Polaris Consulting Senior Business Analyst Interview Questions and Answers

Simple apptitude question

Q1. What is BA and what they do
Ans. 
Business Analyst (BA) is responsible for analyzing business processes, identifying needs, and recommending solutions to help organizations improve efficiency and achieve their goals.
• BA works closely with stakeholders to understand their needs and gather requirements.

• They analyze data, create reports, and make recommendations for process improvements.

• BA may also be involved in testing and implementing new systems or pro...read more
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Q2. What is roles and responsiblity
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Roles and responsibilities refer to the tasks and duties assigned to an individual within an organization.
• Analyzing business processes and identifying areas for improvement

• Gathering and documenting business requirements

• Creating functional specifications for IT development

• Collaborating with stakeholders to ensure project success

• Conducting data analysis to support decision-making

• Providing recommendations based on data-dr
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Q1. Interviewer asked to explain the projects
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Q2. Explain about the projects
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Q1. Tell me about your past experince
Ans. 
I have over 5 years of experience as a Senior Business Analyst in various industries.
• Led cross-functional teams to analyze business processes and identify areas for improvement

• Developed and implemented strategies to increase efficiency and reduce costs

• Utilized data analysis tools to generate insights and make data-driven recommendations

• Collaborated with stakeholders to gather requirements and ensure project success
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Q2. Explain KPI's of retail
Ans. 
KPI's in retail are key performance indicators used to measure the success of a retail business.
• Sales revenue

• Customer satisfaction

• Inventory turnover rate

• Average transaction value

• Conversion rate

• Gross margin

• Foot traffic

• Return on investment (ROI)
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Q1. Roles and responsibilities, Case scenarios based questions, documentations and tools knowledge, technical questions based on skillsets
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Q1. Project manager
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Q2. Technical questions, real time based questions,
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Q1. Current project Previous project Understanding on domain
Ans. 
Current project involves implementing a new CRM system, previous project focused on data analytics, strong understanding of the finance domain.
• Current project involves working with stakeholders to gather requirements for CRM system implementation

• Previous project included analyzing large datasets to provide insights for decision-making

• Extensive experience in the finance domain, including working with financial data and ...read more
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Q1. Experience in PLM
Ans. 
Experience in Product Lifecycle Management (PLM) is essential for a Senior Business Analyst role.
• Extensive experience in implementing and managing PLM systems

• Ability to analyze and optimize product development processes

• Strong understanding of cross-functional collaboration within a company

• Experience in data management and integration with PLM systems

• Knowledge of industry best practices and trends in PLM
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Q1. Apwcicif to PLM work
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Q1. PLM specific understanding by Principal
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Q1. Compensation discussion
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Q1. Scope improvement in insurance process
Ans. 
Scope improvement in insurance process involves identifying areas for optimization and implementing changes to increase efficiency and effectiveness.
• Conduct a thorough analysis of current insurance processes to identify bottlenecks and inefficiencies

• Collaborate with stakeholders to gather feedback and insights on pain points and areas for improvement

• Implement technology solutions such as automation and digitization to ...read more
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