ARCHER Interview Questions and Answers

Project life cycle is the process of planning, executing, and closing a project.

• Initiation: Define the project scope, objectives, and stakeholders.

• Planning: Develop a detailed project plan, including timelines, budget, and resources.

• Execution: Implement the project plan, monitor progress, and make necessary adjustments.

• Monitoring and Control: Track project performance, identify and manage risks, and ensure quality.

• Closure: Complete all project deliverables, obtain final appro...read more

Unbilled revenue is revenue that has been earned but not yet invoiced to the customer.

• Unbilled revenue is also known as accrued revenue or deferred revenue.

• It is common in industries where services are provided over a period of time, such as consulting or software development.

• Unbilled revenue is recorded as a liability on the balance sheet until an invoice is issued.

• Once an invoice is issued, the unbilled revenue is recognized as revenue on the income statement.

• For example, a...read more

Budget is a financial plan that outlines expected income and expenses. Types include static, flexible, and rolling budgets.

• Budget is a financial plan that helps organizations allocate resources and achieve their goals.

• Static budget is a fixed budget that remains unchanged regardless of actual sales or production.

• Flexible budget adjusts to changes in sales or production levels.

• Rolling budget is a continuous budget that is updated regularly throughout the year.

• Other types of bu...read more

Epics and features are high-level requirements that define the scope of a project or product.

• Epics are large, overarching requirements that are broken down into smaller features.

• Features are specific, measurable requirements that provide business value.

• Epics and features are used in agile development to prioritize work and track progress.

• Examples of epics and features include user authentication, payment processing, and search functionality.

I structure the services roadmap by prioritizing based on business goals, technology trends, and customer needs.

• Identify business goals and objectives

• Analyze technology trends and advancements

• Gather feedback from customers and stakeholders

• Prioritize services based on impact and feasibility

• Create a timeline for implementation and deployment