Question

What actions are performed in the business analysis step of the new product development process? How does a business carry out this step?

Answer 1

The Business Analysis process consists of the following steps ->

1. Getting the background information. This can be related to technologies, trends and some external factors.

2. Identifying future customers,owners, competitors, partners, and the developer team.

3. identifying the business objectives of the product.

4. Find the ways to achieve your business objectives.

5. Setting up the goals.

6. Implementation plan for the product.

7. Define requirements i.e. both functional and non functional requirements.

B)

Carrying out the business analysis process ->

Implementation of business analysis process depends on two factors -

1. Company Size.

2. Product development approach.

There are business analysis specialists. They are responsible for business needs and requirements identification. They carry out the whole implementation process.

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