Business Analysis Certification

Business Analysis Certification

Business analysis certification and Business analysis is important for the company to gain financial strength in the market.Business analysts are a valuable tool for any business. By analyzing the business the organization enhance their tactical and technical skills because they become aware of the market scenario and their position in the market.

. They help companies make viable changes to improve their organization and achieve their goals. They reduce company costs through increasing its ROI and lowering project costs.

 

So What is Business Analysis?

Business Analysis is a practice of enabling a change in enterprise by defining needs and recommending solutions that deliver value to the stakeholders.

 

What do you do in Business Analysis?

Business Analysis is the Application of knowledge, skills, tools and techniques to:

  1. Determine problems and identify business needs.
  2. Identify and recommend viable solutions for meeting those needs. 3. Elicit, document and manage requirements in order to meet business and project objectives. 4. Facilitate the successful implementation of the product, service, or end result of the program or project.

 

 

 

 

Business analysts are agents of change, as they introduce, manage, and facilitate the necessary changes to your business model. They also serve as a communication channel between stakeholders and a project team.

How does business analyst benefit the organisation

 

  • Increased ROI– Business analysts increase the benefit achieved through an investment, as well as reduce the cost to implement it, which ultimately increases your ROI. They lower costs by finding more cost-efficient solutions. They increase the benefits by determining new needs within the organization, prioritizing those needs by value, and making necessary changes.
  • Successful Projects– A business analyst is a critical component of a project. Having a strong business analyst could save a project from failure. While the project manager oversees a project and keeps it on track, a business analyst makes sure the project manager leads the right project. The business analyst identifies which projects will best achieve the organization’s objectives.
  • Lower Costs– A large part of a business analyst’s job is to reduce company costs. The business analyst reduces project rework, underutilized functionality and requirements churn. They also identify and implement more cost-effective solutions.
  • Collaboration with Stakeholders–A significant portion of project spending is wasted on rework caused by errors in requirements. By collaborating with stakeholders, business analysts reduce the rework on your projects. They determine the complete and correct business requirements at the start of the project so that the steps can be implemented properly throughout the project.

 

 

Why should you be a business analyst

  1. Recognition of professional competence

Owing to the competency and expertise in the principles of business analysis and project management, the acknowledgement and recognition accumulated by an analyst is respectably high. They are valued for their services in managing the projects and assisting the smooth operation of the various operations.

  1. Handsome remuneration

Business Analysts are respectably compensated based on their level of experience, skills and capabilities and it’s a lucrative career considering the average salaries of Analysts around the globe.

An IT Business Analyst makes close to $55k per-annum on an average which increase based on the years of experience and performing industry. We have a detailed post covering the salaries of Business Analyst at various experience level here.

 

Business analyst’s career is rife with a fair share of challenges but the recognition and job satisfaction is also equally high. It’s a demanding career with myriad options for exposure and career progression.

  1. Opportunity to liaise and network

A Business Analyst is expected to collaborate with almost every stakeholder of the project, be it the Project Team (Project manager, Project development team, testing team), Client (Primary stakeholders, end users), Finance or even the Procurement team and not to forget the Higher Management (President, Directors and Delivery/Program Managers) and vendors.

 

  1. A fast paced career

Given the roles and responsibilities of a Business analyst, he/she has to manage various areas of a project while being highly flexible and approachable. No doubt, Business Analysts are one of the most sought after professionals in any Organization.

 

Business Analysts are often working on multiple things at the same time and their work is far from ‘sitting in a chair all day’!

 

  1. Opportunity to see the bigger picture

Almost everybody irrespective of the domain or the organization they work for, will wish to see their visible contribution and their relative position in the bigger scheme of things. But, owing to professional limitations this is not possible for all job titles and Business Analysts are the fortunate few who are able to grasp the broad view of a project. They are a part of a project right from the pre-sales phase and continue to be a part till the project closure and in midst they understand project bidding, client correspondence, team dynamics, change management, procurement process and are usually considered the face of a project (after the project manager).

 

 

Improved interpersonal skills

Business Analysts in their pursuit to become a bridge between business and technology are exposed to plethora of circumstances and thus they get to learn and develop a lot of soft skills underway. These include but no way limited to critical observation, conflict and ambiguity resolution, process management and improvement expertise, string work ethics, decision making, creativity and delegation skills. Moreover, business analyst are very vocal and they are expected to modulate their conversation based on whom they are speaking to and hence get a strong grasp over communication and articulation skills.

All these skills are highly sought after in managerial positions and help an analyst prepare for more responsible and demanding roles.

 

 

How do you perform Business Analysis?

 

Requirements have always been a concern in project management. The focus and importance of requirements work have continued to gain more attention in the industry. Business requirements are critical activities that must be performed to meet the organizational objectives.

The tasks of business analysis refine the broad definition into specific information by:

  1. Facilitating the identification of problems or opportunity.
  2. Understanding the business environmental context and constraints.
  3. Analyzing Requirements.
  4. Verifying Requirements.
  5. Evaluating Solutions.

