Business Analytics is the IT practice of doing an iterative and methodical examination of a company’s data, with a deep focus on a statistical analysis of the same. Business analytics is normally used by Companies who are committed to the data-driven process of decision-making.
Business Analytics is a good way to gain insights that help in making informed business decisions and can be really used to automate as well as optimize business processes.All the Data-driven Companies of the world treat their data as a corporate asset and also leverage the same for a competitive advantage whenever they can.
All the prominent Companies today, use business analytics to predict future outcomes and perform statistical analysis for business growth. The studies show that by the year 2020, India alone would require 1.2 million Business Analysts.
As per the latest data collected as of January 02, 2018, an average salary of Business Analytics Manager is $115,721. This is the reason that hiring in the field is an all-time high. Here are some really good questions that you can expect in your interview on Business Analytics at the intermediate and advanced level.
For the professionals who are looking forward to attending the BA interview recently at the intermediate level with 2-3 years of experience, here are some of the most popular interview questions and answers that will surely help you in the right way. Over here, we have included the top frequently asked questions with answers to help the intermediates in the field.
Q1). Explain the key roles and responsibilities of a business analyst?
Some of the important assistance anticipated from any Business Analyst are:
Q2). What is a flowchart?
Flowchart displays the comprehensive flow of system through signs and diagrams. It is important since it makes the system simple to recognize for developers and all concerned individuals.
Q3). Explain the meaning of an activity diagram.
An activity diagram is an easy and instinctive type of a flow chart which permits experts to present a strong and simple graphical workflow of a professional use case. The goal of an activity figure is to display numerous events taking place in an association in diverse sections.
Q4). What are the important elements of an activity diagram?
These are activities, initial nodes, control flows, decisions, a fork, guard conditions, joins, or end nodes, etc.
Q5). Explain the meaning of project management?
Project management is the procedure of planning, establishing, inspiring, and governing resources, events, and procedures to attain a definite goal. It is used to establish technical and everyday glitches. The chief task of project management is to attain all the project areas. These are period, excellence, opportunity, budget, etc.
Q6). Explain what is the meaning of a requirement?
A requirement is a capability influenced by a solution to resolve a trick or attain an objective. Necessities are a contribution to numerous stages of SDLC and must be correctly documented and authenticated by occupational users/investors.
Q7). What is PaaS?
PaaS is one of the categories of cloud computing that provides a platform and environment to let the developers build apps and services over the internet. PaaS services are hosted in the cloud and are accessed by users simply through their web browsers.
Q8). What is SaaS?
Software as a service (SaaS) is a software distribution model in which a third-party provider hosts application and makes them accessible to customers over the Internet.
Q9). What is IaaS?
Infrastructure as a service (IaaS) is a form of cloud computing that provides for virtualized computing resources over the internet itself.
Q10). What is CaaS?
Communications as a Service (CaaS) is an outsourced scheme interactions solution that can be leased from a single vendor over the web.
Q11). Explain the significance of a flow chart?
A flow chart is a means that delivers a graphical picture of a process. This diagram will make an organization simple to comprehend for everybody that is intricate with the scheme that is happening. If you have a huge and multifaceted development with many units, information, data sources, data end and procedures involved, a data flow chart is one of the most real ways of making logic of all that statistics. The flowchart typically apprehensions itself with the flow of information through the organization. It is commonly used in Structured Systems Examination and Design.
Q12). How do you describe Personas?
Personas are used in its place of real users that support developers and methodological team to justice the user behavior in different situations, more undoubtedly. Personas are fundamentally social roles, achieved by any actor or character. It is resultant from a Latin word meaning character. In the advertising language, it signifies a group of clienteles/end users.
Q13). Explain the meaning of Application Usability?
Application usability is the excellence of the organization that makes the organization more useful for its end users. System’s usability is respectable if it is accomplished of attaining users’ goals.
Q14). Name the tools that are used for business analysis?
The common tools used by a BA are Rational tools, Microsoft Excel, Microsoft Word, PowerPoint, MS Project, ERP systems.
Q15). What is meant by Benchmarking?
The entire process of measuring the quality of policies, programs, products, rules and many other measures of a company against the standard measures set for those attributes or against the other similar companies is termed as benchmarking in BA.
Q16). What are the documents that are used by a BA in a Project?
As a Business Analyst, various documents used by a BA in a project include Functional Specification document, Technical Specification document, Business requirement document, Use case diagram, Requirement Traceability Matrix, etc.
