Business Analysis Services
Let's imagine someone named John. John has a brilliant idea to develop a new generation app that will change the world's perception of digital products. John successfully pitched investors, hired a development team, gave them the idea and features list, and finished the MVP in six months.
What If You Skip Business Analysis?
What risks could there be without a business analyst on the development team?
- John Gets A Result That Totally Differs From The Initial Idea
- Customers Don’t Understand The Product
- All Stakeholders Were Not Heard, So His Crew Struggles With Internal Conflicts
- Developers Assure John That Everything He Said/Wrote Was Made
- Some Essential Features For The Successful And Thrilling Launch Are Missing
- Huge Costs Were Spent Without The Actual Desired Product
- John Is Frustrated And Wants To Switch To Another Vendor, Fearing The Next Meeting With His Sponsors And Investors
Who Is A Business Analyst?
A business analyst isn’t just another hired person. It’s a partner who works directly for you, thinking about your business and product first.
In Primalcom, our business analysts constantly consider these risks and are willing to ensure your product brings the most value derived from your great ideas.
If you aim to boost your company and achieve your business goals, enhance a unique selling proposition, eliminate possible risks, choose the right technology stack and many more, you should consider business analysis services.
Why Our Customers Care About Business Analysis
161%
increase in the average on-time delivery
95%
improvement in the average on-budget performance
75%
more projects deliver the right functionality for the business
Benefits Of Business Analysis Services
Our experts conduct a detailed analysis of all collected data, including market research and the user and competitors examination. We prepare the necessary reports to give you proof-based potential solutions.
Organization
- Clarify organizational needs
- Simplify business processes and increase the efficiency of your organization
- Reduce costs
- Improve strategy and decision-making processes
- Identify the market status of the business
Project
- Define project characteristics
- Elicit and prioritize project requirements
- Derive detailed description of tasks
- Create a communication bridge between different stakeholders
- Receive structured project documentation
Product
- Extract the most value from your ideas into products
- Cultivate customer intimacy
- Provide effective delivery through road mapping according to your growth needs
- Find out the user journey that fits your customers
- Nurture creativity, innovation, and collaboration
Our Business Analysis Services
Your business needs and goals define the toolkit for your business analysis services.
The whole process of business analysis may be divided into three main branches:
Initial stages
- Planning
- Identifying main challenges
- Evaluating possible solutions
- Highlighting demands
- Determining goals and objectives
Run through all project stages
- Choosing the most viable solutions
- Ensuring expectations are met
- Expounding essentials
- Converting requirements into tasks
Business aspects
- Organizing management
- Searching for enriching opportunities
- Tailoring the high-efficient process
- Looking for weaknesses and worthless elements
Primalcom Offers The Next BA Services
- Company, Market, And Competitor Analysis
- Demands And Tech Requirements Outlining And Management
- Needs Analysis And Documentation
- Business/System Processes Analysis And Modeling (BPMN, IDEF, UML, Value
Stream Mapping, And Many More) - Data Analysis And Modeling
- Communication With Stakeholders
- Company Audit And Risk Assessment
- System Requirement Specification (SRS) Development
- Evaluation Of Project Scope And Expenses
- Possible Solutions For Verifying And Validation
- Roadmap For Implementing The Recommendations
Our Industry Expertise
Primalcom is an experienced business analysis services company. Our certified team of experts has completed 100+ projects on time and within budget in different domains for dynamic businesses in FinTech, retail, etc., and with startups Y Combinator and Techstars on Series A to D funding rounds. We provide business analyst services to our clients to ensure our partners’ success. Our focus:
FinTech
Real Estate
Retail
We Provide Business Analysis As A Service For
Every company, despite its size or time in the market, has issues with excessive budgets, money wasting, and incorrect cost estimation. If you want to have a meeting about expectations and realities, you need to organize an effective requirements process. The road is hard and long yet easier with the help of business analysis. Primalcom provides business analysis services for different enterprises in all fields, regardless of size or company type. We work with startups and market-established companies to help our clients reach their goals and achieve top-notch results.
Primalcom believes in partnerships, so we strive to develop them to grow with our customers. That is why our business analysts will closely collaborate with you, as our client, and your internal customers as end users of your products and services to reach the established goals.
- Goals And Objectives
- Task And Processes
- Tools And Technologies
- Processes And Capabilities
- People
- Innovations
- C-Level Partners
- Company Directors
- Project Managers
- Product Owners And Managers
- Solution Architects
- Development Team
- Testing Team
- Marketing Team
- Legal Experts
- And Many Other Of Your Employees.
Process Of Business Analysis
What’s your input? A rack of documents? A messenger history? Professional design files or wireframes that were drawn on a piece of paper? A ready business case documentation or just a pitch deck? We will use anything that is helpful and explains your domain, central concepts, and market position and turn them into business requirements.
Business goals and objectives guide any change strategy and identify potential values the business will generate. We are ready to assist you at any stage of your project; even if you don’t have a business model, we can help you define it from scratch, so you won’t tailor the business for
a product but create a product that builds business.
Before recommending the best solution, whether a product, capability, or process, business analysis professionals need to estimate the potential value for each option and establish the most appropriate to meet the requirements of the enterprise. Besides describing all possibilities and consequences, we will write a business case document, so the decision-making process will be easy and smooth.
To implement your goals, a project plan to deliver requirements is needed. All existing business analysis tasks at this stage and those added later will be added to this roadmap. We will help you prioritize your requirements, helping you understand the cost/benefit, dependency, stability, time sensitivity, and other factors that impact the particular requirement.
