Sample interview questions: Can you provide an example of a project where you had to estimate costs for a project with evolving government regulations? How did you adapt?
Sample answer:
Example Project with Evolving Government Regulations
In a renewable energy construction project, evolving government regulations impacted the project’s design and costing.
Adaptation Strategy:
To address the uncertainty, we employed a collaborative approach:
- Regular Monitoring and Communication: We established a dedicated team to monitor regulation changes and communicate updates to stakeholders.
- Scenario Planning: We developed multiple scenarios based on potential regulatory outcomes, estimating costs for each scenario.
- Phased Approach: The project was divided into phases, allowing for flexibility in adjus… Read full answer