Business Analyst Interview Questions and Answers

Ques 11. What is the purpose of the Requirement Traceability Matrix?

It records all the requirements given by a client and ensures that all the necessities are met. 

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Ques 12. What is business modelling?

Business modelling is a step- by -step approach for identifying the value proposition for operating the business. 

The key attributes of business modelling to develop a strategic plan for an organization are:

• Vision
• Mission
• Objectives
• Strategies
• Action plan

Ques 13. What do you understand by Gap Analysis, and what are the types of gaps that can occur during an analysis?

Gap Analysis means the analysis of the differences between the functionalities of an existing and the targeted system. The gap means changes that are required to accomplish the proposed result.

• Profit Gap is the change between the actual and estimated profit of a company.
• Manpower Gap is the change between the actual and required workforce strength in a company. 
• Performance Gap is the difference between the expected and actual performances.
• Market Gap is the variation between estimated actual sales.

Ques 14. Explain your typical work tactic for a project.

This question is one of the most crucial business analyst interview questions asked by a  manager to assess your work strategy, teamwork, and project management skills.

To answer this question, you can explain the general steps you follow with standard deliverables. For example, if you have managed the planning phase of a project, you could mention deliverables like a requirements management plan, work breakdown structure, or a communication plan.

Each business faces different situations and has distinct needs, but these fundamental steps are essential to achieve a task successfully:

• Firstly, you must clarify your role and determine the stakeholder's perspective in the project. You should define primary objectives along with reconciling the expectations conflict among stakeholders.
• Create a work plan listing steps, timelines, and deliverables.
• Define actionable and concise requirements.
• Ensure technical implementation, as many solutions require the support of IT teams.
• Create documentation and train end-users to implement the solution.
• Finally, assess the value of the project. Did it work, or any follow-ups are needed? 

You should focus on your experience to describe your skills and explain the customized tactics you use.

Ques 15. What is Business Analysis?

Business Analysis is the set of analysis, tasks, knowledge, and techniques required to identify business needs, requirements and determine solutions to enterprise business problems. The general definition is similar, the practices and procedures may vary in different industries.

In Information technology industry, solutions often include a systems development requirements, but may also consist of process or organizational change.

The business analysis may also be performed to get the output of the current state of an organization or business or project. In most cases, however, business analysis is performed to define and certifify solutions that meet business needs, goals, or objectives.