Join us this Wednesday!
Reminder about the January Chapter Meeting
Wednesday, January 18, 2017
5:30 - 6:00 - Check in, networking
6:00 - 6:30 - Announcements and Chapter business
6:30 - 7:30 - Presentation
7:30 - 8:00 - Group QA session
Presentation Title: Requirements Elicitation and Elaboration Workshop
This chapter meeting will be a hands-on requirements elicitation and elaboration workshop. During this chapter meeting we will briefly review key requirements elicitation and elaboration skills. Then we'll put them to the test in several small workshop groups to elicit the key requirements for a pre-defined project, and elaborating them in a little detail. Members of the leadership committee will be acting as project stakeholders for each workshop group. Each group must interview their assigned business stakeholder from the leadership committee, and elicit the key business requirements and then elaborate them a bit.
Be forewarned that these business stakeholders will try to act like real business stakeholders which do not always make it easy or clear as to what they really need, which should make this a little more challenging and interesting!
The project for which the requirements will be elicited have been pre-defined by the chapter leadership committee, but will only be revealed to each workshop team to the extent that they can elicit them, and then elaborate them as time permits.
This month we will be enhancing the networking aspect of the meeting to make up for not having held an October networking event. Please bring an unwanted business book to swap for another business book. Attendees that bring a book will have first choice of the available books. The remaining books will be available for attendees who do not bring a book. Leftover books will be donated to Goodwill.
Business Tech Center
8301 East Prentice Avenue, #400
Greenwood Village, CO 80111
Meeting Call-in Number:
If you can't attend the meeting in person, you can call-in and listen to the meeting announcements and presentation at 712-432-1212 with ID 642-869-993. Connect to this meeting at this link . If you have problems during the meeting and need help, contact the webinar coordinator using the in-meeting messaging tool.
There are two levels of membership: 1) IIBA National and 2) IIBA Denver Chapter with IIBA National. The meeting cost is free for members of the Denver Chapter. The cost is $10 for non-members of the Denver chapter who attend the in-person meeting.
by Monte Malenke, President
hope everyone had a very Happy New Year, and is off to a strong start for 2017. To get the year rolling we are planning a special chapter meeting for January that will be a fun and educational workshop for you to apply and hone your business analysis skills, and learn from each other how to elicit and elaborate requirements from a business stakeholder. The chapter leadership has created a sample set of project requirements that each workshop group will try to uncover from their assigned chapter leader who will be their business stakeholder. This should be a great challenge to see how close you can come to identifying all the key requirements, and then compare your results to the other workshop groups.
Make plans to be at this month's chapter meeting on January 18th to be a part of this workshop and also the book swap!
We do have a few opportunities for you to invest into your professional community within the chapter, and would encourage you to be a part of our great leadership team. We are looking for someone to be fill the role of VP of the Events Committee, which is primarily focused on planning two networking events each year, so a very contained basic commitment. We also could use someone to fill the role of Chapter Meeting Coordinator, to order the food for each meeting and
be a central point of contact that things are set for each chapter meeting. Make 2017 the year you get involved and contact me at President@denver.iiba.org if you would like to learn more.
See you at the next chapter meeting on Wednesday!
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by Ramkumar V Ramachandran
6.3 Assess Risks
The Strategy Analysis knowledge area focuses on defining the future and transition states needed to address the business need. There are four tasks recommended by BABOK V3 for this knowledge area: Analyze Current State, Define Future State, Assess Risks and Define Future Strategy. In the earlier newsletters, we have seen the Analyze Current State and Define Future State tasks. This newsletter presents the third task of "Assess Risk".
The purpose of this task is "to understand the undesirable consequences of internal and external forces on the enterprise during a transition to, or once in, the future state." The risk to be analyzed and managed might be related to the current state, the future state or the change strategy. The risks are analyzed for the possible consequences and its impact, likelihood of occurrence and for when the risk might occur.
The inputs to this task are business objectives that describe the desired direction, confirmed elicitation results that provide a stakeholder view of the risk, internal and external influences that might impact, the potential value as a benchmark against the risk and the prioritized requirements.
Business analysts should collaborate with the stakeholders and utilize their experience and expert judgment to assess the likelihood and impact of the risk. An assumption or constraint or dependency could also be stated as a risk to assess and manage it appropriately. One can estimate a total risk level from the aggregated set of risks, indicating the overall potential impact for the risks being assessed. In some cases overall risk level can be quantified in financial terms, or in an amount of time, effort, or other measures.
Generally there are three ways of broadly describing attitude towards risk. The unwillingness to accept the uncertainty and thus avoiding the high risk actions or investing more to reduce risk is called Risk-Aversion. Neutrality, is accepting some level of risk provided there is no impact if the risk occurs. A willingness to accept high risk expecting a potentially high gain is a Risk-seeking attitude.
Business policies, change strategy, current state description, future state description, stakeholder engagement approach and the risks identified could be used as a guideline or tool for this task. To perform the task one could Brainstorm, derive business cases, perform decision analysis, analyze documentation, analyze financial impacts, conduct interviews, use the lessons learned, do a mind map, perform surveys, conduct workshops or perform Root cause analysis studies. The domain SME, implementation SME, operational support, project manager, regulations expert, sponsor, supplier and testers are the important stakeholders to be involved in the process.
