Business Analyst Skills
If you know what to do next, then skill is knowing how to do it.
Business analyst skills are the job requirements of a business analyst (BA). The term BA describes someone who practices business analysis. A BA analyzes the business problems at all levels of business, government, and nonprofits.
Here are the four levels of business analysis:
- Planning Strategically - The analysis of the entity's business strategy.
- Operating Business model analysis - the definition and analysis of the organizations policies and market models.
- Process definition and design - business process modeling usually done through process modeling and design.
- IT/Technical business analysis - the interpretation of business
rules and requirements for technical systems (usually information
technology).
Here is an outline of some of the skills required for a business analyst:
Analytical skills
- Financial analysis
- Statistical analysis
- Operations research
- Requirements analysis
- Systems analysis
Technical skills
- Working knowledge of science
- Understanding of engineering principles
- Ability to apply financial principles to feasibility studies
Managerial skills
- Project management capabilities
- Understand organizational behavior
Negotiation skills
- Negotiate to obtain data
- Negotiate with stakeholders to implement projects
Communication and writing skills
- Communicate with all levels of management
- Relate with line workers
- Good technical writing skills
- Be familiar with all forms of communications
- Public speaking skills
On this page you can ask questions about any of the business analyst skills found on this website.
The way that you can improve your business analyst skills is to ask questions about the things you don't understand.
What questions would you like to ask?
Ask your question here!
What Other Visitors Have Asked
Follow this link to see what others have asked.
What is Business Analysis?
What is the business analysis method for starting to analyze a business?
Answer
There are many ways to begin to analyze a business. Some of the …
Managerial Decision Making Process
How should we do HR decision making involving no financial costs but high reputational/ behavioral implications?
Answer
Your question is basically …
What is the importance of standard deviation and 5 uses?
please can you give me importance and 5 uses of standard deviation in business?
Loan Payoff Calculations
What is the total loan payoff? Amount borrowed $4500. Interest rate 5.0% 20 year loan no payments made.
Answer
I assume that you mean the total …
NPV Calculation Into Perpetuity
A company is evaluating a new project which requires an initial investment of Rs 1,000,000 and would generate Rs125,000 p.a in perpetiuty starting one …
Standard Deviation Definition
What is the formula for standard deviation?
Answer
The illustration shows the equation for standard deviation. The standard deviation is a way …
What is NPV?
What is the significance of NPV?
Answer
I guess that you are asking what the NPV definition is.
If you have a string of cash flows that extend …
Calculating NPV
My loan modification was declined due to NEGATIVE NET PRESENT VALUE. I do not understand nor anyone from Wells Fargo can explain to me how the Treasury …
Net present value of real estate sales over 15 years
If I have 20 lot sales a year for 15 years at a starting price of $200,000 what is the net present value of those sales in the first year?
Define Regression
What is the regression procedure?
Answer
The purpose of regression is to find the best fit of an equation to a set of data points. The simplest …
IRR Calculation
Should I accept this project?
$220,000 is invested in a project with cash flows of $28,000,$32,000,$36,000,$40,000 ,the project will be sold for $240,000 …
Practical Business Math
Please explain more about markup. Preferably with examples. I don't understand how to calculate the markup using price and margin.
Answer:
Dee …
IRR and NPV
Please help me to solve this IRR NPV problem.
The investment cost is $35,000
The cost of money is 7.0%
I am amortizing the life of the equipment for …
IRR Formula
Is it possible to calculate the IRR on a bank loan facility ?
Answer
It would not make much sense to attempt an IRR on a bank loan facility or …
What is a Line Graph?
What are the steps in making a line graph?
Answer:
Dee Reavis
Here are the steps to make a line graph:
1. Gather your data: Your data must …
Business Data Analysis
Should a BA have access to SQL ?
Answer
One of the hats that some Business Analysts wear is as a Data Analyst. It depends on the talents of the …
What Is IRR?
Hi,
I have a practical question to ask.We are preparing a project wherein the investment is INR 150,000,000/- The cashflows are for a period of 25 years …
Limited Liability Company
How do I decide which legal form a start up business should be?
Answer
Here are the alternatives:
C-Corporation
S-Corporation
Sole Proprietorship …
Become a Business Analyst
What kind of question(s) would an interviewee be faced with during an interview for the position of a Business Analyst?
Answer
The following link …
Business Process Flows
Can you recommend a book or website that lists business analysis process steps in a easily read and understood way? I am looking to find a guide that moves …
Application of Statistics in Business
If the mean is 25.8 and standard deviation is 4.7, what does that mean?
Answer
First please follow these links and read the information there: …
Decision Making Process
Are logic, experience, ethical concerns and legal ramifications more important than scientific inquiry in making decisions?
Answer
What factor …
Business Analyst Certification
Are there any industry recognized certifications available for the business analyst?
Answer
The main organization that gives business analyst certifications …
What is Capital Budgeting?
Under the trial and error method of calculating internal rate of return, what is the decision rule for accepting or rejecting a project?
Answer: …
Business Analyst Trainee
I would like to know what an IT business analyst would have to do in his job. What would be his key roles and what tools and information he must possess.... …
Decision Making Definition
Define decision making and quantitative methods?
Decision Making
What Is Quantitative Analysis
Explain the relevance of models of decision making in business operations.
Small Business Problems and Solutions
What is a business contingency plan? Please give an example of this in the food service industry.
Business Analyst Techniques
What are business analytic tools?
Give a live example of an organization which uses business analytic tools?
Answer: Business analytic tools can be …
Compound Interest Examples
Please give me the equation for the simple interest calculator.
Thank you
Rational Decision Making Model
How are analytical models used in decision making?
Answer: Here is a logical approach to using analytical models. First start the steps outlined in …
Bar Line or Pie Charts
What are pie charts used for?
Learning Curve Theory
What is the equation for the learning curve prediction calculation?
Business Decision Making Model
How do you implement decision making in management?
Decision Making
Decision Making Process in Business
Decision making is most critical managerial task. Discuss the above statement in light of the decision making steps.
Decision Making
How to Calculate NPV
How do you calculate net present value ignoring financing?
Definition of Decision Matrix
How do you arrive at the totals both horizontally and vertically in the decision matrix table?
Business Analyst Skill Set
This is not a question, but I think these are good management skills for a business analyst to have:
Communicate with all levels of management
Relate …
Recent Articles
-
CD Calculator Compounded Daily
Jan 28, 23 05:55 PM
The cd calculator compounded daily calculates the compound interest of a cd that is compounded daily. -
Calculate NPV Without Initial Investment
Jan 27, 23 04:10 AM
Calculating NPV without the requirement of an upfront investment. -
How To Make a Choice?
Jan 11, 23 10:32 PM
How to make a choice? Learn how to make decisions without procrastinating.