Business analysis

The course covers five domains as shown below:

Needs Assessment: The Importance of Needs Assessment, Identify Problem or Opportunity, Analyze the Situation, Assess Current State, Recommend Action to Address Business Needs and Assemble the Business Case

Business Analysis Planning: The Importance of Planning for Business Analysis Planning, Conducting Stakeholder Analysis, Defining the Business Analysis Process, Planning the Business Analysis Work and Creating the Business Analysis Plan.

Requirements Elicitation: The Importance of Requirements Elicitation, Planning for Elicitation, Preparing for Elicitation, Conducting Elicitation and Documenting Elicitation Results.

Requirements Analysis: The Importance of Requirements Analysis, Planning for Analysis, Modeling & Refining Requirements, Documenting Solution Requirements and  Validating/Verifying/Approving Requirements

Traceability and Monitoring: The Importance of Traceability & Monitoring, Approving Requirements, Baselining Requirements, Monitoring Requirements and Managing Requirements Changes

Solution Evaluation: The Importance of Solution Evaluation, Planning for Solution Evaluation, Validating the Solution, Evaluating Acceptance Criteria, Facilitating Go/No Go Decision, Obtaining Signoff on the Solution and Evaluate Long Term Performance

With two professional trainers in each session you are assured that no participant gets left behind.


IREC is in a position to work with the bank in providing more value to the bank’s diverse stakeholders especially the MSMEs in business-based research and consultancy e.g in guiding the businesses in the development of business plans, marketing audits, portfolio analysis and effective targeting for business success.


In order to ensure quality, the participants are given a chance to evaluate the content, facilitator, and whole process at the end of every training session.  The outcome is shared with the trainers and corrective actions taken on the weak areas.  The areas that received favorable to outstanding feedback are also enhanced.

  • The center periodically invites renowned trainers in specific subject areas to sit in during training to listen in and then later give feedback on the whole training.  The feedback is used to improve on content and process adopted.  In addition, as part of the training preparation, the center carries out a needs assessment to determine the training gaps that every course would focus on.  At the beginning of every training session, the participants are given the opportunity to express their expectations.  The trainers ensure that they capture the expectations throughout the training sessions.  IREC also periodically video records its training sessions and have a play-back with the facilitators as part of post training evaluation.

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