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BABOK Guide reflects the collective knowledge of the business analysis community and presents the most widely accepted business analysis practices. BABOK Guide recognizes and reflects the fact that business analysis is continually evolving and is practised in a wide variety of forms and contexts.
It defines the skills and knowledge that people who work with and employ business analysts should expect a skilled practitioner to demonstrate. BABOK Guide is a framework that describes the business analysis tasks that must be performed to deliver a solution that will provide value to the sponsoring organization.
Each business analysis task contributes to this overall goal directly or indirectly. Many elements of a task may vary, including the form those tasks take, the order they are performed in, or the relative importance of the tasks. BABOK Guide describes the skills, knowledge, and competencies required to perform business analysis effectively.
It does not describe the processes that people will follow to do business analysis. 4, in October 2005, for consultation with the wider business analysis and project management community, to document and standardize generally accepted business analysis practices. The first formal release was at version 1. 0 was released 31 March 2009.