Please enable JavaScript.
Coggle requires JavaScript to display documents.
Strategy Analysis - Coggle Diagram
Strategy Analysis
Input
Elicitation Results (unconfirmed)
Elicitation Results (confirmed)
Stakeholder Engagement Approach
Designs (prioritized)
Influences (internal, external)
Requirements (prioritized)
Needs
Core Concept
Solution: Define the scope of a solution as part of developing a change strategy
Stakeholder: Collaborate with stakeholders to understand the business need and to develop a change strategy and future state that will meet those needs
Change: Define the future state and develop a change strategy to achieve the future state
Value: Examine the potential value of the solution to determine if a change is justified
Need: Identify needs within the current state and prioritise needs to determine the desired future state
Context: Consider the context of the enterprise in developing a change strategy
Intro
Ongoing activity, needs to be performed once a business need is identified
Focuses on need + solution scope
Focuses in defining the future and transition states needed to address the business need
Business analysis work that BA performs to work with stakeholders to identify a need of strategic or tactical importance, enable enterprise to address that need and align the resulting strategy for the change with higher and lower level strategies
Defines the most effective way to apply the capabilities of an enterprise in order to reach a desired set of goals and objectives
(4) Define Change Strategy
Input
Future State Description
Risk Analysis Results
Current State Description
Stakeholder Engagement Approach
Output
Change Strategy
Solution Scope
Description: Describes the nature of the change. May be presented as part of a business case, SOW, strategic plan. Lays out context, justification, resources, how, stakeholder, transition plan, etc
Elements
Enterprise readiness assessment
Change strategy (high-level plan of key activities and events)
Consider organisational readiness
Consider costs and investment
Consider timelines to make changes and to realise value
Consider opportunity costs of the change strategy
Consider alignment to the business objectives
Gap analysis
Transition states and release planning
BA facilitates release planning discussion to help stakeholders reach decisions, to ensure minimal disruption to business activities
Solution scope
Purpose: Develop and assess alternative approaches to the change, and then select the recommended approach
(1) Analyze Current State
Input: Needs + Elicitation Results (confirmed)
Output: Current State Description + Business Requirements
Description: BA understands what may influence proposed changes, boundaries of the current state scope (that is not static)
Elements
Technology and Infrastructure (describes the enterprise's environment with respect to physical components and capabilities)
Policies (defines the scope of decision making at different levels of an enterprise) -> describes routine ops rather than strategic change
Capabilities and Processes
Describe the activities enterprise performs
BA may use
Capability-centric view (when enterprise looks for innovative solutions that combine existing capabilities to produce a new outcome) -> capabilities are organised in a functional hierarchy, easier to identify gaps
Process-centric view (when enterprise looks for ways to improve the performance of current activities) -> processes are organised in an end-to-end fashion across enterprise, easier to ensure that a change does in fact increase performance
Business Architecture (makes sure that no part of the current state should be assessed in complete isolation from the rest, and that all elements of the current state fit together, and that needs that are previously met in the business architecture are continue to be met)
Organizational Structure and Culture
Define formal relationship between people in the enterprise
BA performs cultural assessment
Identify if cultural changes are required
Identify whether stakeholders understand the rationale for the current state and existing value
Ascertain whether stakeholders view the current state as satisfactory or if change is needed
Internal Assets
Tangible (financial resources, patents)
Intangible (reputation, brand names)
Business Needs: Problems and opportunities faced by enterprise, always expressed from the enterprise perspective not particular stakeholder, expressed with a presumed solutions
From the bottom-up: A problem with the current state
From middle management: A manager needs additional information to make decisions or must perform additional functions to meet business objectives
From the top-down: A strategic goals need to be achieved
From external drivers: Customer demand or business competition in the market
External Influencers (external to enterprise, do not participate in a change but influence it)
Suppliers
Political and Regulatory Environment
Customers
Technology
Competitors
Macroeconomic Factors
Industry Structure
Purpose: Understand why an enterprise needs to change and what the impact is
(2) Define Future State
Input: Business Requirements
Output: Business Objectives + Future State Description + Potential Value
Description: BA makes sure that success is well defined, achievable and stakeholders have a shared consensus vision of the outcome
Elements
Technology and Infrastructure
Policies
Capabilities and Processes
Business Architecture
Organisational Structure and Culture
Insights into potential conflicts, impacts and limits
Internal Assets
Constraints
Aspects that might not be changed by the solution
Identify Assumptions
Scope of Solution Space
Quantitative and qualitative value, time needed to achieve future state, opportunity cost
Potential Value
The net benefit of the solution after operating costs are accounted for
BA considers new technologies or knowledge
BA considers potential loss of a competitor in the market
BA considers unknown strengths of new partner
BA considers mandated adoption of a change component
BA considers external opportunities revealed in assessing external influencers
Business Goals and Objectives
Specific, Measurable, Achievable, Relevant, Time-bounded
Purpose: Determine the set of necessary conditions to meet the business need
(3) Assess Risks
Input
Designs (prioritized)
Requirements (prioritized)
Elicitation results (confirmed)
Business objectives
Influences (internal and external)
Potential value
Output
Risk Analysis Results
Description: BA analyse and manage risks.
Likelihood of the risk
Potential time frame when the risk might occur
Impact of those consequences
Possible consequences if the risk occurs
Purpose: Understand the undesirable consequences of internal and external forces on the enterprise during a transition to or once in the future state
Elements
Negative Impact to Value
Risk Tolerance
Neutrality (focus: does not result in a loss)
Risk seeking (interested in higher returns)
Risk aversion (not interested in uncertainty)
Constraints, Assumptions, and Dependencies
Recommendation
Seek out ways to increase the benefits of a change to outweigh the risk
Identify ways to manage and optimize opportunities
Pursue the benefits of a change while investing in reducing risk
Do not pursue the benefits of a change
Pursue the benefits of a change regardless of the risk
Unknowns
Try to estimate the impact of unknown. Could be via historical data.
Output
Business Objectives + Future State Description + Potential Value
Risk Analysis Results
Current State Description + Business Requirements
Change Strategy + Solution Scope