Sakshham Consultants Project Engineer Interview Questions and Answers

Potential risks in projects

• Unclear project objectives

• Inadequate planning and resource allocation

• Lack of stakeholder involvement and communication

• Scope creep and requirement changes

• Budget overruns

• Technical challenges and dependencies

• Team conflicts and resource constraints

• External factors like market changes or regulatory issues

IFRS 15 is a standard that outlines how and when revenue should be recognized in financial statements.

• IFRS 15 provides guidance on when revenue should be recognized based on the transfer of goods or services to customers.

• It requires companies to identify performance obligations in a contract and allocate the transaction price to each obligation.

• An example of IFRS 15 in action would be a software company recognizing rev...read more

IFRS 15 impacts real estate revenue recognition by changing timing and method of revenue recognition.

• IFRS 15 requires revenue to be recognized when control of the property is transferred to the buyer, rather than when risks and rewards are transferred.

• Real estate developers may need to adjust their financial statements and contracts to comply with the new standard.

• IFRS 15 also requires more detailed disclosures about r...read more

I am an experienced Project Manager with a background in leading cross-functional teams to successful project completion.

• Led multiple projects from initiation to closure, ensuring deliverables are met on time and within budget

• Managed stakeholder expectations and communication throughout project lifecycle

• Utilized project management tools such as Gantt charts, risk registers, and status reports

• Facilitated team meetings a...read more

Project phases are distinct stages in a project's lifecycle, each with specific goals and deliverables.

• Initiation: Define project scope, objectives, and stakeholders.

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

• Execution: Implement project plan and deliver project deliverables.

• Monitoring and Controlling: Track project progress and make necessary adjustments.

• Closing: Finalize project deliverables and hand off to...read more