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APM Exam APM-PMQ Topic 3 Question 2 Discussion

Actual exam question for APM's APM-PMQ exam
Question #: 2
Topic #: 3
[All APM-PMQ Questions]

SIMULATION

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.

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Suggested Answer: A

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.

Iterative approaches allow for incremental delivery and continuous stakeholder feedback, which is essential for resolving conflicting requirements within tight timelines. Prioritization techniques ensure limited resources are used effectively.


by Vallie at Jan 15, 2025, 10:21 PM

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Amie
19 days ago
Iterative life cycle, huh? Sounds like they're playing a game of 'Whose Idea Is It Anyway?' with a side of 'Let's See What Sticks.'
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Margot
11 days ago
Yeah, it's like a trial and error approach to see what works best within the given timeline. Hopefully, it leads to a successful launch.
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Mitsue
12 days ago
It's definitely a challenging situation, but I think breaking it down into smaller iterations could help prioritize the conflicting requirements.
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Stephane
1 months ago
I think delivering the project in an iterative life cycle is a good idea given the time constraints.
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Bettina
1 months ago
Yeah, the conflicting requirements must be tough to handle.
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Kaitlyn
2 months ago
Launching a new banking product with a challenging timeline? I bet the project manager is feeling as stressed as a squirrel trying to bury nuts in a traffic jam.
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Stephane
2 months ago
I heard about the new banking product launch. It sounds challenging.
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Elvera
2 months ago
Conflicting requirements and a tight timeline? I'm picturing this project like a game of Jenga - one wrong move and the whole thing comes crashing down.
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Leanora
2 months ago
Iterative life cycle? Sounds like a recipe for a hot mess to me. Better hope they have a rabbit's foot and a four-leaf clover on their side.
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Huey
15 days ago
Let's hope they can pull it off successfully.
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Gaston
20 days ago
I agree, it's definitely a challenging situation.
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Elli
28 days ago
It's risky, but sometimes you have to work with what you've got.
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