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The role of Functional Analyst is one of the keys for successful software development. In Cracking the Code: Breaking Down the Software Development Roles you get a high level view of the software development industry and the various roles involved including that of the Functional Analyst. The role of the functional analyst (FA) is to capture, consolidate, and communicate the information from the Subject Matter Expertss (SMEs) to the rest of the team. This may seem odd if there's only one Subject Matter Expert; however, the typical case for a sizeable software development project is that it takes several SMEs in order to provide the necessary information to create a solution. Because of this the Functional Analyst is a critical link between the Subject Matter Experts providing the business requirements and the rest of the team trying to construct the solution.
Anatomy of a Software Development Role: Functional Analyst