Project Management Lifecycle Approaches

The LMN company is managing an extensive IT server upgrade required to improve the overall efficiency of its corporate network. Management is not concerned with the number of deliveries. They want all objectives to improve speed and reduce resources by the end of the project. However, the technological part of the project is complex, and the team believes they may need to use trial and error to build, test, and potentially modify the server before the next project phase. Which project management lifecycle approach best suits the LMN company project description?

• Iterative approach

• Incremental approach

• Predictive approach

• Agile approach

The ABC Company needs to develop a new business application to manage employee workload and assignments. The project manager will develop this application internally. There is a high level of debate about what the end goal should look like. The customer has requested frequent deliveries. In addition, numerous change requests will probably occur while the team develops the project. Which project management lifecycle approach best suits the ABC company project description?

• Agile approach

• Iterative approach

• Incremental approach

• Predictive approach

The XYZ company is implementing a project to improve its accounts receivable process. The objectives are well defined. All stakeholders agree that a single delivery of the final process and narrative at the end of the project will suffice. There are a few predictive technical challenges, but the thought is that the project objectives will undergo minimum change. Which project management lifecycle approach best suits the XYZ company project description?

• Agile approach

• Iterative approach

• Predictive approach

• Incremental approach

The DEF company is developing a new product requested by a key customer. The product specifications are straightforward. There is a low probability that the customer will change them. The customer has asked for project deliverables to be broken into phases to review the final design before development and analyze a prototype before total production is authorized. The customer wants a set testing period before the final launch. Which project management lifecycle approach best suits the DEF company project description?

• Iterative approach

• Agile approach

• Predictive approach

• Incremental approach

The team is classifying various project management models as either adaptive or predictive. Which of the following models would most closely meet the definition of adaptive?

• Waterfall

• Critical path

• Critical chain

• Kanban

Ralph Stacey developed a method to objectively determine the type of lifecycle to apply to a project. Which of the following two answers are parameters Stacey recommends in making this decision?

• Risk exposure

• Requirements uncertainty

• Personnel capacity

• Technical degree of uncertainty

A project sponsor wants to establish an agile methodology to manage certain projects. Which of the following two key roles are essential to the success of this initiative?

• Project manager

• Program manager

• Scrum master

• Product owner

A customer requests frequent deliveries during an inventory management upgrade project. Likely, the degree of change impacting the project is low. Which of the following is the best lifecycle choice for this scenario?

• Incremental

• Agile

• Iterative

• Predictive

Another project's customer requests a high degree of deliveries. However, the team anticipates the degree of change to be high as well. Which of the following is the best lifecycle choice for this scenario?

• Iterative

• Predictive

• Incremental

• Agile

A project manager is overseeing a project and decides to use a Define, Measure, Analyze, Improve, and Control Model. Which of the following types of project is manager overseeing?

• Lean

• Waterfall

• Six Sigma

• Agile