Business Analysis Center of Excellence entails supporting organizations in the establishment and implementation of business analysis activities in projects or initiatives. The establishment of a BA CoE helps put in place a methodology designed to help organizations obtain the know-how of gathering and documenting business requirements to improve efficiency and optimize cost.
The benefits of Business Analysis CoE include:
- Improving business efficiencies and plan execution
- Serving as a valuable research domain for embryonic corporate initiatives
- Aiding the orchestration of the organization’s business strategy
- Improving internal business processes and operations
- Improving the effective use of resources including skills, processes, technology and information assets
- Providing scalability in business process re-engineering
- Improving the application of technology to the organization’s business objectives
- Minimizing the loss of time and resources which would have resulted from a less data-driven methodology
