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Casey Ayers

To ensure change initiatives generate value for organizations, it’s critical that business analysts be able to evaluate both present and potential solutions. This course focuses on the techniques related to fulfilling this important responsibility.

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To ensure change initiatives generate value for organizations, it’s critical that business analysts be able to evaluate both present and potential solutions. This course focuses on the techniques related to fulfilling this important responsibility.

To ensure change initiatives generate value for organizations, it’s critical that business analysts be able to evaluate both present and potential solutions. In this course, Business Analysis Techniques: Evaluating Solutions, you'll focus on the techniques related to fulfilling this important responsibility. First, you'll learn how benchmarking and metrics set the stage of evaluation efforts. Then, you'll examine how quantitative and qualitative measures can be harnessed to understand solution performance. After that, you'll find out how traceability and accountability relate to solution development, and how sign-off from key stakeholders can be obtained. Finally, you'll discover how a variety of other business analysis techniques might also be effectively leveraged in solution evaluation. When you're finished with this course, you'll be better equipped to judge whether a change initiative is successful, and be more ready to make the changes and revisions necessary to ensure your analysis work results in organizational success.

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What's inside

Syllabus

Course Overview
Creating the Context for Solution Evaluation
Assessing Financial and Qualitative Performance
Maintaining Traceability and Accountability in Solution Development
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Gaining Sign-off on Initiative Success
Leveraging Additional Analysis Techniques to Evaluate Solutions

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Covers solution evaluation techniques, which are vital for organizations to maximize change initiative value
Provides a comprehensive overview of the solution evaluation process, including benchmarking, metrics, quantitative and qualitative measures, traceability, accountability, and sign-off
Suitable for business analysts and professionals seeking to enhance their solution evaluation skills
Taught by Casey Ayers, an experienced professional in the field
Requires a solid understanding of business analysis concepts and practices

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Business Analysis Techniques: Evaluating Solutions with these activities:
Review: Cost-Benefit Analysis: Financial Tools for Decision-Making
Expand your knowledge of cost-benefit analysis by reviewing a comprehensive textbook on the subject.
Show steps
  • Read the book thoroughly, taking notes and highlighting key concepts.
  • Summarize the main arguments and findings of the book.
  • Reflect on how the concepts presented in the book can be applied to your work as a business analyst.
Follow tutorials on cost-benefit analysis
Enhance your understanding of cost-benefit analysis techniques by following guided tutorials.
Browse courses on Cost-Benefit Analysis
Show steps
  • Identify a tutorial or online course on cost-benefit analysis.
  • Follow the instructions and complete the exercises in the tutorial.
  • Apply the techniques to a real-life scenario.
Attend a workshop on financial modeling for business analysts
Advance your skills in financial modeling and gain valuable insights from industry experts by attending a workshop.
Browse courses on Financial Modeling
Show steps
  • Identify a relevant workshop or conference on financial modeling.
  • Register and attend the workshop.
  • Actively participate in discussions and exercises.
  • Connect with other professionals in the field.
Four other activities
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Participate in peer review sessions for financial analysis projects
Gain valuable feedback and improve your financial analysis skills by participating in peer review sessions.
Browse courses on Peer Review
Show steps
  • Find a peer or group of peers who are also working on financial analysis projects.
  • Exchange projects and provide constructive feedback.
  • Incorporate feedback into your own project to improve its accuracy and credibility.
Develop a presentation on the importance of evaluating solutions
Enhance your communication skills and deepen your understanding of solution evaluation by creating a presentation.
Browse courses on Solution Evaluation
Show steps
  • Outline the key points you want to cover in your presentation.
  • Gather research and evidence to support your points.
  • Design slides using clear and concise language.
  • Practice your presentation to ensure it is engaging and informative.
Create a financial feasibility report
Create a financial feasibility report to apply the concepts of financial analysis and planning to a real-world scenario.
Browse courses on Financial Analysis
Show steps
  • Identify the project or initiative for which the report is being created.
  • Gather financial data and assumptions.
  • Analyze the data and make financial projections.
  • Write the report, including an executive summary, financial analysis, and recommendations.
Conduct sensitivity analysis on key financial assumptions
Develop your ability to assess the impact of changing assumptions on financial projections by conducting sensitivity analysis.
Browse courses on Sensitivity Analysis
Show steps
  • Identify the key financial assumptions for a project or initiative.
  • Create a spreadsheet model to track financial projections.
  • Vary the key assumptions and observe the impact on financial outcomes.
  • Draw conclusions and make recommendations based on the results of the sensitivity analysis.

