WSP Associate Director Interview Questions and Answers

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

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

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

Risk and issues are different in project management. PwC is chosen for its expertise. Future goals include growth and success.

• Risk is a potential future event that may have a negative impact on the project, while an issue is a current problem that is already affecting the project.

• PwC is chosen for its reputation, expertise, and track record in project management.

• Future goals may include achieving project milestones, de...read more

My approach involves defining project scope, creating a detailed plan, assigning tasks, monitoring progress, and adapting as needed.

• Define project scope and objectives clearly

• Create a detailed project plan with timelines and milestones

• Assign tasks to team members based on their skills and expertise

• Monitor progress regularly and communicate with stakeholders

• Adapt the plan as needed based on feedback and changes in requi

To deal with an unstructured team, establish clear goals, provide guidance and support, encourage open communication, and adapt leadership style.

• Establish clear goals and expectations to provide direction for the team.

• Provide guidance and support to help team members navigate uncertainty.

• Encourage open communication to foster collaboration and problem-solving.

• Adapt leadership style to meet the needs of individual team ...read more