{"id":54,"date":"2012-04-24T16:53:38","date_gmt":"2012-04-24T16:53:38","guid":{"rendered":"http:\/\/blog.devexperts.com\/?p=54"},"modified":"2022-05-18T11:03:02","modified_gmt":"2022-05-18T11:03:02","slug":"business-analysis","status":"publish","type":"post","link":"https:\/\/devexperts.com\/blog\/business-analysis\/","title":{"rendered":"Expert Approach in Managing Software Projects"},"content":{"rendered":"\n<p>The modern world is rapidly becoming one where outsourcing is a necessity. Almost everyone is outsourcing software projects to companies that are specialists in software development. That approach brings risks because of the potential for miscommunication. Generally speaking, programmers and business people do not speak the same language. Their respective education is in only one of two different arenas\u2014technology or finance.<\/p>\n\n\n\n<p>An Analyst, or Project Manager (PM) is assigned as the interface between the business\/client\u2019s needs and the team of programmers who are physically writing the software. When a misunderstanding takes place, it becomes the responsibility of the Analyst\/PM to solve the problem. The problem generally results from one of three possible types of communications failures:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The team doesn\u2019t understand the business goal because the Analyst\/PM did not understand the needs of the business\/client originally.<\/li><li>The Analyst\/PM is not effectively communicating the needs of the client to the programming team.<\/li><li>The team suffers from a communication bottleneck. That is, the Analyst\/PM is constantly relying on guidance that is not forthcoming from the business\/client in a timely manner.<\/li><\/ul>\n\n\n\n<p>We have resolved these difficulties in two steps.<\/p>\n\n\n\n<p>The first step is to bring the PM closer to the customer. The&nbsp;common<em> approach to business software development&nbsp;<\/em>is based on the principle that the Analyst\/PM must be absolutely current in both computer technology as well as the fields of investment and business planning. Because of this experience, the Analyst\/PM speaks the same language as the business\/client, rather than following blind directions for mysterious chunks of code that are personally meaningless.<\/p>\n\n\n\n<p>The second step is to make the team closer to the customer.<\/p>\n\n\n\n<p>The&nbsp;<em>expert\u2019s approach to business software development&nbsp;states that<\/em> the entire IT team understands the business, the scope of the project, the environment that the project will operate in, and exactly how it will be implemented. Their education is kept current by attending conferences where the state-of-the-art in software is explored, as well as frequent seminars on business and investment strategies in today\u2019s challenging global economy. Without a team that understands these goals and the logic behind the software that they are developing, the result ends up being a multifunctional building, and although it may be functional and solid, it lacks the interface needed by the customer. Instead, by having a team that understands the industry and the full scope of the project, a cohesive and efficient software application can be reliably built.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The modern world is rapidly becoming one where outsourcing is a necessity. Almost everyone is outsourcing software projects to companies &hellip; <\/p>\n","protected":false},"author":7,"featured_media":1668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2020],"tags":[13],"class_list":["post-54","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-agile"],"acf":{"nifty_post_card_image":null,"nifty_post_card_index_big":null,"nifty_post_inner_image":null,"nifty_post_card_banner":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Expert Approach in Managing Software Projects \u2013 Devexperts Blog<\/title>\n<meta name=\"description\" content=\"Business analysis approach for software development companies in financial market. Overcome miscommunication in project management\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devexperts.com\/blog\/business-analysis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expert Approach in Managing Software Projects\" \/>\n<meta property=\"og:description\" content=\"Business analysis approach for software development companies in financial market. Overcome miscommunication in project management\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devexperts.com\/blog\/business-analysis\/\" \/>\n<meta property=\"og:site_name\" content=\"Devexperts Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/devexperts\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-24T16:53:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-18T11:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png\" \/>\n\t<meta property=\"og:image:width\" content=\"3840\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kristina Erofeeva\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@devexperts\" \/>\n<meta name=\"twitter:site\" content=\"@devexperts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kristina Erofeeva\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/\"},\"author\":{\"name\":\"Kristina Erofeeva\"},\"headline\":\"Expert Approach in Managing Software Projects\",\"datePublished\":\"2012-04-24T16:53:38+00:00\",\"dateModified\":\"2022-05-18T11:03:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/\"},\"wordCount\":427,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/devexperts.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png\",\"keywords\":[\"agile\"],\"articleSection\":[\"Fintech\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/devexperts.com\/blog\/business-analysis\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/\",\"url\":\"https:\/\/devexperts.com\/blog\/business-analysis\/\",\"name\":\"Expert Approach in Managing Software Projects \u2013 Devexperts Blog\",\"isPartOf\":{\"@id\":\"https:\/\/devexperts.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png\",\"datePublished\":\"2012-04-24T16:53:38+00:00\",\"dateModified\":\"2022-05-18T11:03:02+00:00\",\"description\":\"Business analysis approach for software development companies in financial market. Overcome miscommunication in project management\",\"breadcrumb\":{\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/devexperts.com\/blog\/business-analysis\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage\",\"url\":\"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png\",\"contentUrl\":\"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png\",\"width\":3840,\"height\":700},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/devexperts.com\/blog\/business-analysis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/devexperts.