+966537851370 Technical Analysis
Do you want to improve your project's performance and achieve sustainable success? Are you seeking the right tools and guidance to make informed strategic decisions? If so, the Technical Project Analysis service offered by Creative system is what you need!
The tasks of Creative Systems in technical business analysis:
To conduct business technical analysis accurately, certain tasks and roles that are interrelated must be carried out. These roles include the following:
First: Requirements Inference
The first step that a business analyst takes during technical analysis is to infer the project owner's requirements. .
Second: Requirements Gathering
Requirements gathering is done through the collaboration of the business analyst, the project owner, and the development .
Third: Identifying Functional and Non-Functional Requirements
Ensuring the delivery of a satisfactory final product for the client or project owner is one of the most critical roles
Fourth: Technical Requirements Analysis
Technical requirements analysis includes organizing and prioritizing the collected requirements.
Fifth: Communication with Developers
In the end, communication with developers is carried out to clarify the final result after the technical analysis .
سادسًا: اختبار ومراجعة النتائج
Once the project is implemented, the technical analyst must assist the testing team .
What does Creative Systems offer you in terms of technical analysis for projects?
Choose our project technical analysis service today and enjoy a successful and promising future. Feel free to contact us now to start your journey of development and excellence!
What does our graphic design service include:
Comprehensive Analysis: We provide an accurate assessment of your project's status using the most up-to-date tools and techniques in technical analysis.
Detailed Reports: You will receive detailed reports containing essential information and vital statistics to understand the current situation and future trends.
Customized Consultations: Our experts will offer tailored guidance and advice to help you make the best decisions for the success of your project.
Performance Improvement: We will assist you in enhancing your project's performance and increasing profitability through specific strategies.
Flexible Timing: We are here to serve you at your convenience to ensure your project's needs are met promptly.
How does Creative Systems conduct technical analysis for projects?
Creative Systems conducts technical analysis for projects with a methodology and precision that sets it apart from other companies. We prioritize analyzing your project's internal and external aspects and conduct a comprehensive study to determine the best strategies that suit your project and help you achieve your goal. This process includes the following steps:
Internal Environment Analysis (SWOT Analysis): Internal environment analysis is the process of assessing and investigating the factors and components that affect the performance and success of an organization or company internally.
External Environment Analysis (Porter's Analysis): Porter's analysis, also known as the Five Forces analysis, is a framework used to understand and evaluate external factors that impact a company's competitiveness in a specific market
Aspects of Internal Technical Analysis (SWOT Analysis)
In this part of the project technical analysis, the business analyst identifies the most important strengths
Strengths
In this part of the project technical analysis, the business analyst identifies the most important strengths
Opportunities
Analyzing opportunities is an essential aspect of technical project analysis. The significance of business analysis
نقاط الضعف (Weaknesses)
Identifying the weaknesses of any project is of utmost importance, as it helps avoid them and work to minimize their impact.
Threats
Identifying the threats facing your project is essential, as these threats may consist of external factors such as the strength
External Technical Analysis (Porter Analysis)
This is a quintessential analysis of the industry and its various competitive elements, aimed at studying the different stakeholders influencing a specific field of activity to meticulously analyze competitors and determine appropriate strategies. This leads to sustained success and staying at the forefront, and these aspects include:
Industry Competitors: One of the most influential factors in the competitiveness of a specific industry is the analysis of competitors in your field. This involves analyzing the industry's growth rate, capital costs, product differentiation levels, market
Substitute Product Producers: The elements that influence the analysis of companies providing alternative products and the impact of these products on the organization's product position in the long term.
Supplier Power: The distinctiveness and strength of suppliers are studied in terms of their numbers, geographic distribution, unique points, contribution to quality, burden-bearing capacity, and costs.
Potential New Entrants: The analysis should also encompass potential new entrants into the market. The research should not be limited to current competitors but should extend to newcomers.
Buyer Power: The points representing the strength of buyers are analyzed in terms of their numbers, characteristics, positions, loyalty, commitment, and profitability achieved through dealings with each of them.
Importance of the Business Model Canvas:
In Creative system, when studying any project and analyzing it, we ensure to create a business model and a customer model specific to your project to identify all aspects of the project's work, alongside studying the target customers by our project analysis experts. The importance of the business model lies in:
Identifying Revenue Generation: The Business Model Canvas helps identify revenue sources and how they will be generated, enabling the company to achieve profitability and sustainability.
Guiding Strategy: The Business Model Canvas helps determine the company's strategy, such as expanding, growing, and interacting with the market.
