Steps in business analysis

Definition of Business Analysis:

The concept of business analysis can be defined in various ways. Here are a few definitions:

Firstly, it involves bringing about change within an organization by identifying the company's needs and providing recommendations for solutions to its problems, benefiting all stakeholders within the organization (according to the International Institute of Business Analysis, IIBA methodology).

Secondly, it is the application of knowledge, skills, and tools to achieve the following:

Identifying problems and opportunities.

Determining business needs and proposing possible solutions.

Extracting, analyzing, and documenting requirements.

Identifying the benefits of the business and how to achieve them.

(according to the Project Management Institute, PMI methodology.)