Analysis Tasks

The business or systems analyst identifies, researches, collects, and analyzes all required client data and information pertinent to the project. The following tasks are examples of those that are performed by the business or systems analyst:

Documenting executive high-level summary

Estimating value return for each dollar spent

Determining the pay back period of the project, also known as the return on investment (ROI)

Determining the feasibility of the project

Listing all competitive threats and risks

Listing regulatory requirements that could influence the project Determining the estimated number of clients the project will cover or influence

Determining the anticipated growth of the client base after project implementation

Determining a cost estimate for project implementation Predicting operating costs after project implementation Determining the capacity planning needed for any IT hardware or network

There is significant responsibility when assuming the role of business analyst on a project, as the entire project will base many of its finding and conclusions on the analysis that is performed. Initially, the analysts may feel excited or that they are in "emotional overdrive," as they work on defining the purpose of the project, clarify goals, meet the user community for the first time, and many more tasks.

After the brief rush of a project kicking off, many project managers and analysts lose the ability to think "out-of-the-box," often to the detriment of both the client and the project. Clear-cut, yet creative, processes and analyses need to be established in order to complete the work. Today, it is even more critical that both project managers and analysts are creative and are able to package the analysis in such a way that it provides a forecast of future results.

Some caution is extended to analysts and project managers who fabricate results during the analysis phase due to a lack of sufficient data. The only way to provide value to any project is to be truthful, realistic, realistic, and futuristic. The outcome of the analysis clearly indicate the current client status and provide clients with recommendations with new ways to do business. Remember that a poor analysis will eventually result in the failure of a project.

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