MKCL Project Associate Interview Questions and Answers

The project life cycle consists of initiation, planning, execution, monitoring and controlling, and closing phases.

• Initiation: Define the project, set goals, and obtain approval.

• Planning: Develop a project plan, schedule, and budget.

• Execution: Implement the project plan and deliver the project deliverables.

• Monitoring and Controlling: Track progress, manage changes, and ensure project stays on track.

• Closing: Finalize al...read more

Assessing risks involves identifying potential risks, analyzing their impact and likelihood, and developing strategies to mitigate them.

• Identify potential risks by brainstorming with team members and stakeholders

• Analyze the impact and likelihood of each risk using risk assessment tools

• Develop strategies to mitigate risks, such as contingency plans or risk transfer

• Regularly review and update the risk assessment througho...read more