What is Stakeholder Management ?

Stakeholder Management and Stakeholder Analysis is the important and primary role of the Business Analyst. Here let us discuss in detail what is stakeholder Management and how to identify the stakeholders.

What is stakeholder management
What is stakeholder management

What is Stakeholder Management ?

Stakeholders are individuals, groups, organizations, and/or institutions that have an interest in the success of a project. Stakeholders may include government agencies, private businesses, nonprofit organizations, unions, community groups, and many others. They may also include individuals, such as employees, contractors, consultants, and family members.

The goal of stakeholder management is to ensure that stakeholders understand the project goals and objectives, and their role in achieving those goals. This requires effective communication between the project team and its stakeholders.

Why stakeholder management is important ?

1. Stakeholders are the ones who hold the power to affect change. They may be internal stakeholders, such as employees, or external stakeholders, such as customers. When managing stakeholders, it is important to understand their needs, motivations, and expectations. This will help you create a strategy that aligns with their goals and objectives.

2. Stakeholder management requires a clear understanding of stakeholders’ roles and responsibilities. Knowing what they want from you and your company helps you communicate effectively.

3. Stakeholder management involves developing relationships with stakeholders. Building trust and credibility is critical to gaining their commitment to your organization.

4. Stakeholder management is a continuous cycle of planning, implementing, and evaluating. By continually monitoring progress, you can identify problems early and take action to correct issues before they escalate into larger problems.

What are the tips to conduct stakeholder management ?

1. Understand the stakeholders’ needs

Stakeholders are those individuals or groups who are affected by your project. They may be internal or external to your organization. Stakeholders are usually the ones who are going to benefit from your project. Therefore, it is important to understand their needs before starting any project. This helps you identify what they want and how you can help them achieve their goals.

2. Identify the stakeholders

Identifying stakeholders is the first step towards effective stakeholder management. To identify stakeholders, you should ask yourself questions such as “Who are my stakeholders?” “How many stakeholders do I have?” “Where are my stakeholders located?” “What are their roles?” “Do I have any conflicts with my stakeholders?” Once you have identified your stakeholders, you can then determine their needs.

3. Determine the stakeholders’ expectations

Once you have identified your stakeholders and determined their needs, it is time to determine their expectations. Expectations are the things that stakeholders expect from you. For example, if you are working on a software project, you might expect your stakeholders to deliver a functional prototype by the end of the project. However, some stakeholders may expect you to deliver a fully functioning application at the end of the project while others may only require a simple proof of concept. It is important to communicate clearly to your stakeholders what they can expect from you.

4. Develop a plan to meet the stakeholders’ expectations

After determining the stakeholders’ expectations, you must develop a plan to meet those expectations. A good plan will outline all the steps required to complete the project successfully. The plan should also include milestones along the way to ensure that you stay on track.

How to manage the stakeholders ?

1. Stakeholders Management

Stakeholder management is a critical aspect of any project. Without stakeholder management, projects would never be completed successfully. A stakeholder is defined as someone who has an interest in the outcome of a project. They may be affected directly or indirectly by the project.

2. Project Management

Project management is a discipline used to control the scope, cost, quality, time, resources, risk, and deliverables of a project. It involves planning, organizing, staffing, controlling, monitoring, and closing activities related to a specific project.

3. Risk Management

Risk management is the process of identifying, analyzing, evaluating, and controlling risks associated with a project. Risks are potential problems or negative outcomes that could occur throughout the course of a project.

4. Quality Control

Quality control is the process of ensuring that the requirements of a product or service meet established standards. This ensures that the final product meets the client’s needs.

Who are stakeholders?

Stakeholders are individuals or organizations that have an interest in the success of a project. They may be involved in the project from the beginning, they may join later, or they may even leave at some point. Stakeholder involvement is critical to successful projects. Without stakeholder input, projects fail.

How to identify the stakeholders?

Stakeholders are individuals or groups that have an interest in the outcome of a project. They may be involved in the project from the beginning, they may join later, or they may even leave before completion. Stakeholders are often identified at the outset of a project, but sometimes they are only identified after the project has begun.

