How is business analysis related to project governance?

Business analysis plays a crucial role in project governance by ensuring that projects align with both business goals and compliance requirements. This alignment is fundamental for the success of any project, as it provides a clear understanding of what the project is intended to achieve in the context of the organization’s overall strategy.

By conducting thorough analysis, business analysts identify the needs and objectives of the business, which informs the project scope and outlines how the project will contribute to strategic initiatives. This ensures that the project not only fulfills its immediate requirements but also supports the long-term vision of the organization. Furthermore, compliance requirements often dictate critical aspects of project execution, and business analysis ensures that these are considered and integrated into project planning and execution.

While monitoring project budgets, managing stakeholder expectations, and ensuring timelines are met are all important aspects of project management, they do not directly address the overarching need for project alignment with business strategy and compliance, which is the essence of effective project governance. Therefore, the focus on aligning projects with business goals and regulatory frameworks is what makes this choice the correct answer in the context of project governance.