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EbixCash Financial Technologies

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Optum Interview Questions and Answers

Updated 12 Oct 2024

Q1. What is Software Development Life Cycle

Ans.

Software Development Life Cycle (SDLC) is a process followed by software development teams to design, develop and test high-quality software.

  • SDLC is a framework that consists of a series of phases that software development teams follow to deliver high-quality software.

  • The phases of SDLC include planning, analysis, design, development, testing, deployment, and maintenance.

  • Each phase of SDLC has its own set of deliverables, which must be completed before moving on to the next p...read more

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Q2. What is V-Model and draw diagram

Ans.

V-Model is a software development model that emphasizes testing and verification at each stage of the development lifecycle.

  • The V-Model is a variation of the Waterfall model.

  • It consists of a series of phases that are executed in a sequential manner.

  • Each phase has a corresponding testing phase that is executed in parallel.

  • The V-Model is useful for projects that require a high degree of testing and verification.

  • The diagram of the V-Model resembles the letter 'V', with the left ...read more

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Q3. What is Retesting & Regression Testing

Ans.

Retesting is testing the same functionality again after fixing the defects. Regression testing is testing the unchanged functionality to ensure it still works.

  • Retesting is done to ensure that the defects found in the previous testing cycle have been fixed.

  • Regression testing is done to ensure that the changes made to the software have not affected the unchanged functionality.

  • Retesting is a subset of regression testing.

  • Regression testing is done after every change in the softwa...read more

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Q4. What is Agile Process

Ans.

Agile process is an iterative approach to software development that emphasizes flexibility and customer satisfaction.

  • Agile process involves breaking down a project into smaller, manageable chunks called sprints.

  • Each sprint typically lasts 1-4 weeks and results in a working product increment.

  • Agile process values collaboration, communication, and responding to change over following a rigid plan.

  • Examples of Agile methodologies include Scrum, Kanban, and Extreme Programming (XP).

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Q5. Explain Project in detail

Ans.

A project is a temporary endeavor designed to produce a unique product, service or result.

  • Projects have a defined start and end date

  • They have specific goals and objectives

  • They require resources such as people, time, and money

  • They involve a team of people working together towards a common goal

  • Examples of projects include building a new website, launching a new product, or implementing a new system

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Q6. What are the responsibilities of a business analyst?

Ans.

Business analysts are responsible for analyzing business processes, identifying areas for improvement, and recommending solutions to enhance efficiency and productivity.

  • Gather and analyze data to understand the current state of the business

  • Identify areas for improvement and recommend solutions

  • Collaborate with stakeholders to gather requirements and ensure alignment with business goals

  • Create documentation such as business requirements, process flows, and user stories

  • Facilitate...read more

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Q7. What is RTM why it is used

Ans.

RTM stands for Requirements Traceability Matrix, used to ensure all requirements are linked to test cases.

  • RTM is a document that maps and traces user requirements to test cases to ensure all requirements are covered.

  • It helps in ensuring that all requirements are tested and validated.

  • RTM is used to track the progress of requirements throughout the project lifecycle.

  • It helps in identifying any gaps or inconsistencies in the requirements and test cases.

  • RTM is a valuable tool for...read more

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Q8. Tell us about wealth management

Ans.

Wealth management involves financial planning, investment management, and other financial services to help individuals grow and protect their wealth.

  • Involves creating a personalized financial plan based on individual goals and risk tolerance

  • Includes investment management to help clients grow their wealth through various investment vehicles

  • Provides services such as retirement planning, estate planning, tax planning, and insurance planning

  • Focuses on long-term financial goals an...read more

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Q9. What is gap analysis

Ans.

Gap analysis is a process of comparing actual performance with potential or desired performance.

  • Identifying the difference between current state and desired state

  • Determining what steps are needed to reach the desired state

  • Helps in setting goals and creating action plans

  • Commonly used in business to improve processes and performance

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