There are many different types of stakeholders, including:

• Project sponsors

• Customers

• Employees

• Suppliers

• Government agencies

• Other organizations

FAQ’S

What is meant by stakeholder management?

Stakeholder management is the process of maintaining good relationships with the people who have most impact on your work. Communicating with each one in the right way can play a vital part in keeping them “on board.” This article is about how to communicate effectively with stakeholders.

What is stakeholder management with example?

Examples include employees, customers, shareholders, suppliers, communities, and governments. Upstream stakeholders contribute to or approve the activities required to design, build and bring a product to market.

What is stakeholder management and why is it important?

Stakeholder management is an important activity that is used to gain mutual understanding of the objectives and expectations of all parties. It aids in developing a concept that will gain support from all the interested and affected parties enhancing the likelihood of a successful outcome

What are the 4 steps of stakeholder management process?

Four Steps to Stakeholder Relations

  1. Identify Stakeholders. The first stage in stakeholder relations involves researching individuals and third-party organizations that may be relevant. …
  2. Study Stakeholders. Once potential stakeholders have been identified, do your homework. …
  3. Prioritize Stakeholders. …
  4. Contact Stakeholders.

What are the 7 principles of stakeholder management?

The 7 principles of Stakeholder Management!

Bucholtz and Carroll point out that the principles highlight action words that illustrate the spirit that should be used in engaging with stakeholders:

  • acknowledge.
  • monitor.
  • listen.
  • communicate.
  • adopt.
  • recognise
  • work.
  • avoid.

What is the objective of stakeholder management?

At its core, stakeholder management is the ability to create and maintain positive relationships through the appropriate management of individual needs, wants and expectations. Stakeholder management is a process that works best when planned and guided by underlying principles.

What are the benefits of stakeholder management?

Stakeholder Management Benefits

  • Fewer surprises. How many times have you been caught off guard by a stakeholder? …
  • More valuable engagement. …
  • Better understanding of needs. …
  • Better understanding of concerns. …
  • Time invested in the right places. …
  • Happier stakeholders. …
  • Improved communication. …
  • Better management of expectations.

What is the first step in stakeholder management?

Stakeholder Analysis is the first step in Stakeholder Management, an important process that successful people use to win support from others. Managing stakeholders can help you, too, to ensure that your projects succeed where others might fail.

What does good stakeholder management look like?

Powerful stakeholder management involves tracking the impact your work has on the communities in which you operate, while maximizing transparency and accountability. Keep your activities and communication aligned with the interests of your stakeholders, and you’ll produce much more effective outcomes.

What is the most important part of stakeholder management?

Relationships, relationships, relationships. The most critical part of stakeholder management is relationships.

What are the four types of stakeholders?

The easy way to remember these four categories of stakeholders is by the acronym UPIG: users, providers, influencers, governance

What are the 10 key principles of stakeholder management?

Key principles of stakeholder engagement

  • #1 Understand. …
  • #3 Consult, early and often. …
  • #4 They are human too. …
  • #5 Plan it! …
  • #6 Relationships are key. …
  • #7 Just part of managing risk. …
  • #8 Compromise. …
  • #9 Understand what success is.

How do you measure stakeholder management?

One way to measure stakeholder engagement is to map your stakeholders across an internal system. A critical component of public affairs is relationship building with stakeholders through events, one-on-one meetings, emails, phone calls, and more.

Business Analyst Roles and Responsibilities , job description and duties

Business Analyst Roles and Responsibilities, job description and duties, Salary and benefits

Let us discuss Business Analyst Roles and Responsibilities, job description and duties, Salary and benefits about With growing competition and hunger to be the best in industry there is a need for consistent performance and perseverance to achieve the success in business.

Continue reading “Business Analyst Roles and Responsibilities , job description and duties”

10 Best & Free Job Portals

I want to talk about important Free job portals to apply for a suitable Job..

When you are ready to attend the interviews, and you want to apply for jobs, here are the some important Free Job Portals to apply.

