Valuation Engineer

Valuation Engineer Interview Questions and Answers

Updated 20 Nov 2024

Q1. How do you find the current value of any constructed property?

Ans.

The current value of a constructed property can be found through a combination of market research, property inspections, and analysis of comparable sales.

  • Conduct market research to understand current trends and demand in the real estate market

  • Inspect the property to assess its condition, features, and potential value-adding improvements

  • Analyze recent sales of similar properties in the area to determine a fair market value

  • Consider factors such as location, size, age, and ameni...read more

Q2. Explain process mining to your grandma

Ans.

Process mining is like a digital detective that analyzes event logs to uncover how processes are actually being executed.

  • Process mining uses event logs to reconstruct and visualize processes

  • It helps identify inefficiencies, bottlenecks, and deviations in processes

  • Examples include analyzing customer journey on a website or tracking the steps in a manufacturing process

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