More Business Analysis Examples and Templates

PESTLE Analysis

PESTLE Analysis

SWOT Analysis for Competitor Analysis

SWOT Analysis for Competitor Analysis

Stakeholder Analysis

Stakeholder Analysis

Business Analysis Context Diagram

Business Analysis Context Diagram

Use Case Diagram for Business Analysis

Use Case Diagram for Business Analysis

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Guide and Best Practices

Business analysis is a process where business analysts conduct research to identify business needs, gather business requirements, and find solutions to business problems.

How to conduct a business analysis

  • Gather background information on the project and identify the various circumstances that could affect the business strategy for the project.
  • Use a PESTLE analysis to examine the impact of external environmental forces and Porter’s five forces analysis to examine the current market status.
  • Identify the stakeholders of your project. You can use a stakeholder map to quickly identify the important stakeholders with your team.
  • Determine the business strategy and objectives. Use an Ansoff matrix to understand the strategic options available and SWOT analysis to identify internal strengths and weaknesses.
  • Evaluate the options available to achieve business objectives. Brainstorm the various options using a mind map and share it with stakeholders for their opinion.
  • Gather your team and define the scope of the project and create a scope definition document.
  • With the help of the project manager and a Gantt chart, outline the timeline and set dates for the delivery of requirements for the development team.
  • Identify and clarify the requirements to the business owner and get his approval to deliver them to the development team before technically implementing them.
  • Download your diagrams as SVGs or in print-ready formats or share them with others so they can quickly access and edit them.

More templates and visual ideas in business analysis

PESTLE Analysis Example

PESTLE Analysis Example

PESTLE Analysis for Business Analysis

PESTLE Analysis for Business Analysis

Blank SWOT Arrows Template

Blank SWOT Arrows Template

Stakeholder Map

Stakeholder Map

Website Navigation Flow for Business Analysis

Website Navigation Flow for Business Analysis

Activity Diagram for Business Analysis

Activity Diagram for Business Analysis