EPAM Systems Lead Business Analyst Interview Questions and Answers for Experienced

Functional requirements describe what the system should do, while non-functional requirements describe how the system should perform.

• Functional requirements specify the behavior of the system, such as user interactions or data processing.

• Non-functional requirements specify the constraints or qualities the system must have, such as performance, security, or scalability.

• Example of functional requirement: The system must ...read more

I am currently working on a project to implement a new CRM system for our sales team.

• Analyzing current CRM system functionalities and identifying areas for improvement

• Collaborating with sales team to gather requirements and feedback

• Customizing CRM system to meet specific needs of the sales team

• Training sales team on how to use the new CRM system effectively

Product owner is responsible for defining and prioritizing the product backlog, ensuring the team delivers value to the customer.

• Defines and prioritizes the product backlog based on business value

• Works closely with stakeholders to gather requirements and feedback

• Ensures the team understands the product vision and goals

• Makes decisions on behalf of the customer

• Collaborates with the development team to deliver features

• Ada...read more

The challenges faced while developing the products included tight deadlines, changing requirements, and technical limitations.

• Tight deadlines required quick decision-making and prioritization of tasks

• Changing requirements led to frequent adjustments in the development process

• Technical limitations such as compatibility issues or resource constraints posed obstacles to product development

My salary expectations are based on my experience, skills, and the market rate for the position.

• Consider my years of experience in the industry

• Research the average salary range for this position in the current market

• Factor in the responsibilities and requirements of the role

• Open to negotiation based on benefits package offered

I can join within 2 weeks of receiving an offer.

• I am currently serving a notice period of 2 weeks at my current job.

• I have already completed all necessary paperwork and background checks.

• I am excited about the opportunity to join your team and contribute.

• I am flexible with my start date if needed.

Serial payment flow involves a sequence of payments made in a specific order.

• Serial payment flow follows a predetermined sequence of payments.

• Each payment is made after the previous payment has been completed.

• The flow can be automated or manual, depending on the payment system.

• Examples include installment payments, subscription fees, and loan repayments.

A cover payment is a type of payment used in international transactions to facilitate the transfer of funds between banks.

• A cover payment involves two banks: the remitting bank and the beneficiary bank.

• The remitting bank initiates the payment on behalf of its customer, who is the sender of the funds.

• The remitting bank sends the cover payment message to the beneficiary bank, which is responsible for crediting the funds ...read more

Mandatory tags in MT and corresponding in MX

• Mandatory tags in MT (Machine Translation) refer to the tags that must be present in the source text for accurate translation.

• These tags provide context and structure to the text, ensuring that the translated output is correct and coherent.

• In MX (Machine eXtended), the corresponding mandatory tags are used to define the structure and formatting of the translated text.

• These ta...read more

Cover payment is a payment made by a bank on behalf of its customer to ensure a transaction is completed.

• Cover payment is used when a customer does not have sufficient funds to complete a transaction.

• It is typically used in international trade to ensure timely payment.

• The bank makes the payment on behalf of the customer and then recovers the funds from the customer later.

• Cover payment can also refer to a payment made b...read more

Important checklist in data migration

• Assess the current data landscape

• Identify and prioritize data to be migrated

• Ensure data quality and integrity

• Plan for data mapping and transformation

• Test and validate the migration process

• Implement data migration in phases

• Monitor and troubleshoot during migration

• Document the migration process

Approach to migration project

• Conduct a thorough analysis of the current system and identify the key components to be migrated

• Define the scope and objectives of the migration project

• Develop a detailed migration plan with timelines and milestones

• Assess the risks and challenges associated with the migration

• Engage stakeholders and communicate the migration plan and its impact

• Allocate resources and establish a project team

• E...read more