opportunities which help the enterprise to achieve their strategic goals . Enterprise analysis not only put forward the solution but also takes in depth look into whether the proposed solution is the best outcome or not. This analysis helps to define what actually the problem is and make sure what is the need that to be filled to remove that problem. Then define the solution scope which should be feasible by the business. Enterprise analysis provides A business analyst with the context of the project or the requirements. Enterprise analysis is also known as Strategic Enterprise analysis or company analysis.
The task carried out in Enterprise analysis are ; –
- Define business needs
- Assess Capability Gaps
- Determine Solution Approach
- Define Solution Scope
- Define business case
A Business Analyst contributes to all stages of Enterprise Analysis by using various techniques like ; –
- SWOT analysis
- GAP analysis
- Feasibility Study
- Root cause analysis
SWOT analysis stands for Strengths, Weaknesses, Opportunities and threats. This analysis is a frame work which helps the company to identify the greatest challenges and find the new markets. SWOT analysis is a organised list which explains the internal factors and external factor of the company. Swot analysis is found to be helpful to see and identify the good performing business areas. This area will become the important success factors and they will benefit your business by identifying it as an advantage. Identifying these strengths can be useful to make sure not to lose competitive advantage.
Internal factors will be strength and weaknesses
External factors will be Opportunities and threats.
Gap analysis is a comparison process which helps the company or enterprise to compare their current performance state and their desired future state of the organization in order to understand the differences (GAP) that need to be addressed.
Factors that need to included or used to perform Gap analysis are measurement of time, Money or budget, how many resources. Using these factors we can perform the analysis and see the gap between current state and future state of the organization.
All the business effecting factors will be considered in this process.
Feasibility study helps us to find the possibility of doing a project with the provided resources such as Technology, Budget and Time. Technology includes Software, hardware and trained resources. A feasibility study is a type of analysis which provides solution possibilities or options of solution to determine whether and how each possibility can provide an expected business benefit to meet the business need. Feasibility studies uses reliable data and uses market research, statistics to identify the potential solutions. Factors to be considered in feasibility studies are time and budget, technology.
Root Cause Analysis
Root cause is a type of analysis which helps to identify the origin or roots of the problems, so that company can make sure it wont repeat. It helps to find the origin of the problem which occurred in the process or an event. In an event things which make the smooth flow of process difficult is considered as an issue and the repeating of the same event over a period of time is considered as problem. For the clear functioning of the process it is necessary to avoid the occurrence of the problem.
Types of techniques are ; –
- 5 WHY
- Tabular Method
- Fish bone Diagram