Specifically why does a business need a skilled Business Analyst? Businesses waste billions of dollars every year due to failed projects. Creating something that is used is efficient, cost effective, and profitable. Some solutions will be great, but customers will not use them, or they do not meet the business requirements, or cost too much, too complex, or do not meet scope and time constraints. Finding this balance can be difficult and there is not always a clear process to achieve the best results. By having analysts and project managers you create a field based around this concept of having a liaison that justifies the large salaries by saving the company money. Some typical techniques used by a Business Analyst: structured analysis, data modeling, information engineering, mathematical model building, sampling, and cost accounting to make sure their plans are efficient and complete. They also may prepare cost-benefit and return-on-investment analyses (ROI) to help management decide whether implementing the proposed technology would
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