TRL Krosaki Refractories Senior Manager Project Management Interview Questions and Answers

The stages of project cycle include initiation, planning, execution, monitoring and control, and closure.

• Initiation involves defining the project, identifying stakeholders, and creating a project charter.

• Planning involves creating a project plan, defining scope, creating a work breakdown structure, and identifying resources.

• Execution involves carrying out the project plan, managing resources, and communicating with sta...read more

Project IRR is calculated by finding the discount rate that makes the net present value of cash flows equal to zero.

• IRR is the rate at which the net present value of cash inflows equals the net present value of cash outflows.

• It is calculated by using trial and error or by using software like Microsoft Excel.

• IRR is used to evaluate the profitability of a project and to compare it with other investment opportunities.

• If t...read more