Introduction
A Business Analysis Model outlines the steps businesses take to complete a specific process, like ordering a product or onboarding a new hire. A Business Analyst requires sound data analysis and effective data modelling to handle different business processes. Therefore, these professionals need a diverse toolbox of strategies and visual modelling techniques to help them drive successful project outcomes. Such visual models streamline the data and make it easy for the stakeholders to identify and understand project strategies, responsibilities, and relationships. Aspiring Business Analysts can take up the Business Analysis online course to learn the basics of BA and the various techniques involved in the business analysis processes.
This blog offers you diverse knowledge about the different Business Analysis models. Read on to know more.
Top business Analysis Models
Following are some of the various Business Analysis Models used to streamline the workflow of Business Analysts.
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Activity Diagrams
The Activity Diagrams are a type of UML behavioural diagram. These diagrams are used to describe everything that is required in a system. The Activity Diagrams are particularly useful for communicating processes to the stakeholders from both the business and development teams.
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Feature Mind Maps
The Feature Mind Maps enable business Analysts to organize the critical brainstorming processes to capture and categorize ideas, concerns, and requests. These visuals ensure that the Business Analysts make informed decisions about project direction, goals, and scopes.
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Product Roadmaps
The Product Roadmaps outline the development and launches of a product and its different features. These are flexible and provide a focused analysis of a product’s evolution, which helps developers and other stakeholders focus on initiatives that add direct value to the user. Business Analysts use Product Roadmaps to illustrate maintenance, bug fixes, feature releases, strategic product goals, etc.
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Organizational Charts
Organizational Charts are reference charts for employees to quickly understand how the company is organized and help identify key stakeholders and points of contact for projects or queries. These charts outline the hierarchy of a business or one of its departments or teams.
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SWOT Analysis
SWOT stands for S= Strength, W= Weakness, O= Opportunities, and T= Threat. The SWOT Analysis technique enables the business analyst to identify the strengths and weaknesses from the internal factors, while opportunities and threats make the external factors. These factors help a business analyst to develop solutions and find the areas where the business can improve.
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User Interface (UI) Wireframe
The UI Wireframes outline and visually design a specific screen layout. The Wireframes work as blueprints for a website or software program and help stakeholders assess navigational needs and experience for a successful practical application.
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Process Flow Diagram (PFD)
A PFD is used in chemical and process engineering to identify the basic flow of plant processes. PFDs are used to document and study a process and improve stakeholder understanding.
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PESTLE Analysis
The elements in PESTLE stand for P= Political, E= Economic, S= Social, T= Technological, L= Legal and E= Environmental. The various PESTLE factors offer insight into the business environment and shape the future course of actions that the business must use.
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Entity-Relationship (ER) Diagram
ER Diagrams illustrate how the different entities relate to one another in a system. The ER Diagram consists of Relationships, Entities, and Attributes.
Conclusion
To summarize, Business Analysis Models are used to outline the various business processes that are essential for the overall growth of a business. The essential Business Analysis Models include Activity Diagrams, Feature Mind Maps, Product Roadmaps, Organizational Charts, etc. Additionally, the Business Analysts also use SWOT and PESTLE Analysis, ER Diagrams, UI Wireframes, etc., for effective business-related decision-making. Furthermore, these Business Analysis Models streamline the business functioning and facilitate effective stakeholder communication. One can join Business Analysis Training in Delhi to learn more about the latest business analysis tools and techniques.