Job Portals

  1. Indeed: This is very important site. When you are updating your profile ensure to enter correct skills and keywords in required columns.
  2. Naukri – This is very important site. When you are updating your profile ensure to enter correct skills and keywords in required columns.
  3. LinkedIn: Try to increase connections with your relevant field. Here we can directly interact with recruiters.
  4. Monster: This portal also plays major role to get job.
  5. Shine – You can find good jobs from IT, Engineering, Banking, Marketing sector.
  6. Timesjobs – You can find good jobs from IT, Engineering, Banking, Marketing sector.
  7. Glassdoor: Best for Employer Insights, here we can read employ reviews and all.

Other important job portals to apply. 

• FlexJobs:
• The Ladders:
• AngelList:
• Jobrapido
• Freelancer
• Freejobalert
• Splashfind
• Click.in
• Freshersworld.com
• Sarkari Naukri
• Egovtjobs.in
• recruitmentresult.com
• Scouted:
• Snagajob:
• Recruit.net
• Iimjobs.com

Once you updated your profile in portals, ensure to update the profile frequently. Always recruiters prefer for updated resumes only. Ensure to update before business hours.

Tips to update the profile in Job portals: 

  1. Heading:   

    Resume Headline plays a very important role in short listing your resume by the Recruiters. Concentrate on Resume Heading and ensure it should proper.

  2. Keywords and Skills:

    Ensure to add all your Key skills, for example you are applying for Business Analyst then skills as below.

Business Analysis, Documentation, Prototyping, User stories, Requirements Analysis etc..

If you have strong domain knowledge on any particular domain then you should mention the same also. Ex : Banking, Healthcare, Telecom etc.,

  1. Update your Resume

    Update your resume frequently, at least weekly twice or thrice. So not think to much to update your resume i.e., what to update and all. Just modify any simple data and click on update.

  2. Certifications:

    Ensure to update the certifications if you have any, it will add benefit to your resume. Some organization will look for certified candidates only.

  3. Identity

Add your photo to your profile.

Provided these Free Job Portals from various channels and based on my Experience.

Start Apply and get job.

All the best.

The Dos and Don’ts for Business Analyst.

I want to talk about Dos and Don’ts of Business Analyst. As Business Analyst is the person who speaks with client, he/she should know Do and Don’ts. This is part of Business Analyst Role and Responsibilities.

Dos and Don'ts for Business Analyst.
Dos and Don’ts for Business Analyst.

Let us

observe here some of important Dos and Don’ts for Business Analyst..

1. Never say No to client.

When client is explaining his problem or giving requirements, listen carefully and try to understand what  he/ she is trying to explain, and never say “No” to client affront, because here client is explaining his problem and he expects some solution from us.

So rather than say “No” we can provide alternate solution after speaking and discussing with our internal teams.

2. Never imagine anything in terms of GUI

Never imagine the requirements by seeing graphical representation ask right questions to client and get clarity on the requirements.

Login page may same for most of the websites but functionality is different.

For example: If you want to login to any website we need to enter correct user id and password to login the page. Here user id and password is common, but password length and validations differ from website to website based on the client requirement.

Example: Password should be 10 characters and it should have at least 1 capital letter and 1 special character.

3. Question Everything

Never feel bad to ask questions, ask the right questions and get clarity from the client. You can ask the questions till you get clarity. Sometimes client may not tell the complete requirement unless you ask the questions.

Example : Client will say I need login page. But here you need to ask multiple questions to client to get clarity. Let us see some sample questions here.

  • What are the validations required,
  • Terms and conditions are required or not.
  • And when this button should be disabled or enabled.
  • Which type of error message should be shown on the screen if user enters wrong password or user id.
  • Password length should be how much and all.

4. Consult an SME for clarifications in Requirements

If requirement is not clear and you need more clarity on the requirement, then we can discuss with SME (Subject Matter Expert). And ensure to document the requirements what you discussed with SME and get approval from solution owner. And explain to him what you understand by discussing with the SME.

5. Every problem of client is unique.

Every problem of Client is unique, so talk to the client with a open mind with no assumptions from your previous experience.

