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Strategic Business Analysis
Duration
2 Days
Course
UT-200004234
Available Formats
Online Training
Course Description
Overview
Strategy analysis identifies the business needs (problem or opportunities) of tactical or strategic importance to the organization and supports the organization in responding to those needs. It provides the focus upon which all other business analyst efforts must align. Shortcutting strategy analysis often results in delivering solutions that are misaligned to the organization’s strategy and to the expectations and needs of the business. This course will help you understand the criticality of defining the business need correctly and pursuing a thorough analysis of the internal and external environments of the enterprise before assisting the organization in selecting the best solution. You will also learn the key activities needed in strategy analysis, the key components in building and communicating a strong business case and how to evaluate the value of the solution once it is implemented.To help assimilate the tools and techniques learned, there is a mixture of individual and team exercises throughout the course. Students will need to be prepared for a high level of participation. Each participant will receive a comprehensive student guide complete with examples, handouts and a business case template that can be used back on the job.
Note: This course has been approved by PMI for 14 PDUs and IIBA for 14 CDUs.
Objectives
Understand what comprises strategy analysis and when and how it is performed
Learn how to see the “big picture” and improve your strategic thinking skills
Increase project success by better defining the business need
Learn how to analyze the current state to provide an understanding of why a change is needed
Determine the set of conditions necessary to meet the business need and to define future state
Identify and recognize how risks influence the viability of solution options
Develop and assess alternative approaches to the change and propose the “best” recommended change strategy
Understand the purpose and importance of a business case, its key components and how to leverage a business case to communicate the viability for pursuing a change to your decision makers
Determine how to evaluate a solution once it is implemented to ensure it meets its expected value
Audience
This course is intended for business analysts, systems analysts, project managers, Business and IT stakeholders working with business analysts or anyone who needs to define the business need and make solution recommendations or needs to understand the activities performed in strategy analysis.
Prerequisites
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It is recommended that participants complete the Business Analysis Foundation course prior to enrolling or have equivalent experience.
Self-Paced Training Info
Learn at your own pace with anytime, anywhere training
- Same in-demand topics as instructor-led public and private classes.
- Standalone learning or supplemental reinforcement.
- e-Learning content varies by course and technology.
- View the Self-Paced version of this outline and what is included in the SPVC course.
- Learn more about e-Learning
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