The old banking mis system is outdated and doesn’t meet the needs of the stakeholders involved. This leads to difficulties in managing financial information, delays in processing applications, and overall inefficiency in the processing. The business case document explains why the project is necessary. It contains informa:on like the author, …
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CRM for Banking Secter
The old banking mis system is outdated and doesn’t meet the needs of the stakeholders involved. This leads to difficulties in managing financial information, delays in processing applications, and overall inefficiency in the processing.Today BFSI industry and institutions need technologies with complete functions to fulfil the gaps between business workflow …
Read More »Q2. What are project priorities? Why this is important? How to handle this?
Project prioritization is the process of determining which projects are the most important and the urgent ones. Top priority projects are the tasks that needs to be executed immediately, while low priority projects are not that important and may be executed on a later date. Project prioritization can be done …
Read More »Q1. What is BRD? How it is different from SRS?
BRD BRD stands for Business Requirement Document. It is a formal document that specifies all the requirements of the business which the stakeholders proposes for the new project, new program, new change or business solution. The goal of BRD is to describe the business needs or the objective to complete …
Read More »What is the requirement elicitation? Have you ever participated in these elicitation meetings?
Requirement elicitation is the process of gathering and capturing the needs, expectations, and constraints of stakeholders to define the requirements for a system or solution. It involves techniques such as interviews, workshops, document analysis, observations, and prototyping to identify and document the requirements effectively. Yes, I have participated in elicitation …
Read More »What is the role of a business analyst in an organization?
The role of a business analyst in an organization is to bridge the gap between business objectives and technical solutions. They act as a liaison between various stakeholders, including business managers, IT professionals, and end-users, to understand their needs, identify problems, and propose effective solutions. Here are some key responsibilities …
Read More »What is requirement prioritization in Business analysis?
Requirement prioritization is a crucial step in the business analysis process that involves assigning relative importance or urgency to different requirements. It helps in identifying and focusing on the most critical and valuable requirements, ensuring that limited resources are allocated effectively. As a Business Analyst, prioritizing requirements involves several key …
Read More »What is the requirement elicitation? Have you ever participated in these elicitation meetings?
Introduction Requirement elicitation is a critical process in the field of business analysis. It involves understanding and capturing the needs and expectations of stakeholders to develop successful solutions. In this blog, we will delve into the concept of requirement elicitation, explore various techniques used, and discuss the importance of effective …
Read More »What is the requirement elicitation? Have you ever participated in these elicitation meetings?
Introduction Requirement elicitation is a critical process in the field of business analysis. It involves understanding and capturing the needs and expectations of stakeholders to develop successful solutions. In this blog, we will delve into the concept of requirement elicitation, explore various techniques used, and discuss the importance of effective …
Read More »What is the role of a business analyst in an organization?
In today’s fast-paced and complex business landscape, organizations require professionals who can bridge the gap between business objectives and technical solutions. This is where the role of a business analyst (BA) comes into play. A business analyst acts as a crucial liaison between stakeholders, ensuring effective communication and enabling successful …
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