You are assigned as the project manager for a project that has clear objectives, well-understood requirements, and a fixed budget and timeline. The project scope is unlikely to change, and stakeholders have agreed on the deliverables. Which project management methodology is most suitable for managing this project?
Employ a flexible, change-driven approach.
Use a traditional waterfall methodology.
Implement a hybrid approach combining predictive and adaptive techniques.
Adopt an agile methodology focused on iterative development.
A traditional waterfall methodology is most suitable in this scenario because it is a predictive, plan-based approach that works best when project requirements are well-defined and unlikely to change. This methodology allows for detailed planning upfront and sequential execution of project phases, which aligns with the fixed scope, budget, and timeline. An agile methodology is better suited for projects with evolving requirements and a need for flexibility. A hybrid approach is used when some project elements are stable and others are uncertain, which doesn't fit the project's characteristics. A flexible, change-driven approach is unnecessary when requirements are well-understood and stable.
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Predictive, Plan-Based Methodologies
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