Check out the discussion on Project Management.com entitled: “Is Business Analysis Properly Linked to Project Management within the PMBOK® Guide?". The PMI® Guide to Business Analysis (Includes The Standard for Business Analysis), slated for publication later this year, will be a great resource to identify and clarify the linkage between business analysis and project management efforts. The upcoming guide to business analysis also speaks to the relationship between business analysis and program and portfolio management.
We’ve offered a lot of entries in this blog which let folks know that that the business analysis guide and standard will cover the relationship between project management and business analysis efforts and the collaboration between those responsible for them. For example, please see Laura’s recent blog entry PMI's Business Analysis Standard - What You Have to Gain and Cheryl’s entry How-Business-Analysis-Compares-with-Project--Program-and-Portfolio-Management, just to name two.
But, if you don’t have time to go back through all of our blogs, here is quick summary of some of the ways The PMI Guide to Business Analysis and the included Standard will provide the link:
It’s been absolutely necessary and important for The PMI Guide for Business Analysis to articulate the link between business analysis and project management. And, do keep in mind that the Guide is more than a linking document; it will provide an understanding of business analysis which applies to all delivery lifecycles, from predictive to adaptive. It will stand together with its previously published companion volume, Business Analysis for Practitioners: A Practice Guide as a great resource for learning about business analysis practices and business analysis thinking.
The PMI TORONTO chapter is proud to be home to the first business analysis community within a PMI chapter. We have seen the community steadily grow over the last 3 years and its success represents additional proof that a need exists for project management and business analysis to be under one roof as there is a strong correlation between these professions. The PMI TORONTO chapter hosted a public review party titled “Party Like a Business Analysis Rock Star” at the Hard Rock Cafe within the public review window. Dave Bieg, Program Manager for Business Analysis and Requirements at PMI, came in to co-host the event with me. Here are a couple of photos from the event, the first is Dave and me partying like a BA rock star!
Highlights of the presentation included:
I had used the cooking analogy I blogged about last year to illustrate how to use the upcoming publication and provided many examples from the guide, including collaboration points and tailoring tables that Joy recently blogged about. Folks were super excited about the idea that this upcoming publication will be one stop shopping – all in one standard!
We received overwhelming support and positive feedback from the crowd of about 200 project professionals that attended the event and are being encouraged to throw a second celebration when The PMI Guide to Business Analysis (Includes The Standard for Business Analysis) is launched later this year, and I invite you to do the same at your local chapter! We have many resources that we can share with you if you’re interested, just send me a note!
After witnessing the excitement and enthusiasm for the guide and standard from the folks here in Toronto, I was pumped to see the comments from the public review! The core team jumped right into adjudicating the responses the day after the public review window closed. We are so grateful and impressed with the effort and insightful feedback provided by the community! Thank you!
Did you participate in the public review process? What aspect of the new standard are you most excited about?
PMI’s Business Analysis Standard – What You Have to Gain
By Laura Paton
If you are reading this blog chances are you are interested (dare I say passionate) about business analysis. Whether you have been following our blog or not, it’s worth re-announcing that something really BIG is on the horizon. Later this year, PMI will be publishing their full consensus based standard on business analysis - The PMI® Guide to Business Analysis (Includes The Standard for Business Analysis).
Why should you care? Well there are a lot of reasons, but here are my top 3…
But there are other standards in the market, so how will this product be different? Let me provide you the top 5 reasons.
We often talk about defining the ‘value proposition’ when we perform business analysis. Perform your own analysis about business analysis and determine what is of value to you.
Think new, think fresh, think PM and BA synergy – there is a new BA standard coming to the BA community in 2017! How will you leverage the value?Let us know we would love to hear from you!
As Cheryl mentioned in her recent blog entry, business analysis is a competency needed across projects, programs and portfolios. She gave you a sneak peek at how we clarified the relationship between business analysis and project, program and portfolio management (which I’ll refer to as "management" for the remainder of this blog). But wait, there’s more! As the core team began to frame the content we were developing, we realized that we were delving into areas where we referred to work which is often considered part of management. And so we had to think hard about how we would distinguish, for example, how business analysis efforts figure into creating a project charter or deciding how to engage stakeholders. We were sure that the efforts were not overlapping in a redundant way, so how best to explain the differences? Certainly, the product focus of business analysis and the project/program/portfolio focus of management is one difference, but what else would we need to call out?
Two patterns emerged for us for situations in which there was overlapping effort, both of which were based on collaboration of business analysis and management:
All and all, thinking through how to present the relationship between business analysis and management reinforced for us the value of having PMI address business analysis: by looking at the nature of the relationship between management and analysis efforts, highlighting how some aspects of management efforts involve business analysis and also aligning the vocabulary between the disciplines, PMI will help improve the collaboration between management and business analysis that is so critical for successful projects.
As Laura mentioned in her last post, we just wrapped up SME review and are gearing up for public review very soon! THANK YOU to all the wonderful SMEs that took the time to read and provide feedback that was clear, complete and easy to understand. It was deeply appreciated while plugging away at over 1100 comments. We value the effort that it took our SMEs to review and comment, so we ensured all feedback was carefully evaluated.
There were a few interesting themes we noticed within the feedback, one of them being the relationship between business analysis with project, program and portfolio management. I wanted to pick on this point, as there is a lot of confusion and even misconception within the public on the scope of business analysis being covered in PMI’s business analysis standard.
Business analysis is a competency needed across the project, program and portfolio. Portfolios include work at a strategy level and operations, per the definition of Portfolios: “Projects, programs, subportfolios, and operations managed as a group to achieve strategic objectives.” In other words, the scope of business analysis within PMI’s business analysis standard includes work to support strategy and operations.
Based on valuable feedback from SMEs, our team incorporated changes to ensure:
1) The scope of business analysis was clarified, and
2) The relationship between business analysis with project, program and portfolio management was made much clearer.
In addition to adding verbiage to address (1), we added the following comparative overview of business analysis with project, program, and portfolio management to address (2).
Hope you enjoyed that sneak peek. Stay tuned for more information on the public review process. We look forward to seeing your comments!