WHAT DOES AN IT PROJECT ANALYST DO?

Published: Nov 14, 2025 - The Information Technology (IT) Project Analyst focuses on analyzing business requirements, designing system specifications, and ensuring IT solutions align with organizational objectives. This role involves evaluating client needs, developing documentation such as BRDs and flow diagrams, and supporting testing processes to validate functionality and performance. The analyst also includes providing technical expertise to optimize systems, manage scope, and maintain requirement traceability throughout the project lifecycle.

A Review of Professional Skills and Functions for IT Project Analyst

1. IT Project Analyst Duties

  • Project Management: Develops project task lists and executes activities related to project communication, documentation, and reporting
  • Requirements Analysis: Collaborates in the development of project business and system requirements and develops the required project documentation
  • Status Reporting: Communicates with management regarding the status of specific projects
  • Tool Utilization: Utilizes project management tools to develop and prepare project status tracking reports and required metrics for reporting purposes
  • Process Improvement: Analyzes reports and makes recommendations for process improvements
  • Deliverable Analysis: Performs analysis of project deliverables to update and publish processes, procedures, and standards
  • Progress Communication: Communicate project status to management
  • Audit Participation: Participates in internal and external audits
  • Data Interpretation: Interprets data to make recommendations for project timelines and related auditing activities

2. IT Project Analyst Details

  • Financial Reporting: Provide financial reporting assistance to facilitate project reporting, project support, and provide project insight to the accountable leadership teams
  • Governance Compliance: Act as governance to the Delivery Teams to ensure compliance with standards being met when presenting financial and key data
  • Programme Coordination: Work closely with the Club's Finance, Audit, and Project Delivery Teams to ensure the Programme execution in the preparation of reports and communication in senior leadership meetings, and ensure compliance with agreed actions
  • Finance Liaison: Serve as the first point of contact to liaise with and manage Finance to ensure the Programmes are compliant with the agreed Finance governance standards and action plans to address any gaps, issues, or concerns
  • KPI Monitoring: Support the Finance Lead to monitor, report, and implement key Finance KPIs to the Leadership Team to facilitate effective decision making to support successful programme delivery
  • Process Improvement: Contribute to the successful definition, implementation, and ongoing review of the Programme Planning and Delivery activities
  • Gap Analysis: Address gaps and strengthen current practices
  • Investigative Research: Take responsibility for investigative work to determine requirements and specify effective PM processes through understanding the current weaknesses and gaps
  • Cultural Engagement: Participate and contribute positively to create a diverse and inclusive culture with trust and respect
  • Team Collaboration: Play an active role to support cross-team, division, and department efforts and model collaborative behaviours

3. IT Project Analyst Responsibilities

  • Team Contribution: Contributing member of the project team
  • Requirements Coordination: Responsible for coordinating the requirements planning, elicitation, documentation, review, and approval activities for the projects to which they are assigned in the PMO (Project Management Office)
  • Cross-Functional Support: Supporting multiple business units, cross-functional teams, channels, and other logical business functions
  • Stakeholder Liaison: Serve as a key liaison between Business, EPO, Data, and Technology Services (D&TS) teams and other LOBs
  • Requirement Development: Drive requirements for the project based on the approved Project Charter objectives and scope items
  • Requirement Analysis: Plan, elicit, capture, analyze, and validate requirements
  • Session Facilitation: Facilitate requirements elicitation sessions and walkthroughs with Business, project stakeholders, and other D&TS resources
  • Process Documentation: Develop, document, and revise process flow charts
  • Mentorship Support: Coach and mentor junior-level Business Analyst associates and team members

4. IT Project Analyst Job Summary

  • Domain Expertise: Provide industry domain knowledge to ensure IT investments have business relevance
  • Requirements Analysis: Perform requirements analysis and test case design at project levels and establish product roadmaps with engineering teams
  • Client Evaluation: Evaluate client requirements to recommend appropriate technology solutions
  • Business Analysis: Analyze complex business problems to be solved with automated systems
  • Requirement Documentation: Document high-level business requirements, identify business needs, and translate into BRDs or flow diagrams or other documents
  • Specification Writing: Document detailed business requirements, complex business rules, relevant use cases, and functional specifications
  • Technical Expertise: Provide technical expertise in identifying, evaluating, and developing systems and procedures that are cost-effective and meet user requirements
  • System Configuration: Configure system settings and options
  • Test Execution: Plan and execute unit, integration, and acceptance testing
  • System Design: Create specifications for systems to meet business requirements
  • Automation Design: Design details of automated systems
  • User Consultation: Provide consultation to users in the area of automated systems
  • Scope Management: Support prioritization and scope management of requirements
  • Requirement Traceability: Support traceability of requirements to solution design
  • Scenario Testing: Support translation of requirements into test scenarios and testing in some rare cases

5. IT Project Analyst Accountabilities

  • Project Management: Run and follow ongoing projects according to the defined plan
  • Risk Management: Anticipate and identify risks and run the risk plan
  • Technical Evaluation: Challenge technically the editors and consultants
  • Quality Assurance: Follow up and perform quality checks on deliverables
  • Stakeholder Communication: Provide regular reporting and communication with the stakeholders
  • Policy Compliance: Ensure adherence to Company Policies, Processes, and Procedures mainly related to Project Management, Security, Compliance, and Quality
  • Project Coordination: Organize and manage all phases of the project to ensure on-time completion
  • Resource Planning: Work with team members to prepare detailed plans for new projects, determining resource allocation, deliverable timelines, and possible issues
  • Strategic Analysis: Guide and perform strategic analysis for the project
  • Documentation Management: Prepare and maintain project documentation including schedules, reports, and meeting notes
  • Solution Design: Analyze business requirements and design solutions that effectively meet business needs
  • Issue Resolution: Troubleshoot issues quickly and effectively
  • Data Analysis: Monitor, collect, and assemble data from multiple sources to identify trends and provide recommendations
  • Financial Reporting: Conduct financial analysis and reporting through Excel
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