Barclays Shared Services Analyst BA4 Interview Questions and Answers

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• The individual pays a premium to the insurance company in exchange for coverage.

• Types of insurance include health, life, auto, home, and business insurance.

• Insurance policies have terms and condition...read more

Lean is a methodology that focuses on eliminating waste and improving efficiency in processes.

• Lean originated in the manufacturing industry but has since been applied to various industries including healthcare and software development.

• The goal of Lean is to identify and eliminate non-value adding activities in a process, also known as waste.

• There are seven types of waste in Lean: overproduction, waiting, defects, overp...read more

Our organization follows a combination of manual and automated processes to streamline operations.

• We use project management tools like Jira to track tasks and progress

• Regular team meetings are held to discuss project updates and address any issues

• Automated testing is used to ensure software quality and reduce manual errors

IRD stands for Interface Requirements Document, IDD stands for Interface Design Document, and BRD stands for Business Requirements Document.

• IRD is a document that outlines the requirements for the interface between different systems or components.

• IDD is a document that describes the design of the interface, including the data formats, protocols, and communication methods.

• BRD is a document that captures the business req...read more

Use case diagrams are visual representations of the interactions between users and a system.

• They depict the system's functionality from the user's perspective.

• They show the different actors and their roles in the system.

• They illustrate the various use cases and their relationships.

• They help in identifying the requirements of the system.

• They aid in communication between stakeholders.

• Example: A use case diagram for an on...read more

NFRs refer to non-functional requirements that specify the system's performance, usability, security, and other quality attributes.

• NFRs are requirements that describe how the system should behave, rather than what it should do.

• They include performance, usability, security, reliability, and other quality attributes.

• Examples of NFRs include response time, availability, scalability, and maintainability.

• NFRs are often over...read more