Question: Considering your most recently completed project, describe the risks involved and how you managed them.

Alternative Question Phrasing:

Describe one of your current or recently completed projects, and point out the risks involved.

Follow-up questions:

How did you make decisions? How do you know that you made the correct ones?
What would have been the negative impacts if these risks weren’t handled well?
What one skill or knowledge did you gain especially while handling a risk at workplace?
If there were any high level risks, what should be the best approach?

Question Details:

Question Type:

Behavioral

Skills:

Basic – Critical Thinking,Basic – Monitoring (Making observations of self and environment),Complex Problem Solving,Systems Analysis,Systems Evaluation

Abilities:

Cognitive – Flexibility of Closure (Pattern Detection),Cognitive – Originality,Cognitive – Problem Sensitivity (Problem Recognition),Cognitive – Visualisation

Other Factors:

Big 5 – Neuroticism (Emotion Regulation),Candidate Preparedness,Direct Job Experience,Personal Improvement (Growth),Personality-Job Fit,Personality-Organization Fit

Work Activity (Task):

Information Input – Identifying Objects, Actions, and Events,Information Input – Monitor Processes, Materials, or Surroundings,Interacting with Others – Communicating with Supervisors, Peers, or Subordinates,Mental Processes – Analyzing Data or Information,Mental Processes – Developing Objectives and Strategies,Mental Processes – Judging the Value of Things, Services, or People,Mental Processes – Organizing, Planning, and Prioritizing Work,Mental Processes – Thinking Creatively (Creativity)

Work Context (Person-Job/Team/Org Fit):

Job Structure – Structured versus Unstructured Work

Work Style (Person-Job Fit):

Achievement/Effort (Action/Result Orientation),Analytical Thinking,Attention to Detail,Handling Ambiguity,Initiative,Risk Tolerance,Self Control,Stress Tolerance

Question Frequency

Question Difficulty

What to look for in an answer:

If the candidate’s example displays that they did foresee these risks and were prepared well.
If the candidate clearly explains their learnings from the experience.

Red Flags to Watch For:

If the candidate shows overconfidence and mentions that they had no clue about the risks but they still did a brilliant job in handling them.
If the candidate escalated the situation to their manager without giving it a try.

Sample Answer:

N/A

Question Source: https://www.totaljobs.com/advice/most-common-competency-based-interview-questions