Since the day IIBA® announced launch of BABOK® V3 update, several speculations have been making round about the changes in the newer version. Apart from the major changes which have made BABOK® V3 a tough nut to crack (Read here: What to expect from BABOK® V3!), one point which has broadened the concept of profession is the introduction of Business Analysis Core Concept Model (BACCM). The newer version is being considered to be more insightful and focused than its predecessor. Version V3 is extensively researched and restructured update which has significantly enlarged the scope.
Business Analysis Core Concept Model (BACCM)
Conceived in May 2011, by the Core team for BABOK®, the updated version is seen as the conscious effort by IIBA® and a necessary step in understanding the challenges of the profession. This can be taken as the step towards making the guide an enriching experience for BAs globally. With some deliberate changes and a good quantity of expert professional insights which has gone into the development of a well-researched and potent version of the BABOK® guide, IIBA® has proved its foundation vision to nurture the overall development of Business Analysis profession.
For someone with a basic knowledge about the concepts, the BACCM model might not be as daunting as it may sound. The model defines the universal framework of Business Analysis work areas which are being followed across industries of different organizational structures. The whole model presents about the interdependence of six crucial factors: Needs, Stakeholders, Solutions, Contexts, Value and Changes. All the core concepts are equally necessary and can’t be understood in isolation. The resultant model is a powerful tool which goes a long way in understanding controlled organizational change.
Following are the six points and their explanation:
Needs refer to the list of problems, opportunities, and constraints that promises the potential value for stakeholders. They are the foundation the Business Analysis process. Needs are satisfied with the help of appropriate solutions.
Solutions are the probable product and services that make up the way for solving business problems and challenges via routing the opportunities for same.The process entails implementing changes in the present atmosphere which can be enhancing the operational capability, updation of the technical resources, or increasing the professional excellence of the company.
Value is an important underlying element in the whole process. The probable solution should add value to the organization and the stakeholders. The business of Business Analysis is to deliver the value to the organization.
Stakeholders are the group of people which are directly or indirectly implicated by the outcomes of solutions. They are the starting point as it’s their needs which are being addressed in the process.
Context includes the list of elements which are relevant and have the capacity to affect the outcomes of the changes. Generally it is referred to as the environment in which the changes are planned and executed.
Change is the greatest addition to BABOK® V3. The previous version of the Business Analysis Guide didn’t much emphasized on Change but the current one heavily focuses on the significance of change in preparing the BAs’ and stakeholders’ roles to make the organization more relevant as per the changing environment.
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