About This Chapter
Business Analysis Methods - Chapter Summary
Consult this chapter's engaging lessons to review various business analysis methods. Our expert instructors use an approachable and simplified teaching style to break down a number of effective business analysis methods, including agile development, the MoSCoW method, gap analysis, big data analytics and VPEC-T business analysis. When you're finished, you'll be able to:
- Recognize types of agile methodology
- Explain the purpose of agile poker and agile backlogs
- Differentiate between user stories and use cases in agile development
- Evaluate examples of the MoSCoW method
- Identify gap analysis and interface analysis tools
- Define root cause analysis, big data analytics, dependency analysis and VPEC-T business analysis
Try the accompanying multiple-choice quizzes to check your understanding of these business analysis methods. The chapter can be completed at your own pace, and your course dashboard will keep track of your progress. If you have any questions, simply reach out to our instructors online. The chapter material is also accessible on any device that has an Internet connection.
1. Agile Methodology: Types & Examples
The term agile covers several project management approaches, all characterized by using incremental work packages. This lesson will look at the six agile approaches and show how each is used.
2. Agile Poker: Planning Through Cards
Planning poker is an estimation technique used in the scrum framework. It is meant to clarify how complex user stories are and ensures the team isn't being over-committed.
3. Agile Backlog: Definition & Management
Project requirements are most valuable when they are easy to understand and implement. In Agile, management of project requirements is done through the use of a backlog. Learn the definition and management of an Agile backlog.
4. User Stories vs Use Cases in Agile Development
One of the unique aspects of Agile is the documentation of project requirements in the form of user stories. Some consider these interchangeable with use cases, which are employed by other methodologies, but this is not the case. Learn how user stories and use cases compare in Agile Development.
5. MoSCoW Method in Business Analysis: Examples
This lesson explains the MoSCoW method and its use in business analysis to develop common priorities and expectations of an agile project with its stakeholders. This lesson also discusses the collaborative environment created around MoSCoW projects.
6. Gap Analysis: Definition & Tools
In this lesson, you'll find out about gap analysis and how businesses and other organizations use it. You'll also follow the four steps of the gap analysis process from start to finish and learn about two tools used in business analysis.
7. What is Root Cause Analysis? - Definition & Examples
This lesson will explain root cause analysis and discuss its relevance to project management. We will review the importance of understanding the problem, data collection, asking why questions, solutions, and implementing changes.
8. What is Big Data Analytics? - Definition & Examples
Companies often have an abundance of data to comb through. It can be difficult to know how to interpret all of that data. One method that has helped make that task more manageable is using big data analytics. Let us take a look now!
9. VPEC-T Business Analysis: Overview & Examples
VPEC-T business analysis is a methodology that is used to translate complex business and technology requirements among IT systems stakeholders. The purpose of this lesson is to provide an overview of this strong communications tool.
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Other chapters within the PMI-PBA® Certification Exam Study Guide - PMI Professional in Business Analysis course
- PMI-PBA® Certification Overview
- Understanding Business Analysis
- Business Needs Assessment
- Leadership Principles
- Business Analysis Planning
- Types of Business Analysis & Management Models
- Business Analysis Tools & Techniques
- Traceability & Monitoring in Business
- Communication, Conflict Resolution & Negotiation in Business
- Business Analysis Evaluation
- PMI-PBA Certification Exam Study Guide - PMI Professional in Business Analysis Flashcards