Business Analysis Framework

What is Business Analysis Framework? The below diagram explains Business Analysis Framework. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.

Business Analysis Framework

A Business Analysis Framework is a conceptual and real blueprint that involves and describes all the vital requirements of running a business. It is built upon knowledge, various techniques, established concepts, and critical analysis . The framework is implemented to match the business practices with the organizational goals . It is a step-wise approach that helps business analysts understand all the business requirements quickly and deliver the best solution accordingly .

There are many business analysis frameworks and methodologies available in the present time business world . Some of the helpful and most common business analysis frameworks are:

1. Michael Porter’s Five Forces Model: This model is used for analyzing industries .
2. SWOT Analysis: This tool is used to analyze a business’s environment and how it will affect the company’s performance .
3. PEST Analysis: This tool is used to analyze the external macro-environmental factors that affect a business .
4. MOST Analysis: This tool is used to analyze the internal and external factors that affect a business .

If you are interested in learning more about business analysis frameworks, you can check out the ECBA Course, which is the level one certification in the business analysis (BA) certification framework from the International Institute of Business Analysis (IIBA) .