Project management is the process that involves planning, organizing, executing, regulating, and concluding a team’s work in order to achieve a specific success criteria within a time frame. Project management’s main challenge is to achieve all the project’s goals while keeping within the limitations. The five phases of project management are planning, execution, closing, monitoring, and closure. Project management is the application of information, skills and strategies to project activities. If you are interested in a career in project management, check out the Project Management Job Interview Questions & Answers.
1. What are the purposes of stakeholder analysis and Power Interest Grid?
Stakeholder analysis is the process of compiling a list with all potential stakeholders that could be involved in the project in one way or another. A power-interest grid can be used to categorize stakeholders and prioritize them according to their importance and impact. The power-interest grid and stakeholder analysis help to prioritize the positions of stakeholders in a project in order to develop relevant stakeholder engagement strategies.
2. What does it mean for a stakeholder to be involved?
Stakeholders are those who stand to gain or lose from the success or failure of a phase or project.
3. What does Project Baselines mean?
It is the end of any cycle or deliverable. You have completed the requirement phase, and the client has approved the requirement paper. You now need to establish a baseline. Also, state that any changes made to this document will be treated as a change request. Source code versioning is one type of baseline.
4. Define Effort Variance.
Effort Variance = (Actual effort – Estimated Effort) / Estimated Effort
5. How can you tackle project execution?
The PM must be able to lead and collaborate with sponsors and peers, as well as project stakeholders. They must also have excellent communication and interpersonal skills.
6. What conflict management techniques will you use to manage conflicts between team members and stakeholders?
Conflicts within a project result from disagreements between stakeholders or team members. These conflicts are common and the PM should be able to intervene and resolve them to create a climate of trust and respect.
Conflict management techniques for project managers include:
Problem-solving/collaborating or confronting which is the best method to fix disputes
Competing/Forcing
Accommodation
Avoiding/Withdrawing
Reconciling/Compromising
7. How can you manage underperforming team members?
It is crucial that Project Managers keep an eye on the performance of each member of their team to gain a complete picture of the team. There are several ways we can deal with an underperforming member of our team.
To understand the root cause, have a friendly and casual conversation with your client.
To motivate the team member who isn’t performing, offer support, encouragement, and training.
After evaluating their capabilities, analyze if there are any opportunities to change the role of a particular member of the team.
You can see if the underperforming resource is possible to be replaced with a more capable one.
8. How can you stop Gold Plating?
One of the most common phenomena seen during project execution is gold plating. Customers will be happy if the development team delivers more than they expect.
9. How do you handle new changes?
Any project baseline will have changes. This includes changing any aspect of the project plan, such as the timeline and resources, technology, scope, or requirements. These requests can be made by the client, any stakeholder, or even the project manager.
