Analysis of Business Needs and Requirements

Analysis of Business Needs and
Requirements
Student Name: Student ID:
Subject Name: Business Analysis Subject ID: IAB204
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Executive Summary
Gold industry’s leading producer is in Australia Avoca Resources Limited. Based in
Perth, the Company is responsible for producing high quality gold. Recently emerging gold
producers from Asia, especially China has led to rise in fierce competition.Cost competitiveness
challenge has led to downfall in market share in the international market for the company. This
project encompasses stakeholder analysis and root cause definition of the problem for arriving at
suitable solution to the project problem.
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Table of Contents
Executive Summary.........................................................................................................................2
Table of Figures...............................................................................................................................3
1.0 Introduction................................................................................................................................4
2.0 Needs Assessment................................................................................................................4
2.1 Problem Statement:................................................................................................................4
2.2 Stakeholder Analysis:.......................................................................................................6
2.3 Root-Cause Analysis:........................................................................................................8
2.4 Current Capabilities Analysis:........................................................................................10
2.5 Capability Gaps:..................................................................................................................12
3.0 Requirements Elicitation....................................................................................................13
4.0 Requirements Analysis............................................................................................................13
5.0 Conclusion...............................................................................................................................14
6.0 Reference Lists........................................................................................................................15
7.0 Appendix..................................................................................................................................16
7.1 Appendix 1: Australia’s gold production and share of global production...........................16
7.2 Appendix 2: Global production Shares................................................................................16
7.3 Appendix 3: Mine Production Winners and Losers............................................................17
7.4 Appendix 4: Cost Comparison for Major Gold Producers..................................................18
7.5 Appendix 5: Cost Escalation in Australian Gold Mining Industry......................................18
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1.0 Introduction
Mining sector in Australia has been experiencing tough challenges from globalization.
Australia has leading mineral resources in the world but its rival manufactures in Asia as China
is transforming market prices of global commodities. Strong urge for minerals helped maintain
strong demands for various minerals but China, which consumes most of the world’s metal base
is primary importer from Australia as well. Avoca Resources Limited (AVO) an Australian
based gold miner from Perth is experiencing significant number of challenges most important
being cost challenge. Among other concerning areas of the company were the core sustainability
issues such as shortage of energy, pattern of chemical consumption, environmental pollution and
scarcity of water. The policies framed by the government also deterred the revenue proportion
because of taxation and workplace legislation policies. The problem resembles with that of
inaccessible areas of Canada. Further tribulations were impatient nature of industry, ever
increasing labor union power. It has to be noted that the growth of communication means in
western part of Australia due to gold mining activities. This was an eye opener as well as
adaptive approach for the company. But on the positive side, the market trends reflected positive
changes in returns for all the stakeholders. Some of the solutions were identified, as increasing
the proportion of contactors who would deal with labor and immigration problems, inclusion of
non-resident people in the labor force and restructuring the working hours to shifting schedules.
The usage of modern information technology has helped in big way. The assessment of
pollutants, like mercury vapor inside gold mines has helped in creating awareness and early alert
systems in the mines. Early earth quake signaling, water source search machines, and increased
satellite help by real time images of land characteristics have helped the industry. These cues
were noted by the company.
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