Did you know that around 31% of software projects are canceled before completion, according to a study by the Standish Group? If that doesn’t set alarm bells ringing, how about the fact that poor requirements management is cited as the primary cause of project failure in 37% of the cases, as per a report by PMI? These are harsh realities that plague the software development industry.
In our latest video on "Building Digital Products," Ira Liubinets, a seasoned expert in the field of business analysis and Linkup Studio’s Chief Business Analysis Officer, explores the fundamental reasons behind software project failures and illuminates how business analysis can serve as a game-changer.
In the Episode, Ira Talked about
The Pitfalls and How to Dodge Them
Ira Liubinets covers several common mistakes made during product development, such as:
- Misalignment of Business Goals: She emphasizes aligning app functionalities with business objectives to avoid wasted resources and a failed product.
- Insufficient Analysis of User Needs: Understanding your target audience is imperative, and neglecting this can result in a product that doesn’t resonate with users.
- Feasibility Oversights: Failing to assess technical and financial feasibility can lead to an unstable and unscalable app.
The Role of Business Analysis in Averting Mishaps
Ira discusses how a business analyst serves as a crucial guiding force throughout the software development lifecycle. Analysts assist in:
- Product Discovery: By conducting market research and gathering user needs, analysts help startups avoid developing products with little to no demand.
- Planning and Implementation: Analysts collaborate with the product team to draft a detailed roadmap, thus avoiding scope creep, missed deadlines, and budget overruns.
- Guardianship of Requirements: The analyst ensures that the development crew remains aligned with the initial objectives and requirements throughout the project.
Tasks of a Business Analyst
The video delineates specific tasks that analysts undertake to ensure successful product development, including:
- Requirement Definition: Analysts work closely with stakeholders to define requirements and objectives.
- Requirement Validation: Analysts analyze the feasibility of each requirement based on technical constraints, budget limitations, and resource availability.
- Documentation and Communication: Detailed documentation and effective communication are pivotal roles that analysts play in bridging the gap between stakeholders and the development team.
The Bottom Line
Business analysts are the unsung heroes who work behind the scenes to make your software development projects succeed. They help reduce rework, cut unnecessary expenditures, prioritize features, and more. Therefore, they are crucial for the efficient software development.
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About Linkup Studio
We are a product-driven software development and design company based in Lviv. Over the last 10 years, we have served up top-notch work for 150+ satisfied clients, including Porsche, Bosch, Reverso, Impactive, and others. Let the review scores speak for themselves: 4.9 on Clutch and a spotless 5-star on Goodfirms. The company has been honored with the most prestigious awards in the industry, like Red Dot, UX Design Awards, and App of the Day. Linkup Studio is about creating results that matter for our clients.