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Tag: Career

BATimes_July04_2024

Beware Indecision Inertia: The Importance Of The “Do Nothing” Option

Organizational change can be hard. People get into routines, and convincing people to adapt the way that they work can be difficult. This is a seemingly human trait: think about how hard it can be to adapt when an icon or menu option moves in a new version of Windows. We have probably all taken a while to adapt to things like this, occasionally wishing that we could reinstate the older version of the software that we are so used to. If even a simple change like this can cause initial confusion and frustration, no wonder a larger change such as an office move or process change can be challenging.

When a potential change is being discussed, there are usually supporters and detractors. It’s important to understand the different perspectives, and work together to understand the best way forward. Yet beneath the overt support and reluctance, there are other subtler things to look out for too.  One is indecision inertia.

 

What is indecision inertia?

Although you might never have heard the term ‘indecision inertia’, you’ve almost certainly experienced it. Imagine a stakeholder needing to make a key decision, which is pivotal to a particular project progressing. It is a key dependency, and it is going to block progress if the decision is not made. They very reasonably ask for some data or a report in order to make the decision.

It takes some time to assimilate the information provided, but when it is played back to them (with a recommendation) rather than making a decision, they ask for more information. Or they raise a set of new questions, and more investigation is required. On the one hand, this is useful as they are helping to mitigate risks. On the other hand, it sometimes feels like the ‘can is being kicked down the road’.

Put simply: Sometimes the perception is that the least risky thing to do is nothing. In order to build a case for doing something a stakeholder might feel there needs to be watertight evidence and data. Yet, in reality, ‘watertight’ data rarely (if ever) exists. Can you say for certain the benefits that a project will bring? Or how long it’ll take? Or how much it’ll cost? Sure, these things can be estimated, based on a set of assumptions, but any certainty that is provided is entirely illusionary.

 

Indecision inertia occurs when the path of least resistance is doing nothing even though, when analyzed holistically, that might not be the most appropriate thing to do.

Incidentally, this pattern plays out in personal life too. People sometimes stay in jobs longer than they should (I know I did!) for fear of the ‘risk’ of applying elsewhere. People keep the same old car for too long, even when the maintenance is a nightmare, because it’s the car that they know and love…

 

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The Role Of Holistic Analysis

This is an area where business analysis is crucial.  In many cases ‘doing nothing’ isn’t a cost-free, or risk-free option. Imagine an organization running an older, legacy, packaged IT system that is going into extended support. Soon it’ll be out of support entirely. It’s been extended and customized over the years, and the development team affectionately define it as a ‘bag of spanners’. It works, it’s reasonably reliable (at the moment), and the prospect of spending money to replace it is a hard decision to make.

Yet doing nothing will lead to increasing maintenance costs, risks that it’ll become unmaintainable, and when support eventually expires there won’t be security patches and updates which leads to an even more worrying risk. Just like a beloved old car that is kept too long and breaks down at the worst of all times leaving its passengers stranded, this beloved old IT system might implode, get hacked, or develop other issues at the worst time. And if it’s a core system, every minute it is down is probably costing significant sums…

 

This is a hypothetical example, but it shows the importance of understanding that doing nothing is an option, and it has costs, benefits and risks associated with it. This is important as it is a way of reframing the decision.  Often a decision is seen as:

  1. Stay as we are (which is safe, and nobody gets sacked for doing nothing)
  2. Do something risky / costly (and put the sponsor’s neck on the line if it goes wrong)

 

Whereas, the real decision is often

  1. Stay as we are, and things will get progressively worse, riskier and more costly (and action will need to be taken at sometime)
  2. Do something, understanding the risks and costs (but do so at a time of our choosing, rather than when some major risk event forces us to)

This is simplified, but it illustrates the point.

 

Conclusion

In summary, change is hard, and decision-making is hard. As analysts, we can help decision-makers to make informed decisions. Analyzing and presenting the ‘do nothing’ option can be part of this.

BATimes_Jul03_2024

Mastering Business Analysis: 7 Strategies for Effective Internal Best Practices Sharing in Teams

Effective transmission of internal best practices within a business analysis team is crucial for fostering consistency, efficiency, and continuous improvement. As business analysts navigate complex projects and evolving client needs, harnessing collective knowledge and refining methodologies can significantly enhance outcomes. Here are some essential tips and approaches to facilitate this process:

  1. Document and Standardize Processes:

Begin by documenting existing best practices and standardizing processes. This creates a foundation for consistency and clarity within the team. Utilize tools like process maps, checklists, and templates to outline workflows, methodologies, and key deliverables. Ensure these documents are easily accessible and regularly updated as practices evolve.

