Business Analysis Techniques

The main goal of the business analyst is to investigate and explore the current trends and the rising issues relevant to the business of the organization or the product itself. The data, be it gathered for the requirement analysis or for the enterprise analysis has to go through the variety of processes so that the final result churned gives the exact picture of the business / requirement.

1. PESTLE
The PESTLE technique is majorly used in the Company or the Enterprise analysis. PESTLE includes Political, Economical, Social, Technological and Environmental analysis. This technique is important as the growing importance of the environmental and ecological factors are effecting the growth of the company.
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2. HEPTALYSIS
Success is about the wise investments and thus the successful investment requires impartiality, consistency as well as the superior judgment and insight. Heptalysis actually is the modeling concept that discusses the fundamental elements of the business ventures and suggests the ways to systemize the screening and the assessment process.
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3. MOST
This analysis helps the company to clarify their MISSION, OBJECTIVES, STRATEGIES and TACTICS. This is the process of external strategies and planning which helps the companies to avoid the traps and keeps the business moving forward. 
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4. SWOT
The SWOT analysis is the strategic and planning method which is used to evaluate the STRENGTH, WEAKNESSES, OPPORTUNITIES and THREATS involved in project and ventures that the company is putting capital into. 
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5. CATWOE
The CATWOE analysis refers to a methodology where the analysts prepare rigorous and comprehensive analytical report to solve the problems. These reports are based on multiple perceptions on a single scenario. 
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6. DE BONO’S SIX THINKING HATS
This is the form of the analysis where a parallel thinking is done based of the arguments so that the analyst’s thought processes are guided in one direction and there is an effective analysis of the issues, ideas and even the decisions that have been or will be taken.
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7. FIVE WHY’S
This form of analysis is based on the Japanese philosophy, in which the questions are asked repeatedly in order to find the solution of the same. The procedure involves the process analysis that makes sure that all the aspects of the past and future are studied and not just the present.
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8. MOSCOW (MoSCoW)
This methodology allows the analyst to get on the common platform with the stake holders and understand what they need when they are discussing their requirements.
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9. VPEC-T
This type of analysis is done using thinking framework comprising mental filters and guides. This analysis refers to the interaction between the agents and the stake holders analyzing the expectations of the different parties and understanding what are the common interests, what the responsibilities are what the expectations are and what the priorities are. 
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