FAQs during Business Analytics Interviews

FAQs during Business Analytics Interviews

1. List some of the frequently used documents a Business Analyst always has at his disposal.
A business analyst associated with an organisation needs to have the following documents at his
● Requirement Management Plan
● User stories
● Project vision Document
● Business Requirement Document
● Use cases
● Functional Specification Document (FSD) or Functional requirement specification (FRS)
● Requirement traceability matrix (RTM)
● Test case
● System Requirement Document (SRD) or System requirement specification (SRS)

2. What is the difference between a BRD and SRS?
A BRD or Business Requirement Specification explains the functional specifications of software
at a very high level. It is formal in nature and describes the client’s requirements.
An SRS or System Requirement Specification explains the technical and functional
speciations of software and is created by an in-house system architect instead of a business

3. What is Gap analysis?
The process of evaluating the differences n performance between software applications and
business information systems to understand if required business needs are being met or not is
called Gap Analysis. The word Gap, here, refers to the present state of the organisation and the
targeted state.

4. How do you explain the importance of non-functional requirements?
Non-functional requirements are important in describing how a system needs to behave ad
what might be the possibility of constraints in functionality. Non-functional requirements make
the system easy to use and also prevent the system from being abandoned.

5. What do you mean by Personas?
Personas can be termed as detailed fictional profiles that follow the methodology of following a
User-Centred Design. A persona represents a certain segment of users that fall under a given
demographic and helps analysts within an organisation comprehend and study behavioural
patterns and attitudes of users.

6. Name the most important elements of an activity diagram.
The most important elements of an activity diagram are listed as follows:

● Action node
● Initial Node
● Activity Final Node
● Decision
● Activity Edge
● Join
● Fork
● Merge

7. Explain UML modelling.
UML or Unified Modeling Language is a modelling language that consists of a set of diagrams
that are integrated and developed in a manner that can help both system and software
developers specify, visualise, construct and document software systems and their artefacts. UML
has also been used for business modelling as well as modelling for other non-software systems, regardless
of whether the system is regular or larger and more complex. The advantage of using a UML is that
business analysts can help their internal project teams communicate among themselves

8. List 5 common problems you may face in business analytics.
The most common problems in business analytics may include:
● Improper or a complete lack of communication during the process of implementation
● Lack of extensive support from the software provider which may hamper analysis results
● Organisation members may be unreceptive to provided or suggested solution
● Lack of industry knowledge on the part of software provider
● Less possibility of user adoption when the solution provided is noot mobile

9. Describe Business Model Analysis.
A Business Model Analysis helps to understand the working of an organisation, whether the
the venture is delivering and meetings its goals, how viable it is or may turn out to be and how
valuable it is.

10. Name 5 important tools used in Business Analytics.
Five of the most important tools in Business Analytics are:

11. What is risk management?
Every decision in an organisation, be it big or small, involves a certain amount of risk that comes
with it. Businesses try and manage these risks in a way so that losses that follow are minimised

and do not have an impact o the overall revenue or taint the company’s reputation. The concept
of controlling or effectively managing the risk taken is called risk management.

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