 

  1. Establish a Knowledge Sharing Culture:

Promote a culture of knowledge sharing where team members are encouraged to contribute insights and lessons learned. Facilitate regular team meetings, workshops, or brown bag sessions focused on sharing best practices, case studies, and success stories. Encourage open dialogue and feedback to refine practices collaboratively.

 

  1. Mentorship and Peer Learning:

Implement a mentorship program where experienced analysts mentor junior colleagues. This not only facilitates the transfer of best practices but also promotes professional development and skill enhancement. Encourage peer learning through shadowing opportunities, joint project assignments, and cross-functional collaborations.

 

  1. Leverage Technology and Tools:

Utilize technology platforms and collaboration tools to facilitate knowledge sharing and practice transmission. Implement a centralized knowledge repository where team members can access resources, templates, case studies, and recorded training sessions. Leverage project management software for task management, progress tracking, and documenting lessons learned.

 

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  1. Conduct Internal Trainings and Workshops:

Organize regular internal trainings and workshops focused on specific aspects of business analysis. Topics can range from requirement elicitation techniques to data analysis methodologies and stakeholder management strategies. Invite external experts or senior leaders to share industry insights and best practices.

 

  1. Encourage Continuous Learning:

Support ongoing professional development by encouraging team members to pursue certifications such as CBAP or PMI-PBA. Provide access to relevant courses, webinars, conferences, and literature. Foster a learning culture where individuals are empowered to stay updated with industry trends and emerging best practices.

 

  1. Measure and Improve Effectiveness:

Establish metrics to measure the effectiveness of internal best practices in transmission. Monitor key performance indicators such as project success rates, client satisfaction scores, and team productivity. Solicit feedback from team members through surveys or focus groups to identify areas for improvement.

 

In conclusion, transmitting internal best practices within a business analysis team requires a strategic approach focused on documentation, culture building, mentorship, technology integration, continuous learning, and performance measurement. By fostering a collaborative environment where knowledge sharing is valued and supported, organizations can enhance their capabilities, deliver superior outcomes, and drive innovation in business analysis practices.

BATimes_Jun12_2024

Learn Business Analysis From A Chameleon

Professionals in the dynamic field of business analysis must constantly adjust to shifting surroundings and a wide range of stakeholder needs. Surprisingly, there are a lot of lessons to be gained from the natural world, especially from chameleons, which are known for their remarkable adaptability.

 

Let’s discover useful insights that can be applied to the subject of business analysis as we examine the striking parallels between a chameleon and a business analyst (BA).

 

  1. Flexibility: The Skill of Adjustment

Chameleons are renowned for their extraordinary adaptability and ability to blend in with a variety of environments. Business analysts also need to be adaptable and capable of wearing many hats to take on issues head-on. When working with testers, QA teams, or product owners, BAs must modify their methodology to suit the unique requirements of each stakeholder group. Because of their flexibility, BAs can manage expectations and communicate with effectiveness in a variety of teams.

 

  1. Communication and the Language of Colour

Colour is a potent means of expression and communication for chameleons. They communicate their goals, feelings, and responses to their surroundings through colour shifts. Likewise, the foundation of a good business analysis is efficient communication.

 

  1. A 360-degree view

Chameleons have a unique 360-degree view of their surroundings due to the ability of their eyes to move independently. They can see openings and threats from every angle because to their broad vision. Business analysts also employ a comprehensive strategy when doing project analysis. Strategic decision-making is guided by the comprehensive perspective of business analysts (BAs), who examine corporate processes, identify potential risks, and evaluate market trends. This wide-ranging viewpoint ensures that all aspects of a project are considered, leading to more knowledgeable and useful answers.

 

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  1. It’s not about size, but about essence

The small Parson’s chameleon and the superb dwarf chameleon are two examples of these species that vary in size but share similar traits. Business analysts of all levels can benefit from an understanding of the fundamental concepts of the field. All BAs, no matter how experienced, must adhere to basic analytical processes, stakeholder engagement tactics, and problem-solving approaches. By following these uniform guidelines, it is ensured that all BAs, regardless of “size,” offer meaningful insights and advance project success.

 

  1. Using a Strategic Approach to Issue Solving

Chameleons use clever problem-solving techniques to navigate their environment when hunting or evading predators. In a similar way, business analysts (BAs) identify and resolve complex business problems using their analytical abilities. Business analysts (BAs) play a critical role in assisting businesses in accomplishing their goals through the application of problem-solving approaches, root cause analysis, and practical recommendations. Their ability to think strategically and solve problems effectively demonstrates their value in any undertaking.

 

  1. Flexibility in the Face of Adversity

Chameleons are excellent models of resilience since they can live in hostile and unpredictable environments. BAs also frequently encounter obstacles to successfully completing projects, which might range from shifting stakeholder objectives and financial constraints to technological disruptions. Resilience is a critical trait for BAs as it enables them to overcome setbacks and maintain focus on the project’s objectives. Their ability to remain composed under pressure and be innovative is crucial to overcoming challenges and keeping the project moving forward.

