THE VALUE OF BUSINESS ANALYST ROLE
A BA is a valuable tool for any business. They are there to help companies make viable changes to improve their organisation and achieve their goals. While some companies still believe that BA’s are an added cost, they actually do the opposite and help reduce company costs through increasing its ROI and lowering project costs. BA’s are specialists of change, as they introduce, manage, and facilitate the necessary changes to your business model. They are the people who provide the all-important link between stakeholders and project teams by communicating information between the two.
A business analyst works along with technical team and acts as a liaision between stakeholders of client and technical team. He is the face of the technical team to the client and all communications will happen through a business analyst . He/she will elicit, analyse, communicate and validate requirments for the change to business processes , policies and information systems in the existing business proves of the client. The business analyst understands business problems and oppurtunities in the context of the reqirements and recommends solutions that enable the organization to achieve goals.
There are few ways how the business analyst help in the overall development of the company
Increased ROI – The overall value of a company is based on its ROI. Your ROI measures the efficiency of an investment or solution. This is calculated by dividing the benefit of an investment by the cost of the investment. A business can impact these two variables. Business Analyst will work to increase the benefit achieved through an investment, whilst also working to decrease the cost to implement it, which ultimately increases your ROI. They will find more cost-efficient solutions which will lower costs. They increase the benefits by determining new needs within the organisation, prioritising those needs by value, and making necessary changes.
Successful Projects – A BA is a vital component of a project. Having a strong BA working on your project can save it from failure. Whilst the Project Manager will oversee a project and keep it on track, having a BA working alongside will ensure that the Project Manager leads the project in the right
direction. The BA will identify which projects will best achieve the organisation’s objectives.
Lower Costs – One of the key components of a BA’s job is to reduce company costs. The BA reduces project rework, underutilised functionality and requirements churn. They also identify and implement more cost-effective solutions.
Collaboration with Stakeholders –A large portion of project spending is wasted on rework caused by errors in requirements. The BA will reduce the rework on your projects by effectively collaborating with stakeholders. A BA will determine the complete and correct business requirements at the beginning of the project so that the steps can be implemented properly throughout the project.
Requirement collection-the BA always ensure that the client requirements are gathered properly gathered or collection, communicates the same to the technical team in UML language which is more understood to them. He communicates to client in business language .BA nutures these requirements into an IT solution with the help of the technical team. BA will continuously track of the client requirements through all the stages of the project development life cycle. He helps the technical team to understand the requirements clearly in UAT along with client . In short “BA takes the ownership of the client requirements”.
BUSINESS ANALYST WILL DO THE FOLLOWING IN THE PROJECT
- Gather requirements using elicitation techniques
- Documents the requirements using industry standards
- Models the requirements using UML
- Communicates the requirements to the technical team
- Tracks the requirements during the development stage
- Handles the change requirements
- Facilitates the UAT.