Sample interview questions: How do you assess the financial impact of scope changes in a project?
Sample answer:
Assess Financial Impact of Scope Changes
- Quantify Cost Implications: Determine additional costs associated with the scope change, including labor, materials, equipment, and overhead expenses.
- Estimate Schedule Impacts: Assess potential delays caused by the scope change and adjust the schedule and budget accordingly.
- Analyze Resource Requirements: Identify additional resources needed to implement the scope change and consider their impact on project costs.
- Review Contractual Obligations: Examine the project contract to determine any financial penalties or incentives terkait with scope changes.
- Consider Opportunity Costs: Evaluate the financial value of other projects or opportunities that may be affected by the scope change.
- Conduct Sensitivity Analysis: P… Read full answer
Source: https://hireabo.com/job/1_3_30/Project%20Financial%20Analyst