Prof Elect2- Week 3-5

Describes the Business Analysis activities necessary to identify a business need, problem, or opportunity, define the nature of a solution that satisfies the identified need and justify the investment necessary to deliver the solution.

Is a technique to identify the area of improvement in any process ranging from Business to technology. The areas of improvement doesn’t necessarily mean any new enhancement, it is either about finding a gap between what is expected and what is really done.

Is used to determine the viability of an idea, and tells us whether a project is worth the investment

The R in TRELOS stands for?

The S in TRELOS stands for?

Is a percentage that shows what return you make by investing in something.

The M in MOST Analysis stands for?

Provides you with a framework that enables you to investigate your external environment by asking questions for each factor and discussing the likely implications.

Is an analytical method for determining the problems and process during soft system analysis.

The W in CATWOE Analysis stands for?