Never come to any conclusion before listening or understanding all the aspect of requirement from client, if you have a slight amount of doubt about any demand or change it’s always preferable to clear it with the client, subject matter expert, or with your team member.

6. Do not interrupt the client, when he/she is giving you the problem.

Listen very carefully and completely to the client as well as to the end user and then ask question, don’t interrupt them in between.

7.Maximum try to extract the leads to solution from the client itself.

8.Never try to give solutions to client straight away with your previous experience and assumptions.

9. Should not be hurry.

Should not gather the requirements in hurry, conduct a meeting in a convenient time and take your own time to understand the requirement or gather the requirements. Because if you are in a hurry to capture the requirement then there is a chance to misunderstand the requirement, it may lead to project failure.  As a Business Analyst you should be have open mind when you are gathering requirements.

10. BA should focus on “what” and “when” to develop rather than focus on “how” to develop.

As a Business Analyst our responsibility is to understand what to deliver and when to deliver the project, how to develop is the responsibility of development team or development manager. We need not to concentrate on this part and need not to worry. Always have a prior discussion with your project manager and sponsor before conducting a meeting.

11. Should not miss any requirement

Make sure that you have gathered all the requirements from the stakeholder for your project, missing out any information can results to unwanted redo the work as well as delay projects and increase cost.

12. Should know what the Scope of the Project is.

Sometimes non functional requirements of client are not feasible because of budget or time constraint, so it’s always better to liaison with your PM to find out what is out of scope so that all will be in the same page and avoid misunderstanding.

Business Analyst Job Description Insurance Domain

Business Analyst Job Description Insurance Domain

Business Analyst Job Description Insurance Domain
                        Business Analyst Job Description Insurance Domain

General Accountabilities:

– The Senior Business Systems Analysts will provide technical support and advice to the Client Relationship Managers, Service Managers and/or Operations Executives on business processes and systems issues in both run mode and development of new processes/support. Sr.BSA may also become key resources potentially available to support new clients through block conversions.

Analysts are liaisons between operations and other areas such as Information Technology, Finance, Marketing, etc. to ensure sound business solutions are formed and implemented with quality. Sr.BSA’s are responsible for facilitating the flow of ideas and information between departments

Duties and Responsibilities:

– Facilitating business need identification

– Completing research and providing analysis as needed to support Management in decision making

– Developing and executing proposed business and technical solutions

– Developing business requirements for the business/technology solutions that will allow the client and internal customer departments to become more efficient and effective

– Largely able to independently write unambiguous, verified requirements to a testable level (functional and non-functional requirements)

– Creation of artifacts such as Illustrationinput, output requirements, Test strategy, Validation rules, Unit Test cases etc;

– Estimating implementation costs and efforts

– Attend client meetings and assist in the coordination of Solution Definition

– Assist Technology Solutions teams in documenting scope, defining gaps and updating implementation estimates

– Documenting flows and procedures for Performance Quality as a results of implementations

– Ensuring quality of solutions delivered (leading user acceptance testing)

– Identifying, developing and executing continuous improvement opportunities

– Other support to operations areas as identified

Experience required:

– 7 – 10 years- work experience in systems or quantitative analysis and business solutions development

– 5+ years- experience in US life insurance products (i.e. In forced Whole Life, Term Life,). Should be able todemonstrate life insurance industry knowledge

– Understanding of various applications used in life insurance industry including Policy administration system, agent management system or peripheral application including web portals.

– Work experience inInforce Illustration is mandatory (Inforce business projection knowledge)

– Strong customer service skills with excellent relationship management skills with the ability to interact positively and successfully with all level of associates and managers to meet business needs

– Basic understanding of technology system interfaces and data integration, networks, and operating systems

– Knowledge of Business Process Modeling using decision tables/trees and data flows, etc.

– Work experience or an education in programming and also knowledge in database

– Microsoft PC software experience (i.e., Excel, Word, Access and Project)

– Experience in project management and/or client/block conversions

– Must be a self-starter, flexible and motivated

– Analytical, organized with excellent written and verbal communication skills

– Willingness to develop industry-related knowledge

– Proven application of analytical skills and solution focused mindset

– Familiarity with project management methods (SDLC, PMI, ITIL, Agile, Waterfall, etc.)

