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Business Analysis Elements include

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).

Feasibility study Economic feasibility can be defined as the process through which information about the proposed project is collected and analyzed to know how to implement it and reduce risks to ensure the project’s profits, and thus know whether this project is a success or a failure compared to the local market and its requirements. ¹

The concept of strategic planning Strategic planning is long-term planning, and this planning takes into account all external and internal variables and identifies all target segments and sectors in addition to methods of competition. ¹ This planning answers the question of where we are going, taking into account the future vision of the organization and the relationships of integration and connection between all aspects of this organization, in addition to the various activities it carries out and the relationship between the organization and its surrounding environment. ¹ This type of planning is considered one of the basic components of strategic management and depends on foresight of the organization's future situation, and then working to prepare for it. ²

The concept of risk management It is the process of identifying, evaluating and controlling threats to an organization's profits and capital. These risks are caused by financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters. Risk management identifies, analyzes and responds to the risk factors that are part of the life of a business. Effective risk management means trying to control future results as much as possible by acting proactively rather than reactively. Therefore, effective risk management reduces the probability of risks occurring and their potential impact.¹, ²

Over the past few years, business analysis has gained great importance as a result of the innovation of advanced tools and techniques that have contributed to creating a qualitative shift in the field of business management, which has benefited by providing the best results and solutions to various establishments and institutions.

The project management technique aims at the origin, skills, knowledge, and experience necessary to achieve the agreed-upon goals It is followed by final outputs within a period of time and a limited budget. The most important thing that project management requires is management that produces the final project within the limited limits. Unlike management, which is a continuum, a project manager must have a wide range of skills, which are often technical, as well as people management skills, and business awareness¹.