Q17). What is a Use Case?
A use case is the diagrammatical representation of the system that describes how a user is connected with the system to achieve a particular goal. It is an integrated part of the software engineering that defines the targeted features and resolution of errors that may be encountered by a user.
Q18). What are the skills needed by BA for getting hired?
Q19). What are the fundamental skills requirements for a BA?
Q20). What are the technical skills requirements for a BA?
Q21). What are the business analysis skills requirements for a BA?
Q22). What is UML modelling?
UML is a Unified Modelling Language. UML is normal that the business practices for envisaging, recording, and building numerous components of a system. It is a modelling standard cast-off mainly for software development, but can also be used for additional theoretical models such as relating job roles, occupational procedures, and administrative functions.
For Business Analysts, UML is able to signify necessities with use cases, class plan, and state drawings. For Business Analysts, the significant part of considering UML is in thoughtful the drawing tools and when and in what way to use them greatest.
Q23). What is SRS (System Requirement Specifications)?
An SRS is a document or a set of documents that explains the features of a system or a software application. It includes a set of elements with intended facilities required by customers or stakeholders to satisfy end-users. Additionally, SRS gives high-level abstraction of a system and its behavior.
Q24). What are the key elements of an SRS document?
The key elements of an SRS document can be given as:
Q25). What is a scope creep?
The scope creep or requirements creep means uncontrolled changes in the project’s scope within the same schedule or budget. It is an example of poor project management that leads to project failure later.
Q26). What are the causes of scope creep?
The possible causes of scope creep within a project scope can be given as:
Q27). How to avoid the scope creep?
Here are the few ways how to avoid the scope creep issues:
Q28). How to compare business analytics and business analysis?
Business Analysis: It is a process that identifies business needs and suggests solutions to tough business problems by utilizing powerful business analysis tools like PESTEL, SWOT, FIVE, WHY, etc.
Business Analytics: It is used to gather and analyze data collected from different sources and evaluating meaningful insights from the same. Four major types of business analytics process are – Descriptive analytics, prescriptive analytics, decisive analytics, and predictive analytics, etc. You may use BI or big data techniques for business analytics process.
Q29). What do you mean by the process design?
It helps businesses to analyze challenges and to find effective solutions for the same. Process design workflows are designed to get the best possible outcome in the shortest period.
Q30). From a business analyst perspective, how a requirement and need are different?
Needs are defining the future needs of the business while requirements represent the current needs of a business.
Q31). What is a requirement elicitation technique?
Requirement elicitation is the process of requirements gathering from stakeholders, users, customers by conducting sessions, meetings, interviews, questionnaires, or brainstorming prototyping, etc.
Q32). What are the non-functional requirements of a project?
Non-functional requirements represent the performance-level characteristics of a project like how fast it can behave, how smooth is the user interface, the security level of the application.
Q33). How to capture the non-functional requirements?
No-functional requirements are captured in the SRS document of a project.
Q34). Name the documents that are used to capture non-functional requirements?
These documents are SDD (Software Design Document) and FRD (Functional Requirement Document) etc. that are used to captured non-functional requirements.
Q35). For a use case diagram, how will you define the alternate flow?
It is an alternate solution or activity to follow in case of the system failure.
Q36). How is exceptional flow different from the alternate flow?
Alternate flow is an alternate solution or activity to follow in case of the system failure other than the main flow. It is also named as the optional flow. At the same time, exceptional flow is the path traversed in case of any exception or error.
Q37). Should a business analyst get involved in testing?
Yes, a business analyst should get involved in testing because he is familiar with the overall requirements and challenges associated with an application or software project. Also, he can be instrumental in managing error during the testing phase and resolve any system query.
Q38). What is the meaning of INVEST in business analytics?
It is Independent, Negotiable, Valuable, Estimable, Sized Appropriately, Testable, etc. The INVEST rule guides project managers and technical team to deliver projects on time.
Q39). What is BPMN in Software Engineering?
BPMN stands for business process model and notation that shows the graphical representation of business processes.
Q40). What are the basic elements of BPMN?
These are flow objects, data, connecting objects, swim lanes, artifacts, etc.
These questions are suitable for experienced BAs having more than three years of experience in this domain and looking for a job change for their career advancements.
Q41). Explain briefly the role of a BA in a group?
