Strategic Business Analysis

Price
$1,395.00

Duration
2 Days

Delivery Methods
Virtual Instructor Led
Private Group

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Course Details & Schedule

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Course Overview

Strategy analysis identifies the business needs (problem or opportunities) of tactical or strategic importance to the organization and supports the organization in responding to those needs. It provides the focus upon which all other business analyst efforts must align. Shortcutting strategy analysis often results in delivering solutions that are misaligned to the organization’s strategy and to the expectations and needs of the business. This course will help you understand the criticality of defining the business need correctly and pursuing a thorough analysis of the internal and external environments of the enterprise before assisting the organization in selecting the best solution. You will also learn the key activities needed in strategy analysis, the key components in building and communicating a strong business case and how to evaluate the value of the solution once it is implemented.

To help assimilate the tools and techniques learned, there is a mixture of individual and team exercises throughout the course. Students will need to be prepared for a high level of participation. Each participant will receive a comprehensive student guide complete with examples, handouts and a business case template that can be used back on the job.

Note: This course has been approved by PMI for 14 PDUs and IIBA for 14 CDUs.

Course Objectives

Understand what comprises strategy analysis and when and how it is performed
Learn how to see the “big picture” and improve your strategic thinking skills
Increase project success by better defining the business need
Learn how to analyze the current state to provide an understanding of why a change is needed
Determine the set of conditions necessary to meet the business need and to define future state
Identify and recognize how risks influence the viability of solution options
Develop and assess alternative approaches to the change and propose the “best” recommended change strategy
Understand the purpose and importance of a business case, its key components and how to leverage a business case to communicate the viability for pursuing a change to your decision makers
Determine how to evaluate a solution once it is implemented to ensure it meets its expected value

Who Should Attend?

This course is intended for business analysts, systems analysts, project managers, Business and IT stakeholders working with business analysts or anyone who needs to define the business need and make solution recommendations or needs to understand the activities performed in strategy analysis.

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Course Prerequisites

It is recommended that participants complete the Business Analysis Foundation course prior to enrolling or have equivalent experience.

Agenda

Strategy Analysis Overview

Strategy analysis defined
Strategy analysis tasks
Strategy analysis and the project life cycle
Key competencies needed for strategy analysis

Strategic Thinking

Thinking – an introduction
Thinking types
Strategic thinking skills
How to become a strategic thinker
Strategic thinking tips and traps
Strategic thinking tools and techniques

Analyze the Current State

Current state analysis overview
Determine the business need
Writing a good business need statement
Identify stakeholders
Current State Assessment considerations
Conduct a current state analysis

Define the Future State

Future state overview
Define business goals and objectives
Determine solution scope
Identify constraints
Additional assessment considerations
Determine potential solution value
Define the future state

Assess Risks

Risk analysis overview
Risk analysis and management process
Organizational risk tolerance levels
Risk tips and techniques
Risk response options
Identify risks and create a risk register

Define the Change Strategy

Change strategy overview
Components of a change strategy
Finalize solution scope
Conduct a gap analysis
Assess enterprise readiness
Define a change strategy
Determine a transition approach

Develop a Business Case

Business case overview
Business case components
Common mistakes in building a business case
Present the business case
Develop a mini business case

Evaluate Solution Performance

Solution performance evaluation process
Measure solution performance
Define & analyze solution performance measures
Assess solution and enterprise limitations
Recommend actions to increase solution value

Upcoming Class Dates and Times

Mar 18,19
8:30 AM - 4:30 PM

ENROLL $1,395.00

Weekday Sessions / Guaranteed to Run
Virtual: Online - CST

Oct 14,15
8:30 AM - 4:30 PM