The Business Requirements Document (BRD) is anchored to the business perspective. It contains all data about business solutions for a certain project.
This stage is concentrated on configuring your system and software according to the particular conditions of use. Also, we will carefully guide you through the testing process and provide continuous support.
Here, we will analyze performance reports, user stories, and trends, conduct ROI analysis, and many more, as well as evaluate all potential enhancements of an existing product or new project.
Our Workflow
01. Discover
Choose solution
- Market analysis
- Competitors analysis
- Solution vision and scope document
- Feasibility study
02. Concept
Design solution
- Product roadmap
- Business case
- SRS
- Business process definition
03. Develop And Test
Engineer solution
- User stories detalization
- Backlog prioritization
- Ongoing development team support
- QA/QC testing
- Analysis of the software output, behavior, and functions
04. Launch And Support
Introduce solution
- Product launch plan
- Product presentation
- Performance acceptance
- Continuous 24/7 maintenance support
Main Techniques We Use
User stories often start the same as use cases, each describing a way to use the system centered around a goal written from the perspective of a user and uses the natural language of the business but does not tell the whole story.
Functional decomposition is the process of resolving a functional relationship into its constituent parts so that the original function can be reconstructed (i.e., recomposed) from those parts by function composition.
This activity helps to understand not only the functions of the software to develop but how well it should perform at different stages of the growing business. It may also be used to automate and improve business processes.
Non-functional requirements analysis inspects the system features like performance, reliability and security, usability, scalability, and maintainability. This helps discover solutions to determine the desirable level of the system requirements’ performance. That allows defining the standards of systems operations, not only exact functions.
User story and user journey maps are augmented things that explain your product or services from different perspectives. A user journey map describes how customers behave to achieve a goal and what they think or feel. It helps connect your team with the customer, clarifying touchpoints, possibilities to improve the user journey, or what problems they are struggling with. A user story map details the steps undertaken with the product. It helps discuss and implement functions and solve issues discovered during user journey mapping.
DFDs allow you to analyze how information is processed through your system or certain operations. You receive knowledge about outcomes and intakes about each stage and structure as a whole
Backlog management is the process by which the product owner (often in collaboration with others) adds, adjusts, grooms, and prioritizes backlog items within the backlog to make sure the most valuable product is shipped to customers. An oversized product backlog is a problem.
The MOSCOW method is a prioritization technique used in management and business analysis to reach a common understanding with stakeholders on the importance they place on delivering each requirement. It is also known as MOSCOW prioritization or MOSCOW analysis.
The interview technique allows eliciting information from a person or group of people through a conversation with an interviewee through questions and documented responses.
Brainstorming targets creative thinking about a problem to come up with a set of new ideas, options, and approaches. The approach taken to brainstorming is twofold: a creative and wide- open idea generation session followed by idea reduction activities.
Requirements workshops are structured meetings where a select group of stakeholders works together to define or refine a set of project requirements. During a requirements workshop, specific requirements may also be presented to make everyone familiar with the solution scope and current requirements.
Decision analysis allows the business analyst to examine and model the consequences of different decisions before actually making or
recommending a particular one. The business analyst’s goal is to make or recommend a well- informed decision. This is typically done using some form of mathematical modeling to assess possible outcomes. In many cases, decision analysis involves very complex models created using sophisticated software applications.
Root Cause Analysis is a careful examination of a particular situation to discern the underlying reasons for a specific problem or variance. The Business Analysis Body of Knowledge (BABOK) defines this as a “structured examination of the aspects of a situation to establish the root causes and resulting effects of the problem.” Depending upon the rigorousness of the examination conducted, it is possible to identify several layers of symptoms before reaching the underlying cause or causes of a particular situation.
Metrics/KPIs are high-level snapshots of an organization or a business process based on specific predefined measures. KPIs are typically captured and conveyed in a combination of reports, spreadsheets, or charts. In developing KPIs, a user or a developer defines target performance levels and then decides on the best way to represent variance from that target.
Other techniques used by our team include sequence analysis, document analysis, focus groups, interface analysis, observation, prototyping, survey/questionnaire, etc.
Our Advantages
Primalcom provides various services in the IT field. Along with custom software, product development, and IT consulting, we provide business analysis services. Our dedicated team of business analysts is driven by metrics. We talk numbers, track the velocity, and execute on a per sprint basis with transparent time logging. As a business analysis company, we help you boost your company, support your software development process, and guarantee project success, conducting:
- Evaluations of your business idea
- Process analysis
- Competitor analysis
- Technical research
- Project analysis
- Requirements management
- Ongoing support and after-deployment maintenance
Our specialists in business analysis consulting services provide the best solutions to help you achieve your business goals.
Frequently Asked Questions
If you want your company to work like a clock, consider business analysis. It will ensure effectiveness for all your enterprise changes and needs, product decisions, value delivery, and customer satisfaction. It lets you create an affiliated connection between all stakeholders of your organization or project. IT is also required to aline policies, procedures, operations, and structure with objectives and goals.
Primalcom has completed over 100 projects. Taking that into account, we develop long-term relationships with our clients, and we usually continue to work together after the first project ends. For many of our customers, we’re providing business analysis services, among other areas of our expertise. We typically start from the Discovery Phase and never stop.
Business analysis services are believed to be expensive, because, on average, they cost from $60 to $120 per hour. Yet, could you afford to live without it? BA helps you clarify your business vision, align all processes into one frame, focus on the main objectives, illuminate demands, and much more. Are you still sure it is not worth it? Remember John? Don’t be like John. Keep in mind it is you who decides.