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39% of project failures are due to poor business analysis.

Are you struggling to hire an experienced business analyst who can start working with your stakeholders?

Are you worried about the competencies of the business analyst?

Are you worried about what happens when your business analysts leave your organization for greener pastures?

       

According to the PMI Pulse of the Profession® report, inaccurate requirements (which is a result of poor or missing business analysis process) is the second leading cause of project failure (39%), the first reason being changes in an organization's priorities (41%). Access the report here.

Contribution of business analysis to Org. Success

PMI conducted a research study with 730 professionals with average experience level of 9+ years. The respondents classified their organization’s BA practice as “Low Maturity” and “High Maturity”. Organization’s which reported high business analysis maturity consistently performed 20% points better in the aspects of financial performance, strategy implementation, organizational agility, and project success.

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In a recent LinkedIn survey carried out by Adaptive US in 2022, 45% of CIOs and senior IT professionals attributed lack of business analysis capabilities as the primary reason for most of the project failures.

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Why Business Analyst As A Service?

An experienced business analyst won't come cheap. This is a big financial commitment for a growing company.

But, what if you knew there was an alternative that could bring to the table a team of business analysis experts with experience in your industry for about half the cost of hiring a full-time business analyst? Intrigued?

So, what is Business Analyst as a Service, after all? In contracting with Business Analyst as a Service, you'll gain all the expertise you need while avoiding the search and training time required to bring on that one perfect business analyst for your business.

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Where Are You Struggling?

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Before jumping headlong into a solution, let's take a few minutes to evaluate the issues you feel are holding your progress back. Generally, the frustrations boards and CEOs feel about the financial structure of their companies fall into these broad categories:

  • Hiring, retaining, and re-hiring business analysts: Do you have adequate business analysis capabilities to take advantage of technological progress? Companies that take benefit of technological progress advance to greater heights, those which don’t, are mostly killed by competition.
    Hiring, retaining, and re-hiring business analysts is pretty expensive affair for small and growing businesses.

  • Project delays and poor outcomes: Let's face it, small businesses often don’t have a business analyst. As a result, the CEO carries the business analysis responsibilities. Often the CEO lacks the bandwidth to guide the project team, and the product quality and delivery suffer.

  • Lack of strategic inputs: Practical interpretation and guidance on how best to leverage IT is invaluable in driving strategy formulation and evolution. Without it, you're acting recklessly or impulsively. You have too much riding on your strategy to not depend on sound data. Simply put - You can't know where you are going without knowing where you have been. Hence, knowing where you have been and how you got to where you are now creates a guidepost for getting to where you want to go next. In other words, your business analysis leadership should tell you - on a segmented basis - what has succeeded and failed and help you use that information to develop and refine your strategy.

If you see your business/company with any or all of these issues, you know it's time to take action to get your house in order. Not only won't you be able to grow your company without addressing these issues, you could slide backwards and ultimately fail as a business.

Life With A Business Analyst Service

Reminiscing over these issues that have brought you to this point, hiring a business analyst offers you a great opportunity to achieve your growth goals and do so quickly and more economically.

Consider:

  • A business analyst service will work with your stakeholders in a continual basis specific to your business and your current needs. The business analyst service will understand your business and industry and help design effective solutions, allowing you to fully understand the current status of your business and its future.
  • A business analyst service will oversee your current projects to ensure all projects are working on requirements valuable to the business. The business analyst service also will ensure you are using the correct and most up-to-date technologies to best operate your business. While a business analyst service will not directly oversee your IT department, it will work with that function to put in the proper software needs for your business.

  • A business analyst service will generate an application roadmap to give you the toolset to hold your team accountable for hitting your goals as well as the best project information possible to make strategic decisions about your company's future. These projections can also include "what if" scenarios so you can truly be a future-driven CEO and quantifiably compare the potential impact of key decisions before taking a leap on that next investment. 

To illustrate the responsibilities of a business analyst service, assume this is how we group offerings at Adaptive US:

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The Faces Of A Business Analyst Service

Business analyst services come in various styles, so it's important to find one that is familiar with and suitable for your business. These are some of the kinds of business analyst services you can explore:

  • Consultants: These normally are experienced business analysts who will provide short-term work with your company to set up certain procedures and reporting. They also may serve as an interim business analyst for a certain project or while you are going through a transition.

  • Virtual business analysts: These agencies offer a more long-term solution to your financial management needs. The agency oversees your financial staff but is not on-location. Nor is it involved in the day-to-day corporate management of your company.

  • Single Source business analysts: This is a one-person operation that provides business analyst services for multiple clients. Making sure this individual is familiar with your specific industry and has the capacity to meet your (or another clients’) needs if you have an urgent, all-in project is crucial.

  • Staffing Firms: These are more general companies providing you with whomever they have available, which might not be suitable for your particular domain/industry. 

  • Business analyst Consortiums: These are networks that provide business analyst consultation services on a regional or nationwide basis.

Our Consultants

Laura Paton, CBAP

Laura Paton, CBAP

Chairperson PMI PBA Authoring Team. Former Head - Product Development - IIBA. 32+ Years as BA and PM.

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LN Mishra CBAP

Mentor to 1250+ IIBA Certified Business Analysts. 25+ years of BA experience.

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Victoria Cupet CBAP

Former Regional Director, IIBA Europe and Africa.  25+ years of BA experience.

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Lora McCoy CBAP

Former Regional Director, IIBA Central Americas. Former President – IIBA Oklahoma Chapter. 22+ years of BA experience

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Tom Tomasovic, CBDA, CPOA

Agile BA Practitioner, CPRE Certified. B.S. Chemical Engineering – Massachusetts Institute of Technology. 26+ years of BA experience

Advantages Of A Business Analyst Service

A business analyst service offers numerous advantages compared to a full-time business analyst. Specifically:
  • You can Act Now: Gain strategic input/perspective and world-class BA competencies before you can afford a business analyst on a full-time basis.

  • Expertise Expands with Your Needs: Expand the scope and level of sophistication depending on your need while maintaining the continuity that comes with working along trusted resources over the long term.

  • All Skills & Experience Covered: It is impossible for a single person to have every skill or experience you will require over time. But with a service, you benefit beyond the experience of a single person as it can tap others in their organization to compensate for deficiencies in skill or experience. 

  • No Geographic Limitations: You won't have to experience the geographical limitations of finding someone in your area or someone willing to move into your location as you can engage a service outside your region. 

  • Save Big-Time Cash: Prolong the requirement to hire a full-time in-house business analyst as long as possible, saving funds along the way without compromising on financial leadership.

  • Much More: Eliminate all of the struggles listed earlier, along with your list of pain points currently gnawing at you.