STRATEGIC PARLOUR

EFURIBE MORTGAGE BANK This is an analytical model used by Business Analysts to identify ways in which an organization can create value to customers or to the business process. This also helps individuals/departments to think through how they can maximize this value to the customer/business process i.e. superb products/Jobs done properly. Value chain analysis has got 3 steps. 1.       Activity Analysis : The BA identifies the activities in a process that is required to deliver a value to the customer. 2.       Value Analysis : Now, for each activity identified; a list of the ‘Value Factors’ that actually adds value to the customer/process is recorded. The BA at this stage should review the expected output for that particular activity in the process; making sure things are done the right way. 3.       Evaluation and Planning : After the value analysis has been conducted by the BA. The BA will no...

Business Interaction Model (BIM) This is a model that encompasses the planning, the design, the execution and the control of how a company's business process (activities) interacts with the process (activities) of other internal or external departments. This model can help sort out ailing business processes of two different departments within an organization that do not interact efficiently, which can result to loss of business to the company. This model coordinates the interaction between an individual/department in an organization (Customer) making a request (work) from another individual/department who will now be the recipient of that request (Performer). This interaction takes place on four Phases 1.       Preparation - Customer plans work to be done by the performer and issues a request 2.       Negotiation - The customer and performer negotiates until an agreement(commitment) is reached about the work to be comple...