Core Energy Systems Limited Planning Engineer Interview Questions and Answers

WBS stands for Work Breakdown Structure, a hierarchical decomposition of project deliverables into smaller, manageable components.

• WBS is a tool used in project management to organize and define the scope of a project

• It breaks down the project into smaller, more manageable components

• Each component is then assigned a unique identifier and can be further broken down into smaller components

• WBS helps in estimating project c...read more

Progress payment is a payment made to a contractor based on the percentage of work completed.

• Determine the percentage of work completed

• Agree on the payment schedule with the contractor

• Verify the work completed before making the payment

• Ensure the payment is made on time to avoid delays

• Keep accurate records of progress payments made

A contract for vendors should clearly define the scope of work, payment terms, delivery schedule, quality standards, and dispute resolution mechanisms.

• Define the scope of work and deliverables

• Specify the payment terms and schedule

• Set quality standards and acceptance criteria

• Include provisions for warranties and guarantees

• Outline the dispute resolution mechanisms

• Include clauses for termination and breach of contract

• Ensu...read more