 

  1. Expertise in Transition Management

Chameleons go through metamorphosis throughout their lives, changing from hatchlings to fully grown adults at each stage. Likewise, BAs thrive in leading teams through stages of evolution and transition and managing change.

 

To sum up
The comparison between business analysts and chameleons highlights the latter’s remarkable ability to adapt, communicate, and observe from multiple perspectives. BAs may successfully navigate difficult project environments and achieve desired results because to chameleon-like traits like adaptability, strategic thinking, resilience, and change management abilities. As we continue to learn from nature, the chameleon serves as an inspiration for the dynamic work of the business analyst.

 

BATimes_Jun1_2024

How to Prevent Project Burnout Before It Strikes

I suspect many people reading this work on projects pretty continuously. It’s normal to jump from one project straight to the next, often without much time for reflection and decompression. In fact, you might be balancing multiple smaller projects at the same time. That’s a hard gig: typically each project has its own set of deadlines, and Project A’s sponsor doesn’t care that Project B has suddenly put extra demands on your time…

 

In situations like this, it’s easy to get into the vicious cycle of working longer and longer hours. Sometimes, for a very short and defined period of time, this might be OK. But when it becomes the norm, it can become unhealthy. When weekends become the ‘mop up’ time for all the emails you couldn’t clear during the week, and Monday is filled with a sense of dread, something is probably wrong. If you’re there at the moment, I feel for you. I’ve been there. I suspect we’ve all been there.

In this blog, I wanted to share some tips that can help avoid situations like this. Of course, we are all individuals and we all have different working patterns, so what works for me might not work for you. Certainly, you’ll want to adapt the tips below, but hopefully they’ll provide you with a useful starting point:

 

  1. Say “No” Effectively

There is rarely a lack of work to be done, there is a lack of time and attention to do it effectively. Say “yes” to unrealistic deadlines and there’s a risk that everything will be rushed and everything will be late.

Yet saying “no” sounds career-limiting, doesn’t it? Who would dare say “no” to a senior leader? Perhaps it’s all about how the message is given.  For example:

 

  • Say “yes, and here’s the impact”: Imagine you’re stretched and another task comes in. A way of responding might be to say: “I can absolutely do that, by that date. However, this will impact tasks B and C. Are you happy for this new task to take priority?”.
  • Say “Thanks for thinking of me, let me introduce you to someone that can help”: It’s easy to inadvertently take on the work that others might be able to do more effectively. Perhaps someone is asking you to pick up a support issue on a project that launched months ago and is now in ‘Business as Usual’ (BAU). A response might be “Thanks, it’s always really interesting to hear how things are going on that system! I’m somewhat out of the loop with that now, as the support team took over. It’s really important that these issues are logged with them, so they can track trends. Shall I send you over a link to the defect logging form? If you don’t get any response, feel free to follow up with me and I’ll connect you with my contact there”.
  • Say “No, but here’s what I can do (and offer options)”: Imagine a completely unrealistic deadline has been given. Saying yes will save short term pain, but will cause long term issues when the deadline is missed. A better option may be to say “I can’t hit that deadline (for the following reasons), however here’s an estimate of what can be done. Alternatively, with additional resource we could achieve this…”
  • Finally, a flat out “no” is fine sometimes: Not everyone agrees with this, but in my view, particularly when something is optional, it’s fine to say a flat out no. “Would you like to help organize the summer BBQ?”.  “No thanks, I’ve got a lot on right now, so that’s not something I’m interested in”. Of course, this needs to be delivered with rapport, empathy and respect.

 

There are many other ways, and it’s important to be aware of context and culture. What works in one situation will not work in others.

 

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  1. Find Ways of Recharging (And Make Time For Them)

We all have things that replenish our energy. For me, it’s exercise (whether that’s walking or going to the gym), reading and other hobbies. It will be different for you. The irony is that when things get hectic, often these are the very things that we jettison.  Don’t! Build them into your routine and make them non-negotiable.

 

  1. Celebrate Successes

It’s so easy to jump from sprint to sprint, delivery to delivery without actually reflecting on what was achieved. Celebrating even small successes is worthwhile. This doesn’t have to be a major event, just a lunch with the team, or some other kind of social event can help mark the milestone.

 

  1. Watch for Warning Signs

Finally, it’s important that we all look out for warning signs—in ourselves and others. I remember friend and fellow BA Times author Christina Lovelock talking about ‘digital distress signals’. Is someone emailing at 6am and then again at 10pm? Might that be an indication that they are overwhelmed?  If the person has an unusual work pattern (perhaps working before the kids go to school, and catching up in the evening) it might be totally fine. But if this isn’t the case, they might be pulling 14 hour days, and that’s got to be impacting them.

