While core competencies represent the skill sets that makes someone as a qualified business analyst, the peripheral competencies that represent the skill sets that enable a business analyst to perform the core competencies in an effective manner. In a way, a business analyst with good knowledge in core competencies, but without expertise in peripheral competencies or vice versa will make him or her less effective in performing business analysis.
A business analyst who has a good knowledge about the core competencies (business analysis activities and techniques), but is not skillful in verbal communication may not be able to interact with the stakeholders and convey his ideas. In other words, he will be handicapped by his lack of communication skills even though he possesses a great command over the core competencies.
On the other hand, a business analyst who is exceptional in the peripheral competencies, but not having the adequate knowledge in core competencies will suffer from not knowing what to do.
In a way, the three components of business analysis schema such as domain, core competencies and peripheral competencies can be compared to that of a three-legged seat. A weakness in any one of the leg will make the seat unstable.
FIBAAR recommends 75 peripheral competencies to be successful in business analysis. Do get overwhelmed by the long list, you will gain a mastery on these over years of experience. But at the same time, you need to recognize them and conscious about it to cultivate the competency in you.
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