Practitioners that “pressure test” their assumptions and strengthen the weak points in their logic tend to produce business strategies and plans that are stronger, more capable, and yield more consistent results. Here are three simple steps to help you clarify assumptions and strengthen any plan of action.
The advantages of using AI tools to manage projects can no longer be ignored, from improving efficiency and productivity in repetitive tasks to saving time and money. But the technology must be balanced with human creativity and critical thinking.
Have you thought about the business model of your company? With the practicality of a template, this article describes a great strategic tool—and how to build one with your team and stakeholders to enhance understanding and value on your project.
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Over the years business analysis has continued to grow at a rapid rate and is often seen as a critical leadership competency for Projects, Programs, and Portfolios. Business Analysis provides important value by reducing project costs and increasing the potential return, or benefits. This PMI virtual event will provide insights on just how critical of a role business analysis plays in the overall success of project while giving you the BA insights, resources, and tools you need for total project and career success.
If you perform business analysis, your work is vital to project and program success. To most effectively support your organization and advance in your career, you need to know how to apply BA to any situation and delivery method. The new PMI Guide to Business Analysis will help you achieve this! Get an exclusive preview, with in-depth insights, at the PMI Business Analysis Virtual Conference 2017.
Advance your BA skills! Don’t miss the most popular Business Analysis event of the year! We’re sharing career journeys and talking about the hottest BA and agile BA topics. Catch these sessions from the only event designed with your future in mind to help you get ahead.
One of the critical competency require on the modern project professional is the ability to communicate the customer experience of the project product and the customer experience. This presentation will explore how to identify function touchpoints for the product using a customer journey model. This presentation will bridge the combination of the PMI talent triangle to effectively create understanding of the customer experience. We will explore the use of “Ways of Working” by discussing how to lead a customer journey elicitation session and provide Function Details in alignment with the Project “Development Approach & Life Cycle”. We will explore “Power Skills” by discussing the human interaction throughout the journey evolution, and we will explore ‘Business Acumen” and it’s definition of defining the environment in which the customer journey exists.
Discounted Cash Flow analysis is a great tool to quantify the value of financial benefits delivered by a project and the rate at which that benefit is delivered. Discounted Carbon Flow analysis follows an identical set of principles and calculations but applies these to the carbon emission cost of executing a project and the carbon emission (reduction) benefit of the project outcome. To deliver the Paris Agreement targets we need to urgently and massively reduce global CO2 emissions, and Discounted Carbon Flow is a great tool to support this as the principles are already understood from the equivalent financial analysis.
As a business analyst given the context of analysis you have to choose the proper elicitation techniques. Knowing the most common elicitation techniques and the pros and cons of each you can select those that can bring you value.
This webinar will explore the journey of the development team who created PMI's Business Analysis for Practitioners: A Practice Guide - Second Edition. Panelists will share their experience about the work that went into the project, as well as their passion for BA, which enabled them to overcome obstacles and deliver a product that makes an important contribution to PMI's business analysis library.
The project financial analysis template calculates key metrics to determine the business case for a project. The template is an Excel file that can be used by a project manager, project sponsor or a relevant professional to determine if a project should be pursued.
Traditional, multi-page business cases often don’t work well. They contain too much subjective information, and the relevant details are lost in the “sales pitch.” This lightweight business case template is more in the spirit of a Lean Business Case than a traditional one, but is more likely to be accepted by leadership.
This template is for creating a process inventory and detailed process descriptions for the purpose of Business Analysis prior to IT project implementation. Processes are analyzed step by step in order to identify software functional requirements that are necessary to execute the process. A companion to the article The Role of Business Process Design in Business Analysis on IT Projects.
Whether you are a BA, a PM or have your feet in both camps, you'll want to check out this webinar. Not only will it broaden your vocabulary, but it will expand your perspective of the how BAs and PMs can and should relate to each other differently.
The aim of your business case is to gain organizational support and funding approval for an initiative by providing all necessary rationale for informed decision making. You as the sponsor must document the business case after satisfactory analysis has been conducted to understand business need, examine alternatives and conclude recommendations. Use this checklist as a reference in building a better business case.
Project managers today recognize the importance of the business context to their projects, but what does that mean in practical terms? How deep should your business acumen actually be?
For external projects, there isn't a lot of direct connection with customers—and that is a lost opportunity. There is tremendous value in trying to make these customers "real." How can we achieve that level of understanding?
Given that 90% of his career has been in the private sector, this practitioner's approach is very much from a business perspective. How would that translate in his role as an elected official in his local community?
A business case describes the current situation, the various benefits of changing that situation, and then the options and their benefits. But if you need to write a business case, remember what matters to the person who reads it.
Projects managers talk about the “business context” or the “business purpose” of a project. And that’s a problem, because there is no such thing.
There is no single strategy that will progress your career—but there are specific deficiencies that may be holding you back, and insufficient business acumen is one of them. It is a quiet killer for your dreams of advancement. These five tips can help.
Question: Last week, I was told that there will now be a business analyst (BA) working with my project team. To be honest, we have all the roles filled. Why are we being assigned yet another person to deal with? Isn’t it enough that they also want us to work with a second team to produce the tangible portions of this project, while we do the software and other soft deliverables? Can I refuse to accept this person into the group?
The success or failure of an organizational agility environment can come down to the decisions of one or two project teams. Unless those teams have the confidence to act decisively, the entire organization will suffer.
Research and development has more pressure to deliver than any other business function. Using the consumer durable product industry as a base, this article will elaborate on four key challenges that R&D projects face—along with countermeasures that an R&D project manager can take.
Project management, business analysis and organizational change management are all areas where we can grow our professional careers. How should you proceed? What course of action will yield fast results and yet lay the foundation for a strong and sustainable career?
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