Qualifications :

Should have BE/BTech/MCA or MBA qualification from reputed instituteswork experience in business analysis and application development

– Insurance certifications such as LOMA / FLMI / AAPA / CLU

CBAP (Certified Business Analyst Professional) certification preferred

I hope it helped you to provide overview of Business Analyst Job Description Insurance Domain

Business Analyst Job Description in Health Care

Business Analyst Job Description in Health Care

Business Analyst Job Description in Health Care

The Business Analyst is required to have good experience in implementing software systems in healthcare domain. He/she should have an experience in creating requirement specification and testing and has good communication skills.

Duties and Responsibilities:

Identify software product needs and create requirements in the form of business specification and use case documents.

Closely work with the client and the software development team in developing the product.

Carry out the testing from the end user perspective before releasing for UAT.

Manage the scope of development in order to align with the business and the project needs.

Create and carry out product demos to the client.

Maintain traceability of requirements to ensure 100% test coverage.

Ensure the accurate deployment of solutions through review of problem logs, assistance with test plans and test matrices and other analysis activities.

Facilitate the transfer of knowledge about the direction of the business units to others who support them.

Take lead in enterprise level initiatives and drive them from the requirement perspective.

Proactively track developments in healthcare IT, including standards, technologies and workflows.

Key Technical Skills and Knowledge:

Healthcare/RCM domain knowledge ( Medical Billing / Medical Coding/ Accounts Receivable ,Rejections, Appeal

Schedule meets with stake holder/ requester

Understand requirements

Prepare requirement documents

Explain requirements to Testers

Good communication skills

Should have knowledge of MS Office (Word, Excel, PPT)

Knowledge of AI / ML / NLP/ OCR is added advantage

It helps to provide overview of Business Analyst Job Description in Health Care

Business Analyst Job Description in Payments

Business Analyst Job Description in Payments

Business Analyst Job Description in Payments
Business Analyst Job Description in Payments

  • Should be able to participate in bank meetings to understand complex requirements or to explain functionality
  • Should assist the project manager and project test manager of delivery projects
  • Is responsible for creating the documentation of high level requirement (HLR) according to the project process
  • Is responsible for any change in functional scope
  • Should present change request to project manager
  • Is responsible for approving team implementation plan together with project test manager and project architects
  • Is required to respond to any questions or clarifications during development, test case preparations and testing and the SMEs should answer questions on issues that can not be solved by the BA?s in the development teams
  • Should participate in planning and tracking
  • Participate in FAT
  • Responsible for describing requirements according to project mission and project master plan
    Tasks:
  • Conducts requirements analysis
  • Create HLR
  • Create work packages and user stories
  • Must define all requirements according to the project process and get them verified by the project manager
  • Get input on described requirements from project architect and test manager
  • Communicate functional scope and requirements to the teams through: Documentation (High level requirements, Capability documents, Flow charts)
  • Makes sure that understanding of functional scope and requirements is verified through quality assurance of team implementation plan
  • Should ensure the requirements are understood by the teams
  • Is responsible for identifying and describing dependencies together with the BA?s and the SME should communicate these dependencies to the SME in the dependent project
  • Is responsible for transferring the functional knowledge of the HLR to the team writing the user stories
  • Should assist in planning and tracking
  • Participate in meetings with the customer
  • Participate in FAT planning and execution
    Competence/Tools / Technology:
    Required:
  • International banking/payment
  • SEPA
  • ISO20022
  • SWIFT
  • AccountingSkills / Experience:
  • 5 years relevant experience
  • Strong domain knowledge payment/banking
  • Requirements analysis and specifications
  • Understand complex value chains and integrations between several systems
  • Understand the bank and customers needs
  • Experience from Agile Project Methodology
  • Excellent communication/collaboration skills
  • Fluent industry language skills in English
  • Structured and process oriented
  • Able to work distributed and in global and multi-cultural teams

