PMP Question #134: Real Exam Question with Answer & Explanation

Question

An agile project will be delivered to a client based on a fixed price in cryptocurrency. Due to the volatility of cryptocurrency, both parties have agreed to adjust the scope to the value of the cryptocurrency at the end of every iteration and halt the project when the agreed price is reached. Which approach should be used in this situation?

Options

• AA flow-based approach starting with the smallest stories.
• BAn iterative approach starting with the highest value epic.
• CA predictive approach with short phases.
• DAn incremental approach with a minimum viable product (MVP).

Explanation

A project with a fixed price in volatile cryptocurrency requires an agile approach that allows for scope adjustments per iteration to match the currency's value until the agreed price is reached.

Common mistakes.

• A. A flow-based approach starting with the smallest stories might not deliver significant value quickly enough or provide enough flexibility if the project needs to halt due to early cryptocurrency value fluctuations.
• C. A predictive approach lacks the necessary flexibility to continuously adjust scope in response to the volatile cryptocurrency value, which is central to the project's agreement.
• D. While an incremental approach with an MVP is useful, the problem specifies adjusting scope per iteration based on value and halting at a price, making an iterative approach focused on highest value epics more fitting for continuous adjustment and financial constraint management.

Concept tested. Agile contracting and scope flexibility

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