Solid Business Analysis is the Foundation for all new Projects! An IT project requires a well-founded strategy, as would any other brick and mortar project. A quick search for Why IT Projects Fail reveals that the top reason for project failure is poor project planning. In can be difficult to plan IT projects because their tasks can be intangible. However, the discipline of business analysis is used to identify tangible project requirements and to specify tangible solutions to project goals. Software Requirements Specification (SRS) Project Solution Specification With the completion of project software requirements specifications, a project solution must be specified by taking into all account architectural components required to build the system. This involves hardware, software and project resources. To assist in the development of the solution specification, several business analysis tools or techniques will be used.