In January 2016, the IIBA announced that it will change from Version 2 to Version 3 of the BABOK in the third quarter of 2016. Once the new v3 exam is available, students will no longer be able to write the v2 exam.

In this article, I will provide a brief overview of two significant additions in BABOK Version 3.

The first major addition is the BACCM (Business Analysis Core Concept Model). The BACCM model consists of six core concepts:

1. Change: The act of transformation in response to a need.
2. Need: A problem or opportunity to be addressed.
3. Solution: A specific way of satisfying one or more needs in a context.
4. Stakeholder: A group or individual with a relationship to the change, the need or the solution.
5. Value: The worth, importance or usefulness of something to a stakeholder within a context.
6. Context: The circumstances that influence, are influenced by, and provide understanding of the change.

The second major addition is perspectives.  The five perspectives are:

1. Agile: Agile is about having a flexible mindset, embodied in a set of values and principles and exhibited by a variety of complementary practices.
2. Business Intelligence: The focus of business intelligence is the transformation of data into value added information.
3. Information Technology: This perspective focuses on non-agile approaches to IT initiatives.
4. Business Architecture: Business architecture models the enterprise in order to show how strategic concerns of key stakeholders are met and to support ongoing business transformation efforts.
5. Business Process Management: Business Process Management determines how manual and automated processes are created, modified, cancelled and governed.

If you are interested in learning more information about a future BABOK Version 3 study group in Calgary, please send an e-mail to the Study Group Coordinator at studygroup@calgary.iiba.org

Article by: Englebert Lau, VP of Corporate Development