Based on the assessment of risks business analysts would recommend a course of action to;
- pursue the benefits of a change regardless of the risk
- pursue the benefits of a change while investing in reducing risk (likelihood and/or impact)
- seek out ways to increase the benefits of a change to outweigh the risk
- identify ways to manage and optimize opportunities and
- do not pursue the benefits of a change
The output would be a 'Risk Analysis Results' document with an understanding of the risk and the mitigation strategies to prevent, reduce the impact or reduce the likelihood of the risk.
by Susan Futey, CBAP, VP Membership
Welcome new Denver Chapter members!
Active Member Count: 86
Not a member yet but interested in joining?
It's a great way to network, share business analysis knowledge and experience, and learn about new techniques and processes. Best of all, membership is just $25/year!
Benefits of being a local chapter member:
- Attend chapter meetings free
- Participate in Denver Chapter elections (as candidates or as voters)
- Participate in members-only offers such as volunteer opportunities at BA World
- Get to wear a snazzy name badge at the meetings
IIBA member, but not a Denver Chapter member, your cost = $10 per meeting. IIBA member and a Denver Chapter member (annual membership fee of $25) your cost = free.
Take advantage of this deal today!
You do have to be a member of the IIBA International Organization in order to join the IIBA Denver Chapter. Join IIBA through their website at
If you have any questions about membership or renewal, please feel free to send an email using the
link on the IIBA Denver Chapter website.
Thanking our Volunteers!
by Monte Malenke
This month, I would like to recognize Pete Hanson, a member of our
Membership Committee, who has worked with Susan Futey our VP of this committee for the few years. Pete has provided great support to the Membership Committee, and consistently helping at each chapter meeting at our meeting registration desk. Be sure to say thanks to Pete at the next chapter meeting. Pete, we appreciate your service to the chapter!
by Debbie Rasor, CBAP
Value is key in the new BABOK. There are several IIBA webinars in the next month about business value and other topics. Register here.
Need more information about the new certifications? Watermark Learning has various webinars.
by Stephanie Vinton, Volunteer Coordinator
o you want to support local Business Analysts, the profession, increase visibility to your company, or gain recertification credits? The Denver chapter is looking for help in this manner:
Chapter Meeting Coordinator
Do you like taking care of logistics? Use your skills to organize the details of our bi-monthly chapter meetings, such as making sure the food is ordered, picked up, and cleaned up for our meetings. And send out meeting notices. This role is not responsible for finding speakers or meeting rooms.
If you would like learn more about possibly becoming our next Chapter Meeting Coordinator, please contact Stephanie or Monte.
Do you like planning events? Use your skills to organize our two networking events! The next event is planned for April. You find the location and plan the menu based on the budget. The night of the event you ensure the bill is paid.
Certification Study Group Coordinator
The Denver Chapter is looking for a volunteer to coordinate a new study group for certification. Past study groups have been remote using conference calls and webinar technology. The group participants took turns presenting the subject matter so the volunteer coordinator is not responsible for all the material. IIBA has published exam
Denver Chapter Education News
by Heidi McLaughlin, CBAP, PMP, VP Education
The Denver IIBA Chapter is dedicated to providing members with various resources to enhance their knowledge and expertise. One resource is our mentor program, which allows individual members to partner with each other with the goal of sharing ideas on strategies, techniques, issues, or anything else that influences their roles as Business Analysts.
Call for Speakers
We can each benefit from collaboration and sharing with other members.
If you would like more information on how to participate, please contact Heidi for more details.
We are looking for speakers to speak at our chapter meetings on topics relevant to business analysts. If you have an interest in being a speaker, being part of a panel of speakers, or if you know someone who would make a great speaker, please contact Heidi for more details. Some topics that have been suggested are listed below, but of course our interests are not limited to this list.
- BABOK Review
- Agile Extension to the BABOK
- Process Mapping
- BA Diagramming & Modeling
- Enterprise Analysis
Upcoming Chapter Meetings/Events
January Chapter Meeting
(Wednesday, January 18th) -
March Chapter Meeting
(Wednesday, March 15th) - Chapter member Laura Brandenburg will return to speak on
Business Analysis is Not Just a Job Title: How to Leverage Your Career Experience to Become a Business Analyst.
April Networking Event - TBD
May Chapter Meeting (Wednesday, May 17th) - TBD
See more details in future newsletters.
Newsletter Editor: Debbie Rasor, CBAP
Associate Editor: Barbara Griffith, CCBA
If you have a contribution to make to the IIBA Informant, please email us at
If you are interested in advertising BA-related services in the IIBA Informant, please email us at
Produced by the Denver Chapter of the IIBA
Finance Committee (firstname.lastname@example.org)
VP-Finance and Treasurer: James Allison
Education Committee (email@example.com)
VP-Education: Heidi McLaughlin, CBAP, PMP
Marketing Committee (firstname.lastname@example.org)
VP-Marketing: Sandi Byron
Membership Committee (email@example.com)
VP-Membership Services: Susan Futey, CBAP
Volunteer Coordinator: Stephanie
VP-Communications: Linda Meserve
Events Committee (firstname.lastname@example.org)
Meeting Coordinator: open
The International Institute of Business Analysis is a non-profit organization for Business Analyst professionals. The goal of the local Denver Chapter is to support IIBA by (1) advancing the role of the Business Analyst as a recognized profession, (2) support opportunities for members to network with, and gain knowledge from, seasoned BA practitioners as well as industry and government leaders, (3) provide access for members to a formal "knowledge base" as well as forums for sharing expertise, expressing professional opinions and building a reputation within the industry, (4) provide pathways to learn about business analysis best practices, and (5) obtain and sustain a level of financial security, sustainability, and autonomy at the local level.