The financial institution that Andrei works for is undertaking the launch of a whole new online banking platform. It’s a monumental effort for the small bank, and Andrei believes they may benefit from tailoring their approach through restructuring the large project into a series of smaller ones, and reducing what begins as a very large 40-member team down to a smaller team of critical core members. Which project life cycle approach is Andrei taking to managing this project?
A: Predictive Life Cycle
B: Iterative Life Cycle
C: Agile Life Cycle
D: Incremental Life Cycle
Knowledge Area:
Agile Project Management
Source: ThorTeaches.com PMP practice tests
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C:
Agile Life Cycle is correct. It is an approach that is both iterative and incremental to refine work items and deliver frequently. One of the tailoring guidelines within the agile approach when you have very large project temas involves restructuring large projects as multiple smaller projects. Considering reducing the team down to its critical core members may help because quite often, too many people hinder a process, not help it. Reducing a team size can reduce churn as well as costs.
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