M S Infraengineers Deputy Highway Project Manager Interview Questions and Answers

Cost control in execution is crucial for staying within budget and ensuring project success.

• Cost control helps in monitoring and managing expenses throughout the project lifecycle.

• It allows for identifying potential cost overruns early on and taking corrective actions.

• Effective cost control ensures that resources are utilized efficiently and project stays on track.

• Examples include tracking labor costs, material costs, ...read more

Expenses such as labor costs, materials, equipment, and overhead can affect the revenue of a project.

• Labor costs: Salaries, wages, benefits for project team members

• Materials: Cost of raw materials, supplies, and equipment needed for the project

• Equipment: Rental or purchase costs of machinery and tools

• Overhead: Administrative expenses, utilities, insurance, and other indirect costs

• Unexpected expenses: Unforeseen costs t

Fundamental specifications in execution include project scope, budget, timeline, quality standards, and risk management.

• Project scope defines the boundaries and deliverables of the project.

• Budget outlines the financial resources allocated for the project.

• Timeline sets the deadlines and milestones for project completion.

• Quality standards ensure that the project meets specified requirements.

• Risk management involves ident...read more