This is another question where you can turn this answer into a good experience. I am going to be using the answer as the one where you failed to complete an assignment on time. This is good practice to use a similar answer by changing only a few sentences to answer another tough interview question. But first, I'll give an example of a different short answer.
This is a similar experience we already used, but you changed the beginning and the end to tailor it to this question. Remember that you can use one answer for multiple questions. This answer should make you look good instead of looking like you made a terrible mistake.