Project Management Professional (version 2023)

Question 104 of 200

Review

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?

Change to an agile model, focusing primarily on the incremental life cycle, leaving the iterative approach as a next step

Propose a hybrid approach, leveraging the benefits of an agile approach while respecting some aspects of the company's industry

Migrate to an agile model, focusing primarily on an iterative approach, leaving the incremental life cycle as a next step

Maintain a predictive approach, but increase the focus on better planning and tracking to anticipate problems and avoid delays

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