AuthorMatt

I am London based Ecommerce Business Analyst & Technical Lead. Always keen to chat.

POPIT

P

POPIT is an acronym for People, Organisation, Processes, Information Technology.

Business Activity Model (BAM)

B

BAM is an acronym for Business Activity Model, which is a conceptual model that shows what the business / organisation is doing. The steps in a BAM are: Planning Activity > Enabling Activity > Doing Activity > Monitoring Activity > Controlling Activity.

RACI

R

RACI is an acronym for a responsibility matrix used to identify a role’s input into specific tasks – Responsible, Accountable, Consulted, Informed. Sometimes it can be RASCI where the S is for Supportive. 

MOST

M

MOST is an acronym for:

Mission – what the business wants to achieveObjectives – goals to realise the missionStrategy – approach to be taken to meet the objectivesTactics – detailed steps to reach the strategy

OSCAR

O

OSCAR is an acronym for Objectives, Scope, Constraints, Authority, Resource.

Porter’s Five Forces

P

Porter’s Five Forces is a framework for analysis of the competition that a business faces, and to assess the profitability of an industry.

Bargaining Power of SuppliersBargaining Power of BuyersThreat from Substitute ProductsThreat of New EntrantsIndustry Competitors

PESTLE

P

PESTLE is an acronym that is used to identify key external stimulus within an organisation. The acronym stands for:

Political (e.g. trade unions), Economic (competitors, interest rates), Societal (demographics social mobility), Technological (reduction of barriers to entry), Legal (regulation, employment law), Environmental (waste, going green).

SMART

S

SMART is an acronym for Specific, Measurable, Attainable, Realistic, Time-boxed. A method for ensuring goals or targets follow a formula.