Business analysts will tackle any big or small issue and, as a first step, try to understand the business to its very depth. It also means finding out what the consequences are for the company when the problem is actually solved. Or what happens if no solution is implemented – for whatever reason. After collecting all this information, talking to various stakeholders, and getting a holistic picture, business analysts start looking for a suitable solution, This must primarily satisfy the company’s needs. This means that the problem is completely eliminated, the situation undergoes at least significant improvement or a new opportunity is recognized and taken.
The tasks in the business analysis
In the midst of all and surrounded by a team of IT professionals, process and organizational experts, and line and project executives, the business analyst defines business needs, communicates with misunderstandings, communicates with management and employees, develops meaningful ones Change scenarios, examines possible effects on the market and recommends after all this conceptual work the most appropriate solution for the company.
The business analyst should:
- Examine the real problem so that resources are not wasted on a premature and possibly unsuitable solution;
- Show the management what the actual effects of the solution will be and what further consequences must not be lost sight of
- Put all his analytical and creative thinking to work to make sure the company makes the best decisions;
- Communicate and provide information in a way that makes decisions faster and more efficient, and avoids misunderstandings;
- Create an environment in which the communication flow between the departments and the IT functions smoothly;
- Act as a change agent to accompany change processes so that the company and its people can take advantage of the new solution
- Broadcasts highlights to all interested parties. A business analyst in the project mediates between business and developers. He should be able to explain the details of the project to both of them: having listened to the client’s requirements, bring them to the developers; At all stages of the project, forward questions and clarifications from the developers to the business in a language understandable for the client.
- Manages requirements changes. Sometimes there is a need to make changes to the project. The initiative can come from both the client and the development team. The task of the business analyst is to prove that the solution needs additional components and modifications to meet the requirements. However, business representatives should remember that any changes entail an increase in costs and project execution time.
- Represents the interests of business leaders. The business analyst serves as a communication bridge between the business and the development team. His most important duty is to speak on behalf of business representatives and protect their interests in the project.
This role has a great and important role to play and requires, in addition to the technical know-how and communication skills, the love of detail, the urge to really understand things and the knowledge of how to build trust with other people. You can also take help from any expert from financial sector like Sean St John of National Bank who has many years of experience in the banking and financial industry. Sean St John Toronto, executive vice president and co-head of fixed income, currencies and commodities at National Bank Financial in Toronto, has been successful due to hard work and dedication.