Partner and Supplier Identification: It helps identify partners and suppliers who can contribute to the successful execution of the business model.
Adding Value: It makes the company consider adding value to its customers through its products and services.
To create a Customer Model Canvas for your project, you should consider the following:
The Business Model and Customer Model should work together to ensure that your product or service provides value to customers and generates sustainable profits for your company.
Understand Customer Needs: Conduct research and surveys to better understand your customers' challenges and needs. This will help you design a product that meets those needs.
Marketing Strategies: Determine how you will reach and attract your target customers. This includes using the appropriate marketing channels and offering attractive promotions.
Improve Customer Interaction: Develop strategies to enhance customer interactions, including customer service and responsiveness to inquiries.
Evaluation and Improvement: Continuously assess and improve your Customer Model based on customer feedback and market changes.
Importance of the Business Model Canvas:
Business Model focuses on how to generate profit and build the company. In contrast, the Customer Model focuses on understanding customers and how to meet their needs and achieve their satisfaction. These two models work together to ensure the company's success and increase the value it provides to its customers.
Understanding Customer Needs: The Customer Model Canvas helps to understand the challenges and needs of customers better. This can contribute to designing products and services that meet those needs.
Identifying the Target Market: It helps in identifying the demographic categories or target markets that the company is addressing.
Improving Customer Interaction: It allows for the development of marketing and customer service strategies that help in attracting and retaining customers.
Enhancing Loyalty: It can help build stronger relationships with customers and increase brand loyalty.
Defining the Product or Service Lifecycle
The product or service lifecycle represents the evolution of the product or service through its various stages, from launch to the end of its cycle. This cycle typically includes specific stages such as:
Development
In this stage, the product or service is designed and developed. This stage includes research, testing, and initial design.
Growth
If the product or service is successful, sales will start to increase rapidly. You should increase production and expand marketing efforts.
Decline
These products or sections grow rapidly but have a small market share. Their future may be uncertain, requiring additional investment
Introduction
Once the development is complete, the product or service is launched into the market. In this stage, significant marketing efforts may be required to attract customers.
Maturity
The maturity stage is entered when products reach market saturation. Sales start to stabilize and may even decline. Fierce competition often occurs in this stage.
Redesign or Reallocate
In some cases, the product or service can be redesigned or reallocated to new markets to continue generating revenue.
What is the Boston Matrix?
The Boston Matrix is a tool used to classify products or services in your project into categories based on their growth rate and market share. The matrix helps make strategic decisions on managing these products or sections in your project. Four main categories clearly define it
Regarding the Boston Matrix
Stars
These products or sections have a high market share and grow rapidly. They may require significant investments for sustainable
Decline
These products or sections grow rapidly but have a small market share. Their future may be uncertain, requiring additional investment
Cash Cows
These products or sections have a large market share and grow slowly or are stable. They generate high cash flow
Dogs
These products or sections have a small market share and grow slowly. They are often financially unattractive
The Difference Between Functional and Non-Functional Requirements:
The difference between these is as follows:
Functional Requirements: They express what the project under execution must do.
Non-Functional Requirements: They express how the project operates fundamentally.
The business analyst is responsible for identifying and extracting these requirements (functional and non-functional). To achieve this efficiently, the business analyst must conduct research and interact extensively with all current and prospective end us
Functional and non-functional requirements provide excellent expectations regarding the final product. In fact, during project execution, non-functional requirements gain greater importance because they enable you to improve project operation once deliver
Frequently Asked Questions
What is Technical Analysis?
Technical analysis is a method of using financial charts and indicators to make predictions about future prices. It relies on the idea that past prices and trends can provide information about future prices. Technical analysts use charts and indicators to identify support and resistance levels, major trends, and chart patterns that indicate any changes in prices. Technical analysis is used in financial markets such as stocks, currencies, and commodities, and it can also be used in sponsored ads.
What are the Important Tools of Technical Analysis?
The important tools of technical analysis include: Charts: Which are graphical representations of prices and price movements. Indicators: These are mathematical tools used to analyze price data and provide signals about price trends. Chart patterns: Which are specific patterns in charts that indicate changes in price direction. Moving averages: These are statistical tools used to determine the overall market trend and identify support and resistance levels.
Is Technical Analysis Useful?
Yes, technical analysis is useful for many traders and investors in financial markets, as it can be used to determine price trends, support, and resistance levels, and make appropriate financial decisions. It can be used to analyze stocks, currencies, commodities, and other financial assets. However, technical analysis should be used carefully and based on reliable sources and sufficient samples of price data to achieve the desired results in project management.