 

We all feel and experience overwhelm differently, and a little bit of stress is not unusual. There’s even a theory that a little bit of stress is good for you. But continuous stress is an issue, and it’s worth watching out for.

Of course, this article has only scratched the surface of this topic, but I hope you’ve found the ideas thought-provoking. I’d love to hear how you avoid burnout on projects. Be sure to connect with me on LinkedIn and let’s keep the conversation going!

 

BATimes_May30_2024

Unpacking BA Requirements for the Blockchain Industry

When the word blockchain is heard, cryptocurrency comes to mind next. Some need to realize that cryptocurrency is just digital money and other digital monies, such as stablecoins, exist.

What exactly does blockchain mean?

A blockchain is a shared or decentralized digital ledger of public, private, or hybrid transactions. It relies heavily on the flow of information and, in this case, the flow of transactions across many computers in a business network. This specifies that the blockchain wouldn’t have any core function without information or data. A blockchain network provides a shared, simple, single view of transactions, signifying that transparency is a strength and a win in this industry. Blockchain can potentially revolutionize how enterprises transact business and solve problems creatively.

 

What makes blockchain, blockchain?

The presence of a distributed ledger, which is the shared database in the network that stores the transactions; smart contracts, which are used to self-manage business contracts without the need for 3rd parties, which means they are triggered automatically when certain conditions are met; public key cryptography, which is used to identify the members in the business network; and permissions necessary to ensure that all transactions are secure, authenticated, and verifiable.

 

Is there a future for business analysis in this delicate but ever-evolving industry?

As business analysts, we have the strength to feature in any industry or organization and play an integral and delicate role in bridging the gap between the present and the future. Remember, business analysts need to understand that they exist to drive change while still understanding the capabilities and competencies of every shift (Read, Business Analysis, how and why I need to evolve).

Taking a deep dive into the future of business analysis in this industry, business analysts must have at least a basic understanding of how this industry works and the specific details related to the company in which they work. This will help you understand details that would help you identify the business needs and vision, understand the potential of this technology, and align it with the organization’s objectives—understanding how the industry works can be a solid requirement for benchmarking and market analysis in an event where this becomes necessary.

 

Secondly, the blockchain industry would thrive on the practical and right adoption and application of use cases, which is where business analysis comes in. This is necessary to identify specific use cases that highlight value to the enterprise or company and even the industry as a whole. Business analysts are crucial to determining the context in which blockchain helps attain value or change. Furthermore, this will be useful in communicating diverse use cases for blockchain technology to various audiences with differing levels of technology understanding and divergent business needs. This remains a critical gap; thus, there is a need to ensure and manage stakeholder collaboration, involvement, and engagement.

 

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Thirdly, stakeholders, top management, process owners, and project sponsors need to understand and assess the potential value blockchain would bring, possibly a solution to an identified problem, and determine if it meets their standards. Value assessment could be performed using a SWOT analysis, feasibility studies, cost-benefit analysis, market mapping, decision analysis, modeling, etc. An analysis of possible weaknesses and challenges this technology is prone to is an essential task all business analysts must perform, some of which include security concerns, as there is a possibility that distributed ledgers and smart contracts could introduce security concerns, data access, and storage issues based on the decentralized/consensus mechanisms (proof of work), and the evolving regulatory landscape surrounding blockchain can significantly impact and influence business requirements. It is pertinent to note that regulatory requirements always prevail to avoid costs and penalties in requirement prioritization. For example, the Nigerian government initially placed a ban on cryptocurrency but lifted this ban in December 2023. In this situation, business analysts would need to assess the viability with due consideration of the unstable regulatory requirements.

 

Fourth, when translating business requirements, there is a need for business analysts to walk closely with the stakeholders, both internal and external, to critically understand the business requirements and correctly translate them to technical specifications through functional decomposition. Suppose the requirements are not adequately broken down into functional and non-functional requirements. In that case, being able to develop use cases might be a challenge, hence the need for a business analyst. However, it is essential to mention that the role of a business analyst extends beyond developing use cases; they also play a vital role in all the business analysis knowledge areas such as planning and monitoring, elicitation and collaboration, requirements life cycle management, requirements analysis, design definition, strategy analysis, and solution evaluation.

 

Conclusion

Business analysts working with blockchain must be adaptable and embrace continuous learning. There is a need to master new skills while adapting existing BA practices and their skills to this evolving technology. Armed with the knowledge that the future holds exciting possibilities for BA professionals who embrace the transformative potential of blockchain, business analysts need to take the necessary steps to ensure that they will be well-positioned to navigate this dynamic and transformative landscape.