Principal Project Manager Interview Questions

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Please write a memo detailing your 3/6/12 month Kojo AP plan. Based on what you know at this point, through your own professional experience and context from the Kojo team, what would you do to make most impactful strides in this space? 

The reviewers will be Micah and our CEO, Maria, whom you'd meet as a final step if this round goes well. Let us know if you have any questions!

Pre-read context: * The current version of the product allows a contractor to receive their invoice, check it against PO and delivery, send issues back to vendor, integrate to accounting system, and pay invoice over ACH. * The invoice volume was +200m annualized in Q1. Our payments product was in beta, and produced 120k in GMV. * This is an upsell product that’s built on top of the Kojo procurement product, which allows the field team at a trade contractor to request materials, the procurement team to run a quote process and send pos and to have this information synced with their accounting system and vendors * To monetize payments, we are starting by trialing a “ghost card” - allow a contractor to receive cash back by swapping in a credit card issued to Kojo in lieu of an ach wire (we have the flow of funds worked out to be minimal risk to Kojo). Questions/topics to discuss and write about: * What do you see as the pros and cons of the ghost card approach? * What other ideas for payments monetization do you have to boost avg take rate? * How would you think about when would be the right time to separate our Kojo AP  product from the procurement product (ie allow a trade contractor to buy a limited version of Kojo AP that doesn’t require procurement of our procurement product). How would you think about running a test for this? And what do you think are benefits and risks of this approach? * What are 1-3 most comparable products to Kojo AP? What do you think they do well that we should consider copying?
avatar

Principal Product Manager

Interviewed at Kojo Technologies

4.1
Aug 26, 2024

Please write a memo detailing your 3/6/12 month Kojo AP plan. Based on what you know at this point, through your own professional experience and context from the Kojo team, what would you do to make most impactful strides in this space? 

The reviewers will be Micah and our CEO, Maria, whom you'd meet as a final step if this round goes well. Let us know if you have any questions!

Pre-read context: * The current version of the product allows a contractor to receive their invoice, check it against PO and delivery, send issues back to vendor, integrate to accounting system, and pay invoice over ACH. * The invoice volume was +200m annualized in Q1. Our payments product was in beta, and produced 120k in GMV. * This is an upsell product that’s built on top of the Kojo procurement product, which allows the field team at a trade contractor to request materials, the procurement team to run a quote process and send pos and to have this information synced with their accounting system and vendors * To monetize payments, we are starting by trialing a “ghost card” - allow a contractor to receive cash back by swapping in a credit card issued to Kojo in lieu of an ach wire (we have the flow of funds worked out to be minimal risk to Kojo). Questions/topics to discuss and write about: * What do you see as the pros and cons of the ghost card approach? * What other ideas for payments monetization do you have to boost avg take rate? * How would you think about when would be the right time to separate our Kojo AP  product from the procurement product (ie allow a trade contractor to buy a limited version of Kojo AP that doesn’t require procurement of our procurement product). How would you think about running a test for this? And what do you think are benefits and risks of this approach? * What are 1-3 most comparable products to Kojo AP? What do you think they do well that we should consider copying?

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