Lifeline hospital Interview Questions and Answers

Invest in a diversified portfolio of stocks, bonds, and real estate.

• Diversify your portfolio to minimize risk

• Consider investing in blue-chip stocks and government bonds

• Real estate can provide long-term returns

• Consult with a financial advisor for personalized advice

Planning and scheduling of projects involves creating a timeline and allocating resources efficiently.

• Develop a project plan outlining tasks, timelines, and resources needed

• Use project management tools like Gantt charts to visualize the schedule

• Allocate resources effectively to ensure timely completion

• Regularly monitor progress and adjust schedule as needed

• Examples: Construction projects, software development projects

Cost control for entire project involves monitoring expenses, identifying variances, and implementing corrective actions.

• Regularly track and monitor project expenses

• Compare actual costs to budgeted costs

• Identify cost variances and investigate reasons

• Implement corrective actions to address cost overruns

• Utilize cost management tools and software for accurate tracking

• Communicate cost status to stakeholders regularly

To calculate project budget and cash flow, determine all expenses and income, create a timeline, and track progress.

• Identify all expenses and income related to the project

• Create a timeline for the project and allocate expenses accordingly

• Track progress and adjust budget as needed

• Consider potential risks and unexpected expenses

• Use budgeting software or spreadsheets to help with calculations

• Regularly review cash flow to ensure there is enough funding to complete the project

The quantum of construction refers to the amount or volume of construction work that needs to be completed.

• The quantum of construction can be measured in terms of the total area to be constructed, the number of units or buildings to be constructed, or the total volume of materials required.

• It is important for a General Manager Project to accurately estimate the quantum of construction in order to plan resources, timelines, and budgets effectively.

• For example, if a project inv...read more

Quality of construction is a crucial aspect in project management.

• Quality of construction directly impacts the durability and safety of the project.

• It involves using high-quality materials, skilled labor, and adherence to industry standards.

• Regular inspections and quality control measures ensure compliance with specifications.

• Quality construction reduces maintenance costs and enhances the overall value of the project.

• For example, using reinforced concrete instead of regular c...read more