I hope it helped you to understand the Business Analyst Job Description in Payments

Business Analyst Job Description BFSI

Business Analyst Job Description BFSI

Business Analyst Job Description BFSI
Business Analyst Job Description BFSI

Business Analyst Job Description BFSI

  • Act as an SME in area of Financial Crime Compliance for all Corporate and Income events
  • Should have strong understanding on various Data Governance model and Data Quality
  • Exception handling of automated interfaces
  • Identify, capture, and track voluntary corporate actions
  • Exception handling on events transactions
  • Coordinate with IT support teams in case of any IT related issues impacting BAU
  • Building core knowledge in team during set up and shaping activities as well running projects, working closely with Operation Leads
  • Ensure the team is resourced with sufficient well trained and well-motivated staff, and are developed to their potential in line with current and predicted operational needs
  • To effectively shape and manage process for the client, ensuring a high level of quality performance across projects.
  • Act as a KYC subject matter expert on compliance, regulatory regulations and global KYC requirements
  • Well verse with KYC documents and good understanding on regulators mainly of US and UK OCC, FATCA, USA PATRIOT ACT, BSA, EU Directives, MIFID I/II
  • Maintaining an external focus and strong network within the industry to identify trends in the project
  • Maintenance of Service Levels in department and by overall engagement, ensuring a high level of customer service at all time
  • Identify and diagnose sub-optimal business performance
  • Reporting of issues of concern to Operations Support, Senior Leadership, and where appropriate, to the client
  • Initiate and promote improvements to processes and techniques to achieve higher levels of efficiency and effectiveness and to maximise productivity gains
  • Aim to operate at industry best practice level, where available
  • Constantly seek opportunities to digitize the existing process
  • Aim to operate at industry best practice level, where available
  • Min 10+ years in an operational environment (KYC/AML/CDD/EDD) domain, with strong knowledge of various Corporate Actions
  • Clear vision, understanding and proven track records of in Risk and Investment Banking Domain
  • Strong analytical and problem-solving skills and the ability to use information to generate creative solutions to benefit the business.
  • Strong in excel and advance excel
  • Good to have SQL knowledge
  • Strong communication and relationship management skills.
  • Strong presentation skills

I believe it helped you to provide the overview of Business Analyst Job Description BFSI domain

Business Analyst Job Description & Career Profile: IT

Business Analyst Job Description: IT

Let us observe the sample Business Analyst Job Description.

The Business Analyst (BA) acts as a liaison between either a development group and an external client/vendor, or a development group and an internal business sponsor. The BA is responsible for the collection/analysis, authoring, and communication of requirements in order to satisfy the client/sponsors needs. Depending on the nature of the project, the BA may also undertake a combination of project management, technical implementation and testing analyst tasks. The BA is expected to have either a strong proprietary knowledge base or multiple years of previous BA experience in requirements analysis and authoring. The Lead Business Analyst is additionally expected to exhibit strong leadership in many areas including defining/improving standards, mentoring other Senior and Associate BAs, and implementation / project management of critical projects.

Major Responsibilities / Accountabilities

  • Develops and improves business processes within the technology and business organizations and understands client requirements, specifying and analyzing these to a sufficient level of detail to ensure clarity of definition. Collects, writes formal specifications and communicates business requirements between development and client to design and implement business solutions.
  • Responsible for building and maintaining a relationship with Data Provider e.g. Exchanges, Contributors.
  • Responsible for the collection, analysis and documentation of a client’s business needs and requirements.
  • Participates in short term planning sessions with a client to improve a business process within an assigned client area.
  • Uses a structured requirements process to assess near-term needs.
  • Uses a structured change management process to shepherd projects from requirements gathering through design, testing, implementation, client transition and on-going systems maintenance
  • Provides business process and systems analysis, requirements specifications, consult on development and testing management for implementing technology-based editorial business solutions focusing on increasing productivity, data accuracy, automation and efficiency while reducing redundancy and costs.
  • Responsible for modelling and analysing client and system processes in order to identify opportunities for technological improvements, process synergies, and business efficiencies
  • Identify, recommend and develop methods, tools and metrics for client business process and systems operational support
  • Provide client systems support in order to resolve issues and contribute to on-going systems maintenance and evolution.
  • Identifies business priorities and advises client on options.
  • Ensures change management and communication of change is done in a systematic way for projects where initial requirements may evolve during the lifecycle of the project.
  • Responsible for generating systems documentation for operational support and end user information. Conducts operational and end user training and support transitions of operational support to client.
  • Develops relationships with a client by being proactive, displays a thorough understanding of their business, and provides innovative business solutions. Works with clients to ensure smooth transitions to new systems and/or business processes.
  • Develops a basic awareness and understanding of Thomson Reuters technologies, products, and services.
  • Recommends metrics to ensure customer satisfaction.

