Exam PMP topic 1 question 189 discussion

sorry typo Answer is B. key words “ will be delivered when fixed price reached” . it means single delivery. “scope adjusted every iteration” means activities repeated until correct. This reflects “Reliability of the solution” not the speed to deliver the solution”. so its iterative approach

I choose B

B. An iterative approach starting with the highest value epic.

D makes sense

Because we need to release in each iteration base on the cryptocurrency price. so B is correct

Iterative - > Overall solution, then refine areas that need improvement, project might be halted before overall solution can be produced. Incremental -> Building and releasing one usable feature at a time, even when project is halted at any point, client has a workable product.

The project manager should use **an incremental approach with a minimum viable product (MVP)** (Option D). This approach allows the team to deliver value early and often, with each increment adding to the functionality of the product. Given the volatility of cryptocurrency, this approach allows for flexibility in adjusting the scope based on the value of the cryptocurrency at the end of each iteration. It also ensures that the project can be halted when the agreed price is reached, while still delivering a functional product to the client. This approach aligns well with Agile principles, which emphasize customer satisfaction through continuous delivery of valuable software.

Given the unique situation where the scope is adjusted based on the value of the cryptocurrency at the end of every iteration, the best approach would involve delivering maximum value as early as possible, ensuring that the client gets the most essential features before the agreed price is reached.

D, since B may give you a huge nice Epic, concluded in an incomplete project. Let's think: The project: Online store The Epic: Make all the pages for Create, Read, Delete and Update products in the store and the user panel to add items on the cart and pay. 2% of the total price payed will be cash-backed in points to give the users discounts Story that is not in the epic: Login system with "I forgot my password" It seems stupid to put it like that but we should first point to the MVP and then think of adding epics that may be so big that may consume the whole budget

As the delivery is based on volatility of crypto, the best part is to pick story which will give high value for customer and release until the agreed value of cryptocurrency is reached. This is actually WIN WIN situation for both parties.

D They will halt (stop) the project when price is reached and not deliver when price is reached. Definitely the answer is D

An iterative approach is useful if the focus is on the correctness of the solution. The team might run out of budget without being able to achieve any working results. Whereas, an incremental approach promotes providing value to the customer as early as possible. If we combine it with MVP, the chances of getting something valuable & working before the budget runs out are higher.

B. An iterative approach starting with the highest value epic

Answer is A. key words “ will be delivered when fixed price reached” . it means single delivery. “scope adjusted every iteration” means activities repeated until correct. This reflects “Reliability of the solution” not the speed to deliver the solution”. so its iterative apprach.

"adjust the scope to the value of the cryptocurrency" which mean once the financial budget value is finished "halt the project when the agreed price is reached". It should not be Iterative approach which is referring to perfection and only has a single delivery. if we use iterative approach, there may not have any working solution once the budget is finished.. It should be 'incremental' and MVP, giving working solution at the end of each iteration until the budget is exhausted. so I select D it is

Choose D as Option B suggests starting with the highest value epic, which may not be appropriate in this situation as the scope needs to be adjusted based on the value of cryptocurrency at the end of each iteration. It may be difficult to determine the value of each epic at the end of each iteration, and it could result in the project being halted prematurely or scope creep. Therefore, a more flexible approach, such as option A or D, may be more appropriate

Any Agile Project , irrespective of the Contract or any financial binding will always go for delivering the highest value items first So option B