Williams-Sonoma, Inc. Interview Question

Very basic project management questions about scope management, project planning, status reporting, communication and budget management. The hardest part was around budget management: WS manages projects within very narrow budget bands (+/- 5%). This requires a significant amount of administrative work just to track expenditures. Add forecasting to that. Without emitting an opinion as whether this is good or bad, it is certainly very water-fall (traditional), to the extent that most companies today balance administrative overhead with the imperatives of delivery, quality. and time-to-market.