What’s New with BABOK® V3? Let’s explore!

BABOK® stands for business analysis body of knowledge. The  BABOK® Guide v3 delivers great value and support as it expands the scope to business analysis beyond information technology projects, and sketches the skills and expertise professionals require to build better business outcomes and drive their business successfully. The BABOK® guide V3 is created by IIBA. In 2009 the version 2 was launched, Since that time there are various new concepts, theories and techniques that have been coined. So, Now the limitation version 2 had is practically compensated by BABOK® V3. This guide is designed by numerous experts and professionals, from related fields who provided a detailed feedback and limitations of V2, to create V3.

What purpose does BABOK® V3 serves?

The BABOK® guide contains a detailed description of generally accepted practices in the field of business analysis. The content included in this version has been validated through reviews by practitioners, surveys from the business analysis community, and eminent consultants from recognized industries.

The BABOK® V3 develops the possibility in business analysis, providing the right direction and support for practitioners in the areas of agility, business architecture, business intelligence, and business process management.

BABOK® v3 Vs BABOK® v2

In below mentioned table are enlisted the slightly changed theories and concepts

BABOK® v2 STATUS  BABOK® v3
Business Analysis Planning & Monitoring SAME Business Analysis Planning and Monitoring
Solutions Assessment & Validation MODIFIED Solution Evaluation
Requirements Management & Communication CHANGED Requirements Life Cycle Management
Elicitation MODIFIED Elicitation and Collaboration
Requirements Analysis MODIFIED Requirements Analysis and Design Definition 
Enterprise Analysis CHANGED Strategy Analysis 

 There are many topics that are new additions to BABOK® v3, and were not present in v2.

  • Business Model Canvas
  • Prioritization
  • Data Mining
  • Financial Analysis
  • Business Capability Analysis
  • Mind Mapping
  • Roles and Permissions Matrix
  • Collaborative Games
  • Stakeholder List, Map, or Personas

babokv3-training-courses

Why we need V3 when we already have BABOK® V2?

With the release of BABOK® V3, there is a constant debate over the  selection of certification.  The shortcomings that V2 adhered is counterbalanced by BABOK® V3, by the guidance and skills of experts from the prestigious IIBA.

Released in April 2015, the BABOK® Guide contains major upgrades, That  ranges from the BACCM, to the addition of 16 nascent techniques, and the introduction five perspectives on business analysis.

By the end of September 2016, the IIBA will only provide certification for BABOK® V3 only.

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