What document outlines the business analysis approach, activities, and involved parties?

The document that outlines the business analysis approach, activities, and involved parties is the Business Analysis Approach. This document serves as a roadmap for how business analysis activities will be carried out within a specific project or initiative. It defines the scope, objectives, and methodologies to be employed, as well as identifying the stakeholders involved in the business analysis process.

By establishing a clear framework, the Business Analysis Approach ensures that all stakeholders have a mutual understanding of how business analysis methods will be applied, what activities will take place, and who will participate in those activities. This promotes alignment and collaboration among all parties involved, which is essential for the success of the project.

In contrast, the other documents mentioned focus on different aspects of project management or stakeholder communication. The Stakeholder Engagement Plan is centered on strategies for involving stakeholders and managing their expectations. The Project Charter outlines the project’s purpose, objectives, and high-level requirements, serving as an official authorization for the project. The Requirements Management Plan details how requirements will be managed throughout the project life cycle, including techniques for documenting and changing requirements. While all these documents play vital roles in project management, none specifically serve the purpose of detailing the business analysis approach as clearly as the Business Analysis Approach does.