The main goal of any business, product developer or startup, when launching a new product or revising an existing one, is the delivery of successful products and services.

The criteria for success is set during the Business Analysis stage by understanding business problems and objectives, and defining efficient ways of solving and reaching solutions.

Itera Research offers Business Analysis outsourcing services to unleash the power of your business.

What is business analysis?

The International Institute of Business Analysis (IIBA), a nonprofit professional association, defines business analysis as the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value.

Practically this results in:

• Discovery of the primary business objectives
• Definition of scope
• Elicitation and formulation of the detailed project requirements
• Validation of the requirements
• Discovery of the effective solution
• Support of the technical implementation

What does the business analyst do?

A Business Analyst is a person who will do a deep dive into a specific area of a business and translate business needs into the language of product features.

Why is business analysis important?

1. Escape re-do and save money. BA costs less than double coding
2. It can provide solutions that can cut the costs using readymade tools instead of custom development
3. Effectively decreases misinterpretation and miscommunication between a client and a team
4. BA offers precise cost and terms estimation
5. Reduces time and effort on testing
6. Suggests changes in management and assess how changes will affect already implemented functionality, project’s scope, timeline, and budget.

What artifacts might you get?

Depending on the business needs and stage of the project, the IR team offers different types of artifacts that bring maximum efficiency with minimum input.

1. Wireframes – schematic presentation of the software interface
2. Prototype – dynamic presentation of the software interface to validate UX
3. Software Requirements Specification – a document that describes what the software will do and how it will be expected to perform. This includes.
   • User Stories – short, simple descriptions of a feature told from the perspective of a user or customer of the system.
   • Acceptance criteria – the conditions that a software product must meet to be accepted by a user, a customer, or other system.
   • Data flow diagrams, entity-relationship diagrams, etc.
4. Precise quotation and project plan

What will you get as a result?

• Mockups.
• SRS, which can include functional and non-functional requirements, user story, acceptance criteria and what else happens there.
• Technology recommendations (what better to use?).
• Accurate estimate of the project cost.