Sample interview questions: Can you explain the process you follow for project feasibility studies?
Sample answer:
Project Feasibility Study Process
1. Problem Definition and Objectives
* Identify the project’s rationale, need, and objectives.
* Define the scope, boundaries, and constraints.
2. Data Collection and Analysis
* Gather technical, economic, environmental, and social data relevant to the project.
* Analyze data to assess potential risks, opportunities, and constraints.
3. Alternative Solutions Generation
* Develop multiple feasible solutions that meet project objectives and constraints.
* Evaluate alternatives based on technical, economic, and environmental criteria.
4. Environmental Impact Assessment
* Identify and assess potential environmental impacts of alternative solutions.
* Develop mitigation measures to minimize negative impacts.
5. Economic Feasibility Analysis
* Estimate project costs and benefits over its lifecycle.
* Conduct cost-benefit analysis to determine the economic viability of each alternative.
6. Technical Feasibility Assessment
* Evaluate the technical feasibility of alternative solutions.
* Consider factors such as available technology, site conditions, and regulatory requirements.