About This Chapter
Types of Business Analysis & Management Models - Chapter Summary
Take a look at this comprehensive business chapter to review various types of business analysis and management models. Our expert instructors explain the purposes and functions of several models, including the waterfall, business process, decision analysis, iterative and rational decision making models. When you're finished with the chapter, you should be able to:
- Outline the iterative model in SDLC methodology
- Recognize the steps of the rational decision making model
- Explain the use of the process model in business analysis
- Describe the waterfall and business process models
- Summarize Lewin's force-field analysis change model
- Evaluate several decision analysis models
- Understand cost-benefit analysis
- Define Lean Six Sigma
To help you reinforce your understanding of these business analysis and management models, we've included short quizzes throughout the chapter. You can access these resources at any time, and the chapter is accessible on any device that has an Internet connection. If you need any clarification on the lesson topics, simply submit your questions to our instructors online.
1. Waterfall Model: Definition & Example
The waterfall model approach to project management is one of several different methodologies. In this lesson, we'll learn the phases of the waterfall model and the advantages and disadvantages to using it.
2. Iterative Model in SDLC Methodology
The iterative model in the Software Development Life Cycle is explained in detail. Examples of the iterative model within the life cycle, including process steps and scenarios, are provided.
3. The Rational Decision Making Model: Steps and Purpose in Organizations
Managers often rely on fact-based analytical decision making. Rational decision making can be very beneficial in the business world and differs from intuitive processes in several ways. Learn more about both decision-making tools, and find out which process provides the best solutions.
4. Process Model in Business Analysis
The process of completing tasks is an extremely important part of doing business. In this lesson, we will discuss the business process model and how it can be used in business analysis.
5. Business Process Model and Notation: Process & Examples
Business Process Model and Notation (BPMN) provides a standard that provides for a common understanding between business process designers and business process technical developers. This lesson gives a general orientation and an example of how BPMN is used.
6. Kurt Lewin's Force-Field Analysis Change Model
Kurt Lewin's force field analysis change model was designed to weigh the driving and restraining forces that affect change in organizations. The 'force field' can be described as two opposite forces working for and against change. In this lesson, we'll learn how to analyze the force field.
7. Decision Analysis: Models & Tools
Each day we make important decisions, personally and professionally. Often we use decision-making tools without even realizing it. In this lesson, we'll discuss some important models and tools that we can use to improve our decision-making process.
8. Understanding & Using Cost-Benefit Analysis
This lesson will introduce the concepts, advantages, and disadvantages of cost-benefit analysis. Although the cost-benefit analysis is an excellent tool, we shall see that not all costs and benefits can easily be assigned monetary values.
9. What Is Lean Six Sigma? - Definition & Difference
Increasing efficiency and boosting profits are important to all businesses. But how can businesses do that? In this lesson, we'll examine the Lean Six Sigma program, including how it can help businesses eliminate waste and become more efficient.
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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
- Business Analysis Methods
- Business Analysis Tools & Techniques
- Traceability & Monitoring in Business
- Communication, Conflict Resolution & Negotiation in Business
- Business Analysis Evaluation
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