Task

The reason this technique is used

Plan the business analysis approach

To assess how different business analysis approaches can affect the value delivered. For example, one approach may cost a lot more to execute and the additional value delivered by using this approach may not be justifiable. 

Prioritize the requirements

To assess the value of the requirements and how the timing (and sequence) of delivery might affect that value.

Assess the requirement changes

To estimate the financial impact of making a particular change.

Analyze the current state

To get an understanding of the profitability of the current state as well as whether there is enough financial capability to make the proposed changes.

Define the future state

To estimate the expected financial benefits of a proposed future state.

Assess the risks

To consider what impact the risks of the potential effects could have on the financial value of an initiative.

Define the change strategy

To value and the return on investment for the different change strategies that are considered.

Validate the requirements

To define the financial benefits associated with the requirements.

Analyze the potential value and recommend a solution

To analyze the financial return of different options and to be able to choose the option with the best return on investment.

Recommend actions to increase the solution value

To assess and analyze the financial costs and benefits associated with a considered change.