A business analyst is a connection amid diverse stakeholders in a group. He turns as a bridge, a connector, and benefits the complete project teamwork as a firmly integrated unit. Since investors belong to diverse domains (e.g., economics, occupational, marketing), it’s very significant for a business analyst to be talented to sort and bring in parallel the requirements of these investors while satisfying the business purposes at the same time.
Q42). How to measure the quality of a requirement as a business analyst?
We can use the SMART rule to measure the quality of a requirement as a business analyst. Here, SMART stands for Specific, Measurable, Attainable, Relevant, timely, etc.
Q43). Explain the use case model?
The use case model comprises of 2 chief elements:
Q44). Differentiate between Risk and Issue?
Risk is somewhat which you can estimate and can grip by expressing mitigation tactics whereas a Risk which occurred is known as Issue. Once the matter has happened, it is solved by eventuality management or Issue management. Usually, issues are not resolved, but you can get an example from there for additional projects.
Q45). How will you define Pareto Analysis as a business analyst?
Pareto analysis is also named as the 80/20 rule, and it is a suitable decision-making technique for defects resolutions and quality control. As per this rule, 20 percent causes create 80 percent defects in a system.
Q46). Explain the meaning of GAP Analysis, and what is its position?
GAP examination is the procedure of associating the present state and the planned state of any occupational and its functionalities. It comes beneath the Enterprise Examination, which is an information part of a Business Analyst. It benefits in defining what steps essential to be taken to meet the planned state necessities for the occupational.
In simple language, it can be well-defined as a gap amid two questions – ‘Wherever we are?’ and ‘Wherever we need to be?’
Q47). What are the different types of gap encountered by a business analyst during the gap analysis process?
These are the performance gap, product gap, profits gap, workforce gap, etc.
Q48). As a business analyst, how will you assure that all requirements are gathered properly?
It is possible to conclude whether all requirements are gathered well or not in the following scenarios:
Q49). How to perform the requirement gathering process in software engineering?
The major steps involved in the requirements gathering process are:
Q50). What are the steps to follow when designing a use case?
Here are the basic steps to follow when designing a use case:
Q51). What is BRD?
A BRD or business requirements document is a formal contract between an organization and customers for a product.
Q52). How is BRD different from SRS documents?
Q53). What is RUP Methodology?
RUP or Rational Unified Process is a product improvement technique with numerous devices and tools. It guarantees successful project management in the end and top-notch software production too.
Q54). What is RAD Methodology?
RAD or Rapid Application Development is an incremental method where project modules are developed in parallel as independent products.
Q55). How will you define the requirement prioritization?
Requirement Prioritization is the process for allocating resources based on business urgency to multiple sources like costs, schedules, etc.
Q56). What are the popular techniques for requirement prioritization?
Here are the following techniques that can be used for the requirement prioritization.
Q57). What is the Kano Analysis?
Kano analysis is the process used to analyze system requirements and its impact on customer satisfaction.
Q58). What the role and responsibilities of a business analyst during project implementation?
A business analyst is extremely important for the implementation of a project. Here are a few role and responsibilities to be followed by every business analyst.
Q59). How to define Agile Manifesto?
Agile Manifesto is a software guide explains about the agile development principles and ensures iterative product solutions.
Q60). Mention the essential qualities of an Agile Business analyst.
An agile should be able to perform the following activities:
Q61). Why should a business analyst focus on waterfall model instead of the Scrum model?
If project requirements are simple and easy to understand, a business analyst should focus on waterfall model instead of the scrum.
Q62). What are the key phases of business development?
The four key phases of business development: Forming, Storming, Norming, and Performing.
Q63). How can you define a Kanban tool in business analysis?
It is a tool that helps agile teams to guide and manage work visually as it is progressing through processes. Besides, it is a scheduling system in agile just-in-time production to describe the current development status.
Q64). Mention a few important agile metrics to consider by business analysts?
Q65). What is the meaning of increment in business analysis?
Increment refers to the sum of all product backlog items completed within a sprint. The new increment value includes the increment of previous sprints too.
Q66). Mention popular agile methodologies for project management.
Q67). How to compare the iterative and incremental development?
Iterative software development happens without any interruptions. While incremental software development follows the product design, implementation, and testing incrementally until the product is finished.
Q68). How to compare scrum and extreme programming?
Scrum and extreme programming both are based on iteration known as sprints. However, sprint may last from two weeks to months based on the project schedule. Extreme programming is more flexible than scrum as it does not allow changes during iterations.
Q69). How should a business analyst perform risk management for your project?
A risk is an uncertain event that may cause an impact on the revenues and profits of the business. With the risk management techniques, we can manage, identify, and control risks for a business.
