i-exceed technology solutions Project Manager Interview Questions and Answers

Risk is a potential negative outcome while challenge is an opportunity for growth.

• Risk is something that may cause harm or loss while challenge is a task that requires effort and skill.

• Risk is often associated with uncertainty and unpredictability while challenge is a known obstacle that can be overcome.

• Risk can have a negative impact on a project or organization while challenge can lead to personal or professional gro...read more

Identify the root cause, re-evaluate the project plan, and communicate with stakeholders.

• Conduct a thorough analysis to identify the root cause of the issue

• Re-evaluate the project plan and make necessary adjustments

• Communicate with stakeholders to keep them informed and get their input

• Implement corrective actions and monitor progress closely

• Consider bringing in additional resources or expertise if needed

Waterfall is a linear approach to project management while Agile is iterative and flexible.

• Waterfall follows a sequential process while Agile is iterative.

• Waterfall requires detailed planning upfront while Agile allows for changes throughout the project.

• Waterfall is best suited for projects with well-defined requirements while Agile is better for projects with evolving requirements.

• Waterfall is more rigid while Agile i...read more

In a Fixed Price project, if the customer adds more scope, the project manager needs to assess the impact and negotiate a change order.

• Assess the impact of the added scope on the project timeline, budget, and resources.

• Negotiate a change order with the customer to account for the added scope.

• Ensure that the change order is documented and signed off by both parties before proceeding with the additional work.

• Communicate ...read more