Sample interview questions: How do you assess the feasibility and viability of projects within a portfolio?
Sample answer:
Assessing Project Feasibility and Viability
1. Business Alignment:
* Evaluate whether the project aligns with the organization’s strategic objectives, market demand, and customer needs.
* Assess the project’s potential to generate revenue, reduce costs, or enhance stakeholder value.
2. Resource Availability:
* Determine if the required resources (e.g., budget, personnel, equipment) are available or can be procured within the project timeline.
* Identify potential constraints and develop mitigation strategies to address resource shortages.
3. Technical Feasibility:
* Evaluate the technical viability of the project, considering factors such as technology maturity, system compatibility, and risk of obsolescence.
* Conduct due diligence to ensure technical feasibility and identify potential technical challenges.
4. Risk Analysis:
* Conduct a comprehensive risk assessment to identify, quantify, and prioritize potential project risks.
* Develop risk management strategies to mitigate or transfer risks, ensuring project success.
5. Financial Viability:
* Perform financial analysis to determine the project’s return … Read full answer