Q70). How to compare risk mitigation and risk avoidance?
Q71). Who is a BA as per your understanding?
A business analyst or BA acts as a bridge between an organization and stakeholders. He connects with stakeholders to clarify or finalize requirements, helps the project team in project planning, designing or validating components, etc. A business analyst should have the adequate domain knowledge to deal with stakeholders who belong to different domains.
Q72). What are the possible types of actors to use with use case diagram?
These could be primary actors or secondary actors. Primary actors start the process, and secondary actors assist the primary actors. Further, they are categorized into four major types:
Human, System, Timer, and Hardware.
Q73). Why should a business analyst get involved in the implementation of requirements?
The two major tasks of a business analyst are – Delivering analytical business solutions and gaining the relevant domain knowledge. During the actual implementation of requirements, a business analyst helps in resolving business strategies and finding tough business solutions in different scenarios.
Q74). What are the challenges that can be faced by a business analyst during project implementation?
From initial to post implementation of a project, business analysts may have to face the following problems:
Q75). How can you define a requirement elicitation strategy?
Requirement elicitation is the process of requirements gathering from stakeholders, users, customers by conducting sessions, meetings, interviews, questionnaires, or brainstorming prototyping, etc.
Q76). How can you define the business model analysis?
It is a technique to analyze whether a business is viable or valuable regarding social or economic perspectives. It designs the foundation for a required business model change and innovation for an organization.
Q77). What are the skills requirements to solve a business problem by business analysts?
Q78). What is the difference between a Data Analyst and a Business Analyst?
Q79). What are the core competencies of a business analyst?
Q80). How to define the feasibility study?
The feasibility study is all about identifying the success rate of a proposed idea for a business problem. It helps in identifying new opportunities and focus more on a project.
Q81). What are the different phases of an IT project?
The different phases of an IT project can be given as:
Q82). What are the role and responsibilities of a project manager?
A project manager is responsible for making decisions, control risks, and deliver the project on the stipulated time frame. The role and responsibilities of a project manager can be given as:
Q83). What do you mean by the critical path analysis?
A project involves a set of activities from start to end; a critical path is defined as a set of activities that involve the longest in a whole project. It can be taken as the key element in reducing the overall project delivery timelines and costs.
Q84). What is CATWOE in business analysis?
CATWOE means Customers, Actors, Transformation process, Worldview, Owners, and Environmental Constraints. It is a tool that helps in driving meaningful insights from the collected data and making powerful decisions from the same.
Q85). What are the various components of strategic analysis?
The various components of strategic analysis can be given as:
Q86). How to define business modeling in business analysis?
Defining a step-by-step process for operating a business is named as the business modeling that includes mission, vision, and strategies to achieve those goals.
Q87). List different types of software engineering processes.
Q88). What do you mean by project deliverables?
These are the set of measurable goods or services delivered to end customers on project completion. It can be taken as the project outcome too.
Q89). What are the key components of the requirements work plan?
Requirements Work Plan
Q90). What is the objective of designing a requirement traceability matrix?
RTM is used to record all requirements by a client. So, it makes sure that all business requirements are met properly.
Q91). Why is business process modeling significantly?
Business process modeling is significant due to the following reasons:
Q92). What is the objective of using UML in business analysis?
UML or unified modeling language in business analysis is needed for the following reasons:
Q93). What are the initial steps involved in project development?
The initial steps involved in project development can be given as:
Q94). Can you name two diagrams that frequently used by a business analyst?
These are use case diagram and Collaboration diagrams.
Q95). What are the exceptions?
These are unexpected errors encountered when you run an application.
Q96). What are extends?
Extends are relationships that are shown by the dotted lines. They usually refer to optional behavior, having no independent meaning.
Q97). What steps are required to convert an idea to a product?
You have to perform market analysis, SWOT analysis, gap analysis, persons, competitor analysis, and other similar strategies for converting an idea into working product.
Q98). What is a user-centric design methodology?
It completely depends on end users and designed based on their requirements. Personas are considered extremely helpful for designing a user-centric methodology.
Q99). Which to choose for project development, Waterfall, or Spiral models?
Well, it depends on project nature. If requirements are simple then you can choose the waterfall in this situation otherwise you can opt for the Spiral model.
Q100). Do you have any idea of the Pugh matrix?
Pugh matrix is generally used for evaluating alternate or optional solutions. It is a part of the Six Sigma technique.
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