Career center

Learners who complete Business Analysis Techniques: Evaluating Solutions will develop knowledge and skills that may be useful to these careers:
Business Analyst
A Business Analyst evaluates business needs and processes to identify opportunities for improvement. Taking this course, Business Analysis Techniques: Evaluating Solutions, will be highly advantageous because it is dedicated to teaching the techniques related to evaluating solutions. Business Analysts must be able to assess both present and potential solutions to ensure change initiatives generate value. In this course, you will learn how to assess both financial and qualitative performance, gain sign-off on initiative success, lever additional analysis techniques to evaluate solutions, and more. This course will help you build a foundation for a successful career as a Business Analyst.
Data Scientist
A Data Scientist uses data to solve business problems. This course, Business Analysis Techniques: Evaluating Solutions, may be полезным for Data Scientists because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Data Scientists. This course will help you build a foundation for a successful career as a Data Scientist.
Software Engineer
A Software Engineer designs, develops, and tests software systems. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Software Engineers because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Software Engineers. This course will help you build a foundation for a successful career as a Software Engineer.
Data Analyst
A Data Analyst collects, analyzes, and interprets data to help businesses make informed decisions. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Data Analysts because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Data Analysts. This course will help you build a foundation for a successful career as a Data Analyst.
Financial Analyst
A Financial Analyst analyzes financial data to help businesses make informed decisions. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Financial Analysts because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Financial Analysts. This course will help you build a foundation for a successful career as a Financial Analyst.
Operations Analyst
An Operations Analyst analyzes business processes to identify opportunities for improvement. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Operations Analysts because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Operations Analysts. This course will help you build a foundation for a successful career as an Operations Analyst.
Risk Analyst
A Risk Analyst identifies and assesses risks to businesses. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Risk Analysts because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Risk Analysts. This course will help you build a foundation for a successful career as a Risk Analyst.
Product Manager
A Product Manager is responsible for the development and launch of new products. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Product Managers because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Product Managers. This course will help you build a foundation for a successful career as a Product Manager.
Consultant
A Consultant provides advice and guidance to businesses on a variety of topics. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Consultants because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Consultants. This course will help you build a foundation for a successful career as a Consultant.
Technical Writer
A Technical Writer creates and edits technical documentation, such as manuals and reports. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Technical Writers because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Technical Writers. This course will help you build a foundation for a successful career as a Technical Writer.
Market Research Analyst
A Market Research Analyst conducts research to help businesses understand their target market. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Market Research Analysts because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Market Research Analysts. This course will help you build a foundation for a successful career as a Market Research Analyst.
Business Development Manager
A Business Development Manager is responsible for identifying and developing new business opportunities. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Business Development Managers because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Business Development Managers. This course will help you build a foundation for a successful career as a Business Development Manager.
Systems Analyst
A Systems Analyst designs and implements computer systems to meet the needs of businesses. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to Systems Analysts because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Systems Analysts. This course will help you build a foundation for a successful career as a Systems Analyst.
Project Manager
A Project Manager plans and executes projects to achieve specific goals. The course, Business Analysis Techniques: Evaluating Solutions, may be useful to Project Managers because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for Project Managers. This course will help you build a foundation for a successful career as a Project Manager.
User Experience (UX) Designer
A User Experience (UX) Designer designs and evaluates user interfaces for websites and other digital products. This course, Business Analysis Techniques: Evaluating Solutions, may be useful to UX Designers because it teaches techniques related to evaluating solutions. Being able to evaluate solutions is a critical skill for UX Designers. This course will help you build a foundation for a successful career as a UX Designer.

Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Business Analysis Techniques: Evaluating Solutions.
Comprehensive resource for business analysts. It includes a section on solution evaluation, which provides guidance on how to assess the quality, effectiveness, and sustainability of solutions.
Provides a framework for designing value propositions for products and services. It includes a section on measuring value, which provides guidance on how to evaluate the value of different solutions.
Provides a framework for making better business decisions using business analysis techniques. It includes a chapter on evaluating solutions, which provides guidance on how to assess the feasibility, viability, and desirability of different options.
Provides a framework for building and testing new business ideas. It includes a section on measuring progress, which provides guidance on how to evaluate the effectiveness of different solutions.
Provides a framework for creating and sustaining successful growth. It includes a section on disruptive innovation, which provides guidance on how to evaluate the potential impact of new technologies.
Provides an introduction to financial analysis for business analysts. It includes a chapter on evaluating investments, which provides guidance on how to assess the financial viability of different solutions.
Provides a framework for understanding why large companies often fail to innovate. It includes a section on disruptive innovation, which provides guidance on how to evaluate the potential impact of new technologies.
Provides a framework for developing good strategies. It includes a section on evaluating strategies, which provides guidance on how to assess the quality of different solutions.
Provides a framework for building and testing minimum viable products. It includes a section on measuring progress, which provides guidance on how to evaluate the effectiveness of different solutions.
Provides a framework for marketing and selling technology products to mainstream customers. It includes a section on overcoming the chasm, which provides guidance on how to evaluate the challenges of transitioning from early adopters to mainstream customers.
Provides a framework for getting customers for new businesses. It includes a section on measuring traction, which provides guidance on how to evaluate the progress of different solutions.

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