Business Analysis Key Concepts

#BACCM #Change #Context #Value #Need #Stakeholder

The Business Analysis Core Concept Model™ (BACCM™) is a conceptual framework for business analysis. It encompasses what business analysis is and what it means to those performing business analysis tasks regardless of perspective, industry, methodology, or level in the organization. It is composed of six terms that have a common meaning to all business analysts and helps them discuss both business analysis and its relationships with common terminology. Each of these terms is considered a core concept.

The BACCM can be used to:

• describe the profession and domain of business analysis,

• communicate about business analysis with a common terminology,

• evaluate the relationships of key concepts in business analysis,

• perform better business analysis by holistically evaluating the relationships among these six concepts, and

• evaluate the impact of these concepts and relationships at any point during a work effort in order to establish both a foundation and a path forward.

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The Story

In your daily life, you might confront some Changes which requires you to consider carefully. Let me tell you a story of my decision to buy a new car which can be used for our family trip, and maybe cannot replace my commute with the current motorbike of mine.

In order to understand the Context, I would describe the type of car and its functionalities so that I can decide which one to buy. Values it brings would be conveniency & comfortability for my family members. Everyone seems to view the possession of a new car is a real Need which can benefit them a lot more than just family trips.

Everyone here is my wife, my two kids, and my friends who support me in the decision-making process. Those we can call Stakeholders.

After analyzing the situation from different angles, I realized that buying a new car would be a good investment in the long run. The car would not only provide comfort and convenience for family trips, but it would also save time and money on my daily commute. I started researching different car models, taking into consideration their features, price, and reliability.

As a business analyst, I applied the BACCM model to evaluate the impact of my decision on my family's needs, the context of my daily life, and the value it would bring. By involving my stakeholders in the decision-making process, I was able to gather valuable insights and ensure that the decision aligned with their needs and expectations.

In the end, I bought a car that met all our need and exceeded our expectations. It was a successful application of business analysis principles to a real-life situation.