 

What is the skill set of a Business Analyst?

Business analyst plays a role in aligning the designed and delivered solutions with the needs of stakeholders. The activities that business analyst performs include: • Understanding enterprise problems and goals. • Analyzing needs and solutions. • Devising strategies. • Driving change. • Facilitating stakeholder collaboration

Anyone performing business analysis activities on programs and projects should have: 1. Analytical skills 2. Business and industry knowledge 3. Communication skills including strong business writing and verbal communication skills 4. Conflict management skills 5. Creative and critical thinking 6. Cultural awareness 7. Decision making 8. Facilitation 9. Issue management skills 10. Leadership skills 11. Learning skills 12. Negotiation skills 13. Organizational skills

  1. Problem solving 15. Ability to work in a team environment including virtual teams 16. Technical Awareness 17. Systems thinking 18. Presentation skills 19. Political awareness 20. Familiarity with multiple project and development methodologies

Who does Business Analysis?

Business Analyst is a person who performs business analysis tasks in the context of programs and projects. Common job titles for people who perform business analysis include:

  • Business Architect
  • Business Systems Analyst • Data Analyst • Enterprise Analyst • Management Consultant • Process Analyst • Product Manager • Requirements Engineer • Systems Analyst

 

How do you become a business analyst.  TO become a business analyst you can get the business analysis certification from 2 different bodies either the

  1. The International Institute of business Analysis. (IIBA) OR
  2. Project management Institute (PMI)

 

To earn the International institute of Business analysis certification which is popularly called CBAP(certified business analysis professional) or CCBA(Certificate of  capability in Business analysis) designation. Lets discus the both CBAP and CCBA

CBAP is the first level of the IIBA business analysis certification,

  • To qualify for Cbap certification, you’ll need a minimum of 7,500 hours of business analyst work experience in the past 10 years,

 

  • The business analysis certification also requires a minimum of 35 hours professional development training which I recommend JK Michaels
  • Application fee:$125
  • Exam fee:$325 for members, $450 for non-members
  • Retake fee:$250 for members, $375 for non-members
  • Renewal fee:$85 for members, $120 for non-members
  • The CBAP exam is 3.5 hours long and includes 120 multiple-choice questions that are based off case studies..
  • Business Analysis Planning and Monitoring.
  • Enterprise Analysis.
  • Requirements Analysis.
  • Solution Assessment and Validation.
  • Requirements Management and Communication.
  • Underlying Competencies.

After you pass, you’ll need to report at least 60 hours of continuing development units every three years

 

Certificate of  capability in Business analysis (CCBA) is the Level 2 of the IIBA business analysis  certification, the CCBA certification requires a minimum 3,750 hours of business analytics work aligned with the IIBA’s Business Analysis Book of Knowledge (BABOK) guide in the past 7 years, The certification also requires a minimum of 21 hours professional development training  which I also strongly recommend JK Michaels

The CCBA exam consists of 130 multiple-choice questions that are scenario-based and require some analysis. It covers fundamentals, underlying competencies, key concepts, techniques and all six knowledge areas covered in the BABOK.

  • Application fee:$125
  • Exam fee:$325 for members, $450 for non-members
  • Retake fee:$250 for members, $375 for non-members
  • Renewal fee:$85 for members, $120 for non-members

 

 

TO earn the Project Management Institute business analysis certification called – Professional in Business Analysis usually called PMI-PBA

 

Pre-requisites PMI PBA business Analysis Certification

  • Secondary degree (high school diploma, associate’s degree
    • 7,500 hours of non-overlapping business analysis experience – (5 years working as a Business Analysis practitioner. This experience must have been earned in the last 8 years.)
    • 35 contact hours of business analysis education

OR

  • Bachelor’s degree or the global equivalent
    • 4,500 hours of non-overlapping business analysis experience – (3 years working as a Business Analysis practitioner. This experience must have been earned in the last 8 years.)
    • 35 contact hours of business analysis education

Price

  • Membership fee: $139
  • Exam fee for Member: $405
  • Exam fee for Non-member: $555

 

The PMI PBA exam consists of 200 multiple-choice questions that are scenario-based

You’ll be tested on the following domain:

  • Needs Assessment (18%)
  • Planning (22%)
  • Analysis (35%)
  • Traceability and Monitoring (15%)
  • Evaluation (10%)

The  IIBA CBAP/ccba or the Pmi PBA certifications are the well known bodies in the world of business analysis certification. TO know which on to choose in the right order please contact us at JK Michaels and speak with a coach. We would help guide you through your career transformation.

JK Michaels is the best business analysis certification training institute in Nigeria,where business analyst will gain practical application of business analysis tools to real world situation .

Becoming certified as a business analysis (BA) expert can move your career in a fresh direction while opportunities for BAs are on the rise in different countries.

Lets help you start the journey today.

See you soon.

 

.