Do you use Pareto Analysis in your role as a business analyst, and if so, how?
You'll note that this is a specific technical question related to your role as a business IT analyst. As the interview progresses, the technical questions will become harder and complicated. We recommend you take the time to review these types of questions and practice responding to them. You should do this out loud so that you will be prepared for the interview.
"I do use Pareto Analysis, which is a type of analysis based on the Pareto Principle, also known as the 80/20 rule. Simplified, 80% of the results you obtain are based on 20% of the activity or input. I use this concept to identify the key components of a project or business process that will yield the majority of the results. This helps me create a framework for producing business decisions, such as where to make investments that will have the most impact."
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Anonymous Answer
For me, the use of the Pareto Analysis is a must when prioritizing solutions and tasks on the backlog. During the first 6 months at ****, my main role was to work at the strategic and initiative horizons to develop the institution's 3-year plan to its digital transformation. During this time I used a Pareto Analysis to prioritize the order in which we should engage the solutions in our plan. Starting with those that deliver the highest value with the least effort and then moving forward down the line.
Amanda's Feedback
Wonderful! You've explained the benefits of using Pareto Analysis to prioritize work and maintain efficient workflows so that you're generating the highest value deliverables first. Any employer will appreciate your ability to plan strategically in order to have the biggest possible impact on the business.
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