A product company is transforming the way it develops and re

A product company is transforming the way it develops and re - PMP Prep

Question

A product company is transforming the way it develops and releases products in the market. Executives believe that this is a high-risk initiative, and this initiative must be successful.

What should the project manager do in this scenario?

Answers

Develop a detailed sprint plan with clear deliverables.
Develop a business case with assumptions for the new model.
correct

Adopt an iterative rollout approach that delivers the highest business value earlier.
Develop a communications management plan to inform the employees about the new business model.

Explanation

The correct answer is: Adopt an iterative rollout approach that delivers the highest business value earlier.

In high-risk initiatives, adopting an iterative approach allows the company to release parts of the product incrementally, delivering value early while gaining feedback for continuous improvement. This minimizes risks by identifying potential issues early and adjusting the approach based on real-world data. It also ensures that the highest business value is prioritized, improving chances of success.

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