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Packages for Business Analysts

HS Thomas
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Joined: May 15, 2002
Posts: 3404
What are the most favoured packages for Business Analysts ?
To complicate things a bit try tying software packages to job packages!
If the following is the job spec roughly, what are the tools (software packages, interviewing skills, statistical analysis, accounting skills ) that are the best use:-
� review and definition of business processes
� software package assessment and selection
� data analysis and information requirements definition
� specification of IT solutions and strategies
� analysis of business requirements
� providing the link between IT and the business
� coordinating or managing projects
And can some of this be learnt on the job?
In return for a comprehensive job package that includes :
comprehensive package including: Competitive Salary, Company Car or Car Allowance, 25 days Holiday, Contributory Group Personal Pension Scheme, Private Medical Healthcare for you and your family, Life Assurance, Share Options Scheme, Permanent Health Insurance
And yes this was taken from a recent job ad.
regards
[ November 09, 2003: Message edited by: HS Thomas ]
HS Thomas
Ranch Hand

Joined: May 15, 2002
Posts: 3404
I would include knowledge of UML - at least at business components level which might build up to MDA level eventually.
I've yet to meet a Business Analyst who agrees with this.
regards
Matt Cao
Ranch Hand

Joined: Apr 03, 2003
Posts: 715
Hi HS,
Curiously, are you applying for the job or are you intended to develop the package?
Regards,
MCao
HS Thomas
Ranch Hand

Joined: May 15, 2002
Posts: 3404
Hi Matt,
I am just trying to define the role of the Business Analyst required.
I thought maybe use of certain software packages may define it more clearly. But they don't ask for those skills - only that the candidate must be able to select software packages.
Obviously, thinking what the job package is ,as a whole, helps.
Any ideas ?
Actually , developing software packages would be too big a task for most.
regards
[ November 18, 2003: Message edited by: HS Thomas ]
Matt Cao
Ranch Hand

Joined: Apr 03, 2003
Posts: 715
Hi,
Usually, Business Analyst required to have CPA - Certified Public Accountant. The majority also have advanced degrees.
Business Analyst needs to know:
1. Financial Statement Reporting: Income Statement, Balance Sheet, Statement of Cash Flows and Other Disclosures.
2. Accounting and Disclosures, Key Financial Accounting Areas
3. Analyzing Financial Statements
4. Appraising Segmental Performance
5. Analysis of Projects, Proposals, and Special Situations
6. Quantitative Applications and Modeling in Accounting
7. Auditing Procedures
8. Compilation, Review, and Other Reporting Services
9. Understanding Statements of Auditing Standards
10. Tax Research
Shorter Version:
1. Analyzing the Income Statement
2. Organization's Financial Status: Analyzing the Balance Sheet
3. Analyzing the "Top Line": Sales Management Ratios
4. Containing Expenses: Cost Analysis
5. Monitoring Cash Receipts: Account Receivable Operations
6. Regulating the Outflow of Cash: Account Payable Operations
7. Meeting Sales Demand Efficiently and Effectively: Production Operations
The tools for them as I observed:
1. Spreadsheet
2. Graphs
3. PowerPoint
4. Database Queries
5. Business Calculator with Financial Functions
Am I off-tangent yet?
Regards,
MCao
Matt Cao
Ranch Hand

Joined: Apr 03, 2003
Posts: 715
Hi HS,
As I talked with the Marketing Business Analyst acquantance. She said it depended on the field of disciplines. Some business analyst requires needed to know every nuts and bolts, others are very simple.
Marketing Business Analyst:
1. Know how to Create and Analyze Market Areas
2. Analyze Customer Profiles
3. Find People for Target Marketing
4. Create Simple/Complex Ring Analysis for Locations
5. Generate Desire Lines from Your Locations
6. Compute Equal Competition Areas
7. Conduct Drive Time Analysis
8. Perform Site Prospecting
9. Produce Detailed Comprehensive Reports
Regards,
MCao
HS Thomas
Ranch Hand

Joined: May 15, 2002
Posts: 3404
That is a very thorough response, Matt.

It seems they need to know quite a lot, without actually doing / producing Financial Statements etc. But they definitely would need to understand how the business operates. As that's changing would a lot of Business Analysts become redundant ?
With some new computer systems and business experience, seems to me that
there will be more Analyst jobs available.
With regard to the tools you listed I should think there would be many more. New packages would indicate how that work is changing.
regards
[ November 19, 2003: Message edited by: HS Thomas ]
Matt Cao
Ranch Hand

Joined: Apr 03, 2003
Posts: 715
Hi HS,
Business Analyst role to study the health of an organization and recommend changes. It is no different than any other analyst jobs, eventually ended up as consultant.
Regarding tools outside of Java, there are Oracle, Sybase, ArcView, etc. Within Java, I am sure because as the management meetings trend telling me we are not home grown any packages if we could purchase off-the-shelf and we are not going to install just for those consultants using neither. Consultants have to improve/use whatever the organization using.
If you could startup an Opensource Project with a Business Analyst in mind, I am sure you will receive help from all over the world. But you do not make any money from it. On the other hand, you make them sign a blanket contract similar like IBM or portional contract like Sun.
Regards,
MCao
HS Thomas
Ranch Hand

Joined: May 15, 2002
Posts: 3404
Originally posted by Matt Cao:
Hi HS,
If you could startup an Opensource Project with a Business Analyst in mind, I am sure you will receive help from all over the world.
Regards,
MCao

I think they call it Web Services, Matt. Of course it's not free,though.
regards
HS Thomas
Ranch Hand

Joined: May 15, 2002
Posts: 3404
Sorry Matt. Your idea justifies more than having the term "Web Services" flung at it.
I would say Start Up would be the way to go. I am not sure where start up ideas originate. Some one's home office/bedroom and then they need to attract capital. And for even more capital you hire a Mark H.
Actually there are loads of business forums with good ideas. Taking money from investors is the hard part. Big businesses normally are only interested in ideas that have already attracted many investors.
A hard path to tread and be prepared to sell your soul.
Open Source and business don't necessarily go hand in hand.
Start ups are very secretive places, usually.

regards
 
I agree. Here's the link: http://aspose.com/file-tools
 
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