Narula Infrastructure Project Lead Interview Questions and Answers

Class type 22 refers to a specific category or classification within a system or framework.

• Class type 22 may refer to a specific type of product or service offered by a company.

• It could also be a classification used in a particular industry or field.

• In some cases, class type 22 may be a code or identifier used for organizational purposes.

Reconciliation accounts are maintained to ensure accuracy and consistency in financial records.

• Helps in identifying discrepancies between different accounts

• Ensures accuracy and consistency in financial statements

• Facilitates easy tracking of transactions and balances

• Aids in detecting errors or fraud in accounting records

Company code level is maintained for global settings applicable to all clients, while client level is maintained for specific settings unique to each client.

• Company code level settings include currency, chart of accounts, and fiscal year variants.

• Client level settings include customer master data, vendor master data, and sales organization data.

Blueprint phases include planning, designing, and implementation. Tables are used to organize data in a structured format.

• Blueprint phases: planning, designing, implementation

• Tables: organize data in structured format

• Examples: creating a blueprint for a new building, using tables in a database to store information

Bank reconciliation involves comparing the bank statement with the company's records to ensure they match, while validations involve verifying the accuracy and completeness of financial transactions.

• Bank reconciliation ensures that the company's records match the bank statement by comparing deposits, withdrawals, and other transactions.

• Validations involve verifying the accuracy and completeness of financial transaction...read more

Project life cycle can be managed by following a structured approach that includes planning, execution, monitoring, and closure.

• Define project scope, objectives, and deliverables

• Create a project plan with timelines, milestones, and resources

• Execute the plan and monitor progress regularly

• Identify and manage risks, issues, and changes

• Close the project by delivering the final product and conducting a post-project review

Managing client relationships involves effective communication, understanding their needs, and delivering quality service.

• Establish clear communication channels and respond promptly to their queries

• Understand their needs and expectations and tailor your services accordingly

• Deliver quality service and exceed their expectations

• Maintain transparency and honesty in all dealings

• Regularly seek feedback and take corrective ac...read more