Scope and Impact

  • Performs work within several business segments, engaging in moderate to complex business processes across multiple business processes or segments of the business.
  • Project team member for projects of medium to large scope and moderate to high complexity projects.
  • Responsible for coordinating work of development teams, business clients and others and be accountable for the work delivered. Fully responsible for quality of own work, and possibly some accountability for more junior members of the team.
  • Responsible for managing projects through the development lifecycle including requirements gathering, functional specifications, testing, implementation, training, transition and maintenance.
  • May be involved in defining and managing requirements for implementation by remote or third party teams.
  • Responsible for management of own time, and coaching/mentoring more junior team members.
  • Responsible for estimating effort required for own work, and checking other team member estimates.
  • Able to plan tasks necessary to lead to the production of adequate business and system functional requirements.
  • Accountable for compliance with agreed policies, standards and procedures.

Skills

  • Demonstrated expertise in requirements management best practice and ensures these practices are used.
  • Demonstrated expertise in business process re-engineering
  • Demonstrated expertise in business process analytics and understanding of six-sigma process improvement techniques
  • Demonstrated expertise in Business Process Modelling preferable with experience in Oracle BPMS/BAM nomenclature & tool sets
  • Experience working with an Agile development methodology
  • Experience working with a globally distributed team of customers, stakeholders, business owners, developers and QA staff
  • Experience working with a Services-oriented application architecture
  • Understands principles in performance requirements and helps formulate Key Performance Indicators for a project.
  • Understands principles of usability and helps ensure products are fit for purpose.
  • Understands the effects of technology used within Development, and the impact on the business client.
  • Understands basic financial information and markets and the future direction of the industry.
  • Understands the development organization and other specialized areas such as Product Management and Data and future direction of the business for an assigned client area

Relationships: Internal / External

  • Development leads (e.g. Managers, Project Managers, Project Leaders, Technical Leads)
  • Architects
  • Development staff
  • Third party Development Leads & Architects
  • Customer Segments
  • Customer Segment Partners
  • Data Providers
  • May include external clients, Capability Managers and Business users.

Professional Experience

Must have a solid understanding of the client’s existing business processes, the key drivers and measures of success of the business, and the short and long term direction of the business and technology. Demonstrated ability to understand project business requirements and facilitate implementation of team member’s understanding of these as well. Demonstrated expertise in information systems, business operations, requirements analysis, and integration/design of client solutions. Needs to have a high level understanding of the overall Thomson Reuters Development or internal systems architecture in order to understand the issues & implications of proposed systems & hardware solutions. Requires some relevant technical or business work experience, ideally a background in business area supported. Requires experience with and understanding of Business Operations and requirement management processes, as well as expertise business modeling concepts utilizing BPMS . Must have experience in information systems, development life cycle, Agile development methodology, business process development and leadership skills. Must have exceptional communication skills, ability to work independently and drive for results.

Must have experience

  • Are senior level with ~5+ year experience as a business/system analyst
  • Have experience with new product development
  • Experienced in an environment where the BA drives from Ideation through requirements/specifications, supports dev & QA, supports UAT, supports/guides business implementation
  • Experience with back-end specifications/ technical requirements (Databases, API, services, service integration, JSON/message queues)

I hope it provided you the overview of Business Analyst Job Description.

error

Enjoy this blog? Please spread the word :)