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NEW QUESTION # 28
During a project review, which of the following would be the best indicator of how the project outputs are progressing?
Answer: D
Explanation:
Detailed Explanation:
* Earned Value:This is a key performance indicator (KPI) in project management that integrates cost, scope, and schedule. It provides a clear view of how much progress has been made against the work planned and money spent.
* Unsuitable Options:
* B: Benefits realization assesses post-project success, not ongoing progress.
* C: Resource management is unrelated to deliverables progress.
* D: Budget tracking only measures financial health without linking to project outputs.
NEW QUESTION # 29
A financial services company is launching a new banking product for which the sponsors have set a challenging timeline for an initial launch. The stakeholders have provided a list of conflicting requirements to be included in the new product design and build.
The project manager has decided to deliver the project in an iterative life cycle due to the time constraints.
Answer:
Explanation:
See the Explanation for both solutions in detail:
Explanation:
Part A:State two reasons why an iterative approach would benefit solutions development in this scenario.
* Faster delivery of prioritized features.
* Flexibility to adapt to evolving stakeholder requirements.
Part B:Explain three requirement prioritization approaches the project team could focus on to meet the deadline in this scenario.
* MoSCoW Method:Categorizes requirements as "Must Have," "Should Have," "Could Have," and
"Won't Have," focusing on essential features.
* Cost-Benefit Analysis:Focuses on implementing high-value, low-cost features first.
* Value-Risk Matrix:Balances high-value requirements with low risk to ensure a feasible and impactful scope.
Detailed Explanation:
NEW QUESTION # 30 
Answer:
Explanation:
Explanation:
Directive
Democratic
Detailed Explanation:
* Directive Leadership:In crises requiring urgent attention, a directive approach ensures quick decision- making and compliance. It allows the leader to control processes to restore stability effectively.
NEW QUESTION # 31
PESTLE is a technique that can be used to determine factors that may impact or influence a project's business case. What does the letter "S" in PESTLE represent?
Answer: B
Explanation:
Detailed Explanation:
* Sociological Factors:Include societal norms, demographics, and cultural aspects that influence project success.
* PESTLE Context:Addresses Political, Economic, Sociological, Technological, Legal, and Environmental factors.
NEW QUESTION # 32
You are the project manager on a construction project for a client in the defence sector. The client has strict regulatory requirements and expects a high level of control and governance throughout the project. Which life cycle would be most suitable?
Answer: A
Explanation:
Detailed Explanation:TheLinear(or Waterfall) lifecycle is the most suitable for projects that require high levels of governance, control, and strict adherence to regulatory requirements.
* Applicability:Linear project management focuses on predefined stages (e.g., requirements, design, implementation) that align with regulatory needs.
* Advantages:It allows detailed documentation, structured review processes, and adherence to pre- approved plans, ensuring compliance with defence sector standards.
* Alternative Options:Iterative and incremental approaches are less appropriate due to the less structured nature of deliverable evolution in these methods.
NEW QUESTION # 33
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