2.5 Tasks
2.5.4 Select Techniques for Use Results to Influence Business Decision-Making
Guide to Business Data Analytics
The following is a selection of some commonly used analysis and analytics techniques applicable to the Use Results to Influence Decision-Making domain. The following list of techniques does not represent a comprehensive set of techniques used by an analyst in the Use Results to Influence Decision- Making domain but presents a small, but useful, set of techniques that can be used.
| Techniques | Usage Context for Business Data Analytics | BABOK® Guide v3.0 Reference |
| Acceptance and Evaluation Criteria | Used for evaluating recommendations from analytics against agreed-upon acceptance criteria and the alignment with the business need. | Chapter 10.1 |
| Balanced Scorecard | Used for assessing organizational impact by implementing recommended actions or any alternate solution. | Chapter 10.3 |
| Benchmarking and Market Analysis | Used to evaluate competitor and market reactions if certain recommendations from the analytics initiative are implemented. | Chapter 10.4 |
| Decision Analysis | Used to understand and assess the recommendations and alignment of recommendation to business problems.. Multiple tools such as decision trees, multi-factor analysis, and sensitivity analysis can be performed to evaluate the recommendations. | Chapter 10.16 |
| Financial Analysis | Used to evaluate financial performance when recommended actions or alternate solutions are implemented. | Chapter 10.20 |
| Lessons Learned | Used to compile the learnings from the analytics initiative with respect to improvements that can be made to the analytics approach, data resources, analytics capabilities, and organizational capabilities that can be leveraged for future initiatives. | Chapter 10.27 |
| Organizational Modelling | Used to assist change management where the organizational model is being impacted. | Chapter 10.32 |
| Prioritization | Used to prioritize recommendations or solution options arising out of analytics initiative. | Chapter 10.33 |
| Process Analysis | Used to understand the impact of recommendations on the future state of business processes. | Chapter 10.34 |
| Risk Analysis and Management | Used to assess associated risks, constraints, and dependencies by implementing a solution approach or initiating any change. | Chapter 10.38 |