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PFB Interview Questions and Answers
Ques:- How do project scheduling help achieve project execution?
Right Answer:
Project scheduling helps achieve project execution by organizing tasks, allocating resources, setting deadlines, and establishing a timeline, which ensures that the project stays on track, meets deadlines, and efficiently utilizes resources.
Ques:- What is the output of scope definition process?
Right Answer:
The output of the scope definition process is the project scope statement, which includes the project objectives, deliverables, boundaries, and acceptance criteria.
Ques:- Explain project selection methods?
Right Answer:
Project selection methods are techniques used to evaluate and choose projects based on their potential value and alignment with organizational goals. Common methods include:

1. **Cost-Benefit Analysis**: Comparing the expected costs and benefits of a project to determine its feasibility.
2. **Scoring Models**: Assigning scores to projects based on predefined criteria to rank them.
3. **Payback Period**: Calculating the time it takes to recover the initial investment from the project's cash flows.
4. **Net Present Value (NPV)**: Assessing the profitability of a project by calculating the difference between the present value of cash inflows and outflows.
5. **Internal Rate of Return (IRR)**: Determining the discount rate that makes the NPV of a project zero, indicating its potential return.
6. **Portfolio Analysis**: Evaluating projects as part of a larger portfolio to balance risk and return.
7. **Expert Judgment**: Relying on the insights of experienced stakeholders
Ques:- What metrics would you expect to use to determine the on-going success of your project?
Right Answer:
Key metrics to determine the ongoing success of a project include:

1. **Schedule Variance (SV)** - Measures if the project is on schedule.
2. **Cost Variance (CV)** - Assesses if the project is within budget.
3. **Quality Metrics** - Evaluates the quality of deliverables against standards.
4. **Stakeholder Satisfaction** - Gauges the satisfaction of stakeholders and team members.
5. **Scope Change** - Tracks any changes to the project scope and their impact.
6. **Risk Management** - Monitors identified risks and the effectiveness of mitigation strategies.
7. **Resource Utilization** - Measures how effectively resources are being used.
8. **Milestone Achievement** - Checks if key project milestones are being met on time.
Ques:- What is Prepaid Card transaction life cycle?
Right Answer:
The prepaid card transaction life cycle includes the following steps:

1. **Card Issuance**: The card is issued to the customer after loading funds onto it.
2. **Activation**: The card must be activated by the user before it can be used.
3. **Transaction Initiation**: The cardholder uses the card to make a purchase or transaction.
4. **Authorization**: The transaction request is sent to the card network for authorization.
5. **Verification**: The network checks if sufficient funds are available and verifies the transaction details.
6. **Approval/Decline**: The transaction is either approved or declined based on the verification.
7. **Settlement**: If approved, the transaction amount is deducted from the card balance and settled with the merchant.
8. **Transaction Completion**: The merchant receives confirmation, and the transaction is completed.
9. **Balance Update**: The card balance is updated to reflect the transaction.

This cycle repeats for each transaction made with
Ques:- How is it possible for a company to show positive net income but go bankrupt?
Right Answer:
A company can show positive net income but go bankrupt if it has high levels of debt or cash flow problems, meaning it doesn't have enough cash to pay its liabilities, even though it is profitable on paper.
Ques:- What is the job of sales support team
Right Answer:
The job of the sales support team is to assist the sales team by handling administrative tasks, providing product information, managing customer inquiries, and ensuring smooth communication between departments to help close sales effectively.
Ques:- Ent analysis or textual analysis is a methodology in the social sciences for studying the content of communication. Earl Babbie defines it as “the stu
Right Answer:
Content analysis is a research method used to systematically analyze communication content, such as texts, speeches, or media, to identify patterns, themes, and meanings.
"PFB" organization, standing for "Please Feed the Bears," is a non-profit dedicated to preserving wildlife habitats and ensuring the well-being of bears in their natural environments. Founded by a group of passionate conservationists, PFB focuses on raising awareness about the importance of bear conservation and implementing strategies to mitigate human-wildlife conflicts. PFB's mission is multifaceted, encompassing both conservation efforts and community engagement initiatives. The organization works closely with local communities, governments, and conservation agencies to develop sustainable solutions that protect bear populations while also addressing the needs of human populations living in bear habitats. One of PFB's key initiatives is its bear feeding program, which aims to reduce conflicts between bears and humans by providing supplemental food sources for bears in areas where natural food is scarce. By ensuring that bears have access to an adequate food supply, PFB helps prevent bears from venturing into human settlements in search of food, reducing the risk of human-bear encounters and conflicts.
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