Strategic Business Analysis
Strategy analysis provides the focus upon which all other business analyst efforts must align. Shortcutting strategy analysis often results in delivering solutions that are misaligned with the organization’s strategy and the expectations and needs of the business and stakeholders. 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. Participants will learn how to define the business need, analyze the current state, define the future state, and make solution recommendations to move to the future state. They will also learn how to improve their strategic thinking skills and the key activities to be performed in creating a change strategy.
Description
1. Strategy Analysis Overview
- Strategy analysis defined
- Strategy analysis tasks
- Strategy analysis and the project life cycle
- Key competencies needed for strategy analysis
2. Strategic Thinking
- Thinking – an introduction
- Strategic thinking skills
- How to become a strategic thinker
- Strategic thinking tools and techniques
3. Analyze the Current State
- Current state analysis overview
- Determine the business need
- Identify stakeholders
- Conduct a current state analysis
4. Define the Future State
- Future state overview
- Define business goals and objectives
- Determine solution scope
- Identify constraints
- Determine potential solution value
- Define the future state
5. Assess Risks
- Risk analysis and management process
- Organizational risk tolerance levels
- Risk response options
- Identify risks and create a risk register
6. Define the Change Strategy
- Components of a change strategy
- Conduct a gap analysis
- Assess enterprise readiness
- Define a change strategy
- Determine a transition approach
7. Develop a Business Case
- Business case overview
- Common mistakes in building a business case
- Present the business case
- Develop a mini business case
8. 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