PMP Question #104: Real Exam Question with Answer & Explanation

Question

A company that uses a predictive approach and operates in a highly regulated market is losing profitability because its product life cycle is taking longer than those of its competitors. A new project manager has been hired to change this scenario. What approach should the project manager propose?

Options

• AMigrate to an agile model, focusing primarily on an iterative approach, leaving the incremental life
• BChange to an agile model, focusing primarily on the incremental life cycle, leaving the iterative
• CMaintain a predictive approach, but increase the focus on better planning and tracking to
• DPropose a hybrid approach, leveraging the benefits of an agile approach while respecting some

Explanation

Given a highly regulated environment that necessitates some predictive elements but requires faster product cycles, a hybrid approach blending agile's speed with predictive's control is most suitable.

Common mistakes.

• A. Migrating fully to an agile model, even with an iterative focus, might be challenging or unsuitable for a highly regulated market that often requires extensive upfront planning and documentation for compliance.
• B. Similar to A, a full agile transformation focusing on incremental delivery might neglect the strict regulatory requirements and control needs inherent in such markets.
• C. Maintaining a purely predictive approach, even with better planning, is unlikely to solve the core problem of a slow product life cycle compared to competitors who are likely using more adaptive methods.

Concept tested. Hybrid project management approaches

No community discussion yet for this question.