Sample interview questions: Can you provide an example of a project where you had to estimate costs for a project with evolving customer requirements? How did you manage it?
Sample answer:
Example of Cost Estimation with Evolving Customer Requirements
Project: Development of a custom software platform
Challenge: The customer’s requirements were frequently changing during the project, requiring constant adjustments to the scope and cost estimates.
Solution:
- Established a collaborative relationship with the customer: I maintained regular communication to understand their evolving needs and proactively seek feedback on proposed changes.
- Utilized agile estimation techniques: I used story points and velocity tracking to estimate the effort required for new requirements and adjust the overall cost estimates accordingly.
- Implemented a change control process: A formal process was put in place to track, review, and approve any changes to the requirements or scope. This ensured transparency and traceability of cost impacts.
- Increased estimation frequency: I conducted regular cost re-estimations to account for changing requirements and ensure accuracy.
- Communicated cost implications clearly: I … Read full answer