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CAPM · Question #223

When managing costs in an agile environment, what should a project manager consider?

The correct answer is A. Lightweight estimation methods can be used as changes arise. In agile environments, the emphasis is on delivering value iteratively and responding to change. Agile projects use lightweight estimation techniques - such as story points, T-shirt sizing, and planning poker - that are fast, relative, and easy to revise as scope evolves…

Agile Frameworks/Methodologies

Question

When managing costs in an agile environment, what should a project manager consider?

Options

  • ALightweight estimation methods can be used as changes arise
  • BAgile environments make cost aggregation more difficult
  • CAgile environments make projects more costly and uncertain
  • DDetailed cost calculations benefit from frequent changes

How the community answered

(15 responses)
  • A
    87% (13)
  • C
    7% (1)
  • D
    7% (1)

Explanation

In agile environments, the emphasis is on delivering value iteratively and responding to change. Agile projects use lightweight estimation techniques - such as story points, T-shirt sizing, and planning poker - that are fast, relative, and easy to revise as scope evolves. Because agile embraces change, estimation methods must be equally flexible. Agile does not inherently make cost aggregation harder or projects more costly; instead, it provides transparency and frequent re-estimation opportunities. Detailed, rigid cost calculations are characteristic of predictive (waterfall) approaches, not agile.

Topics

#Agile Cost Management#Estimation#Lightweight Estimation#Adaptive Planning

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