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Venkadesh Narayanan

Venkadesh is a Mechanical Engineer and an MBA with 30 years of experience in the domains of supply chain management, business analysis, new product development, business plan and standard operating procedures. He is currently working as Principal Consultant at Fhyzics Business Consultants. He is also serving as President, PDMA-India (an Indian affiliate of PDMA, USA) and Recognised Instructor of APICS, USA and CIPS, UK. He is a former member of Indian Civil Services (IRAS). Fhyzics offers consulting, certification, and executive development programs in the domains of supply chain management, business analysis and new product development.

Business Analysis Terminology: Top 10 Best Points on Stakeholder Analysis

 

Identifying Key Stakeholders: Stakeholder analysis is a crucial aspect of business analysis, involving the identification of individuals, groups, or organizations that have a vested interest in a project or business. By identifying and understanding key stakeholders, businesses can effectively manage their expectations and engagement. 

Business Analysis Terminology: Top 10 Best Points on Service

 

Importance of Customer-Centric Service: In business analysis, focusing on delivering exceptional service to customers is paramount. By understanding customer needs and preferences, businesses can design and implement effective strategies to enhance their service offerings. 

Business Analysis Terminology: Top 10 Best Points on Secondary Actor

In business analysis, a secondary actor refers to an individual, group, or system that interacts with a business process or system but does not play a primary role. Understanding secondary actors is crucial for comprehensively analyzing and designing business processes, ensuring effective stakeholder management, and facilitating successful project outcomes. In this article, we will explore the top 10 best points to consider when analyzing secondary actors in business analysis. 

Business Analysis Terminology: Top 10 Best Points on Root Cause Analysis

Root cause analysis is a critical technique in business analysis used to identify the underlying causes of problems, incidents, or issues within an organization. It helps address the root causes rather than just the symptoms, enabling effective problem-solving and decision-making. In this article, we will explore the top 10 best points to consider when conducting root cause analysis in business analysis. 

Business Analysis Terminology: Top 10 Best Points on Risk Assessment

Risk assessment is a crucial aspect of business analysis that involves identifying, analyzing, and evaluating potential risks that may impact project success or organizational objectives. It enables organizations to proactively manage and mitigate risks, ensuring informed decision-making and successful outcomes. In this article, we will explore the top 10 best points to consider when conducting risk assessment in business analysis. 

Business Analysis Terminology: Top 10 Best Points on Return on Investment (ROI)

Return on Investment (ROI) is a critical metric in business analysis that measures the financial value generated from an investment relative to its cost. It is a key indicator of the profitability and success of a project or business initiative. In this article, we will explore the top 10 best points to consider when analyzing Return on Investment in business analysis.

Business Analysis Terminology: Top 10 Best Points on Residual Risk

Residual risk is an important concept in business analysis that refers to the risk that remains after mitigation measures have been implemented. It represents the potential for adverse outcomes or uncertainties that still exist despite efforts to minimize or control risks. In this article, we will explore the top 10 best points to consider when dealing with residual risk in business analysis. 

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