Top Answers to Business Analyst Interview Questions
|Sl.no||Data Analyst||Business Analyst|
|1||The role requires more problem-solving skills and data analysis skills||It requires more of decision-making and data visualization skills|
|2||It is more of an operational role in the organization.||It is more of a strategic role in the organization.|
|3||It requires knowledge of statistics, SQL, data mining, etc.||Knowledge of Business Intelligence, Data Warehousing, Analytics, etc. is required for this role.|
- Analytical thinking and decision-making
- Business and industry knowledge
- Business process management
- Technical and soft skills
- Problem solving and negotiation skills
The requirements and problems of a business/project should be studied and understood by a BA, and he/she should set a scope for the business problem. Feasibility study is identifying the possibility (success rate) of the proposed idea for a business problem. It helps identify new opportunities and focus on the project.
1. Information gathering
2. Identify the key stakeholders
3. Identify the business objective
4. Determine the available options
5. Scope definition
6. Define the delivery plan
7. Define the requirements for a project
8. Implementation and evaluation
A risk is defined as an uncertain event that causes threat to the existing business, which can cause impact on revenue or sometimes on the profits of a business. Risk-management techniques such as risk avoidance, reduction, transfer, and acceptance can be used. We have to identify, analyze, evaluate, and control the risk in a business.
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|Sl. No.||Risk Mitigation||Risk Avoidance|
|1||Risk mitigation is what to do when a risk occurs.||Risk avoidance is what to do to avoid the risk.|
|2||It reduces the probability of risk occurrence.||It avoids the risk by eliminating the cause.|
|3||It checks whether any impact occurs for the project/business.||Impact of the threat occurrence is reduced to 0%.|
|4||Cost is high in case any risk occurs.||Cost is eliminated in risk avoidance.|
There are five phases in project management which include:
1. Project initiation
2. Project planning
3. Project execution
4. Project monitoring and control
5. Project closure
|Sl. No.||Software Development Life Cycle (SDLC)||Project Life Cycle (PLC)|
|1||Used for developing particular software products||Used for developing a new product in the business|
|2||Mostly involves single software across different phases||Involves multiple software in a single customer scenario|
|3||SDLC phases include requirement gathering, design, coding, documentation, operations, and maintenance||PLC phases include Idea generation, screening, research, development, testing, and analysis|
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A Project Manager is responsible for taking decisions, controlling risks, and delivering the project on the stipulated time. His/her responsibilities include:
1. Defining scope
2. Resource planning
3. Cost and budget estimation
4. Risk analysis
5. Quality control
A project will involve a set of activities from start to finish. A critical path is the set of activities which includes the longest path in the whole project. So, a critical path analysis is a key component in reducing project timelines and controlling cost.
Customers, Actors, Transformation process, Worldview, Owners, and Environmental constraints (CATWOE) helps in making decisions ahead of time. It includes analyzing how those decisions will affect customers (C); who are involved as actors (A); what different transformation (T) processes are which might affect the system, global picture, and worldwide (W) issues; who is responsible/has ownership (O) for the business; and what the environmental (E) impacts will be of the project/business.
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In order to develop a strategic plan for an organization, the key components are:
5. Action plan
Business modeling is identifying the value proposition for a business and then building a step-by-step approach for operating the business. This step-by-step approach is known as business modeling. It includes vision, mission, and strategies to achieve the goals.
1. Gathering of requirements
6. Deploying in the business environment
|Sl. No.||Agile Model||Waterfall Model|
|1||Flexible in nature||Structured software development methodology|
|2||Focuses on customer satisfaction, majorly||The internal process does not require customer participation|
|3||Flexible to changes in requirement||Requirements must be clearly defined; changes are difficult to implement|
|4||Incremental approach||Sequential design process|
|5||Testing can be done in every phase||Testing is performed only in the final phase|
Rational Unified Process (RUP) is a product application improvement method with numerous devices to help with coding the last product and assignments identified with this objective. RUP is an object-oriented approach that guarantees successful project management and top-notch software production.
Rapid Application Development (RAD) model is a kind of incremental model. The phases of a project are produced in parallel as individual projects. The developments in the project are timeboxed, delivered, and afterward assembled into a working model.
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Project deliverables are a set of measurable goods and services that are delivered to the end customer at the completion of a project. It is the outcome of the project.
1. Project description
2. Key issues
4. Goals and objectives
7. Budget and time
Requirement Traceability Matrix (RTM) is used to record all the requirements given by a client, so the purpose of RTM is to ensure that all of the mentioned requirements are met.
Business process modeling is a part of business process management, which is used to improve the business process. It is the representation of an organization’s business process.
1. It is used to picture a clear understanding of the business processes.
2. It provides consistency and control over the processes of the project.
3. It is used to identify and eliminate errors and bottlenecks.
4. It gives a pathway for clear start and end for the process without hassles.
Unified Modeling Language (UML) is a general-purpose, developmental modeling language that provides a standard way to visualize the system. It is used to:
1. Reason the system behavior
2. Detect and eliminate errors
3. Propose design plans to stakeholders
1. Make sure that your key deliverables are met.
2. The budget and time for the project should not be extended.
3. Quality deliverables are maintained.
With Agile methodology, Business Analysts act as a bridge between the development team and stakeholders. They act on key deliverables to prioritize and deliver the project in the stipulated time and budget.
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Scope creep is defined as the uncontrolled or sudden changes or deviations in the project’s scope without changes in other resources of the project. It is due to the failure in proper monitoring, miscommunication, etc.
Elicitation is a practice of collecting requirements from end customers and stakeholders; it is a requirement-gathering process. Various techniques involved in this are:
2. Document analysis
3. Focus group
4. Interface analysis
8. Requirements workshop
9. Reverse engineering
1. Market analysis
2. SWOT analysis
4. Competitor analysis
5. Identifying the strategic vision
BPMN gateway is used for controlling the sequence of processes and flow of interaction, which is in a way a processing modeling component.
The elements of BPMN gateway are:
1. Flow objects
2. Data connection objects
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