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Expert Approach in Managing Software Projects\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/devexperts.com\/blog\/#website\",\"url\":\"https:\/\/devexperts.com\/blog\/\",\"name\":\"Devexperts Blog\",\"description\":\"We make complex finance ideas on technology, innovation and business simple\",\"publisher\":{\"@id\":\"https:\/\/devexperts.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/devexperts.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/devexperts.com\/blog\/#organization\",\"name\":\"Devexperts LLC\",\"url\":\"https:\/\/devexperts.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/devexperts.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/devexperts.com\/blog\/app\/uploads\/2019\/08\/DX-logo.png\",\"contentUrl\":\"https:\/\/devexperts.com\/blog\/app\/uploads\/2019\/08\/DX-logo.png\",\"width\":167,\"height\":30,\"caption\":\"Devexperts LLC\"},\"image\":{\"@id\":\"https:\/\/devexperts.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/devexperts\/\",\"https:\/\/x.com\/devexperts\",\"https:\/\/www.linkedin.com\/company\/devexperts\",\"https:\/\/www.youtube.com\/channel\/UCF3FRmes2KrcVsTXQ1aAB5w\/featured\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Expert Approach in Managing Software Projects \u2013 Devexperts Blog","description":"Business analysis approach for software development companies in financial market. Overcome miscommunication in project management","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/devexperts.com\/blog\/business-analysis\/","og_locale":"en_US","og_type":"article","og_title":"Expert Approach in Managing Software Projects","og_description":"Business analysis approach for software development companies in financial market. Overcome miscommunication in project management","og_url":"https:\/\/devexperts.com\/blog\/business-analysis\/","og_site_name":"Devexperts Blog","article_publisher":"https:\/\/www.facebook.com\/devexperts\/","article_published_time":"2012-04-24T16:53:38+00:00","article_modified_time":"2022-05-18T11:03:02+00:00","og_image":[{"width":3840,"height":700,"url":"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png","type":"image\/png"}],"author":"Kristina Erofeeva","twitter_card":"summary_large_image","twitter_creator":"@devexperts","twitter_site":"@devexperts","twitter_misc":{"Written by":"Kristina Erofeeva","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#article","isPartOf":{"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/"},"author":{"name":"Kristina Erofeeva"},"headline":"Expert Approach in Managing Software Projects","datePublished":"2012-04-24T16:53:38+00:00","dateModified":"2022-05-18T11:03:02+00:00","mainEntityOfPage":{"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/"},"wordCount":427,"commentCount":3,"publisher":{"@id":"https:\/\/devexperts.com\/blog\/#organization"},"image":{"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage"},"thumbnailUrl":"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png","keywords":["agile"],"articleSection":["Fintech"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/devexperts.com\/blog\/business-analysis\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/devexperts.com\/blog\/business-analysis\/","url":"https:\/\/devexperts.com\/blog\/business-analysis\/","name":"Expert Approach in Managing Software Projects \u2013 Devexperts Blog","isPartOf":{"@id":"https:\/\/devexperts.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage"},"image":{"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage"},"thumbnailUrl":"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png","datePublished":"2012-04-24T16:53:38+00:00","dateModified":"2022-05-18T11:03:02+00:00","description":"Business analysis approach for software development companies in financial market. Overcome miscommunication in project management","breadcrumb":{"@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/devexperts.com\/blog\/business-analysis\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#primaryimage","url":"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png","contentUrl":"https:\/\/devexperts.com\/blog\/app\/uploads\/2017\/08\/purple-full.png","width":3840,"height":700},{"@type":"BreadcrumbList","@id":"https:\/\/devexperts.com\/blog\/business-analysis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/devexperts.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Expert Approach in Managing Software Projects"}]},{"@type":"WebSite","@id":"https:\/\/devexperts.com\/blog\/#website","url":"https:\/\/devexperts.com\/blog\/","name":"Devexperts Blog","description":"We make complex finance ideas on technology, innovation and business simple","publisher":{"@id":"https:\/\/devexperts.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/devexperts.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/devexperts.com\/blog\/#organization","name":"Devexperts LLC","url":"https:\/\/devexperts.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/devexperts.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/devexperts.com\/blog\/app\/uploads\/2019\/08\/DX-logo.png","contentUrl":"https:\/\/devexperts.com\/blog\/app\/uploads\/2019\/08\/DX-logo.png","width":167,"height":30,"caption":"Devexperts LLC"},"image":{"@id":"https:\/\/devexperts.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/devexperts\/","https:\/\/x.com\/devexperts","https:\/\/www.linkedin.com\/company\/devexperts","https:\/\/www.youtube.com\/channel\/UCF3FRmes2KrcVsTXQ1aAB5w\/featured"]}]}},"_links":{"self":[{"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/posts\/54","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/comments?post=54"}],"version-history":[{"count":55,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/posts\/54\/revisions"}],"predecessor-version":[{"id":4137,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/posts\/54\/revisions\/4137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/media\/1668"}],"wp:attachment":[{"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/media?parent=54"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/categories?post=54"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devexperts.com\/blog\/wp-json\/wp\/v2\/tags?post=54"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}