by Business Analysis, A recent cyber-attack resulted in a telecom giant earmarking AUD 140m to cover the data breach loss and caused immense damage to its reputation. According to ACSC Annual Cyber Threat Report, 76,000+ cybercrime reported in Australia during the FY 2021–22 (an increase of nearly 13%). Additionally, Queensland and Victoria reported disproportionately higher rates of cybercrime relative to their population. Due to sharp increase in cybersecurity threats, organisations need to focus on their cyber defence, and it should be a high priority. To have a cyber safe environment ..read more

As a business analyst, our job revolves around understanding the needs and expectations of stakeholders and turning them into actionable requirements. This may seem straightforward enough, but with countless iterations and changes along the way, keeping track of every requirement can be an uphill battle. That’s where requirements traceability comes in. The requirement traceability process allows us to track our requirements’ progress throughout the project, which is an important part of this process. The better we understand how different requirements are related, the more accurate our analysi ..read more

by Business Analysis, As a CIO, or if you are in discussion with your CIO, have you ever asked/or been asked the question – “how successful are we with software initiatives? “ Many would see themselves as above or even on par with the industry average, but when you look at what that average is, being the industry average isn’t exactly a shining light on success. According to The Project Management Institute (PMI) and also the 2020 Standish Chaos Report (new one due out soon) roughly 70% – 75% of software initiatives are not deemed successful. That is, they were either a complete failure or cha ..read more

by Business Analysis, The role of Business Analysts itself emerged when large software companies found it immensely difficult to respond to the needs of the end users. Some four decades back when programmable computers found their way into our lives, their use was still limited to technicians and operators. Bulky codes were written to operate the machines and get the job done. With the advent of personal computers, information systems found their way into our homes and became a commodity. And like every other product available on the shelf, consumers got the power to make or break the product ..read more

by Business Analysis, Britannica defines a government as a political system or group of people that administers and regulates a country or community. Some of the critical responsibilities of a government are building infrastructure facilities for its country/community, maintaining law and order, providing for its members’ well-being and happiness, etc. To fulfil the responsibilities mentioned above, the governments require funds from revenue streams such as personal income tax, company tax, goods and services tax, etc. Since governments pump public money to fund their projects, they must ensur ..read more

by Business Analysis, Thorough analysis and research activities rely on effective information gathering techniques which begins with understanding the underlying context. An efficient method of gathering reliable information and data for this effort can be achieved by the virtue of establishing answers to the below type of questions: • Who – to understand the person or situation it is about • What – for gathering details about what transpired • When – to collect the timeline details • Where – for identifying the location where it occurred • Why – to identify and reason for the development of t ..read more

by Business Analysis, The tourism industry is one of the world’s largest industries with a global economic contribution (direct, indirect, and induced). This industry has experienced steady growth almost every year across the globe. According to UNWTO, international tourist arrivals increased from 528 million in 2005 to 1.19 billion in 2015 and this trend is estimated to exceed 1.8 billion by 2030. In Australia, the tourism sector contributes $152 billion to the economy, supports more than 300,000 businesses, and employs more than 660,000 Australians. Hence, the analysis of tourism d ..read more

by Business Analysis, According to IIBA a stakeholder is defined as a group or individual with a relationship to the change, the need, or the solution. All stakeholders will not have same amount of involvement to a project as their level of interest to a given project and their power within the organization varies. Hence, it is important to identify the expectations of the stakeholders, identify the expectations a BA needs to set for stakeholders and the strategies to manage the expectations to minimize the negative impact from stakeholders. However, this becomes even harder when we need to ma ..read more

by Business Analysis, The importance of cybersecurity has never been greater, even though it has been a hot topic for a while. Small firms and sometimes large firms that experience a cyber-attack tend to shut down because the damage caused to the customer confidence and brand often makes it too difficult for them to recover. The COVID-19 pandemic is affecting businesses and altering how business analysts work; the vast increase in the rate of cyber-crimes factors means that cybersecurity needs to be at the top of the agenda. According to IIBA, 87% of a business analyst’s skills in risk manage ..read more

by Business Analysis, Benefiting from business analysis is about much more than hiring an individual with the title business analyst. Business Analysis is a means in which outcomes are derived, strategy is linked to execution and ideas are realised through to revenue. Exceptional requirements elicitation, analysis, and management enables strategic and initiative outcomes, while poor analysis achieves the opposite. Business Analysis is a service that generates outcomes far greater than those of an individual that produces deliverables. The world has chang ..read more