CAPM Practice Exam Question

A project manager is working on a project in a rapidly changing market environment where requirements are expected to evolve during the project lifecycle. Which project management approach should the project manager consider to effectively manage this project?

A) Predictive Plan-Based Approach

B) Adaptive (Agile) Approach

C) Waterfall Model

D) Critical Path Method

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Correct Answer: B) Adaptive (Agile) Approach

Explanation:

The Adaptive (Agile) Approach is most suitable for projects in rapidly changing environments where flexibility and responsiveness to changes are critical. Agile methodologies allow for iterative development, continuous customer feedback, and the ability to adapt to changing requirements, making it the ideal choice for projects where the scope is expected to evolve.

Why the Other Options Are Not the Best Answers:

A) Predictive Plan-Based Approach: This approach works best for projects with well-defined requirements that are unlikely to change significantly. It involves extensive upfront planning and follows a sequential process, which makes it less flexible in responding to changes.

C) Waterfall Model: Similar to the Predictive Plan-Based Approach, the Waterfall Model is a linear and sequential approach where each phase must be completed before the next begins. It is not suitable for projects where requirements are expected to change frequently due to its lack of flexibility.

D) Critical Path Method: While the Critical Path Method is a valuable tool for project scheduling and management, it does not specifically address the need for adaptability in changing project environments. It is more focused on determining the longest stretch of dependent activities and measuring the time required to complete a project.

The Adaptive (Agile) Approach (Option B) is the most appropriate for managing projects in rapidly changing environments due to its flexibility, iterative nature, and focus on customer collaboration and responsiveness to change.