What proactive approach must a project manager take to adapt the project scope effectively in the face of evolving market trends and regulatory demands?
Limit the review of the business environment to the project planning phase
Wait for changes to crystallize before considering their impact on the project, in order to steward resources properly
Institute an environmental scanning process to identify relevant trends and regulatory changes
Maintaining an ongoing environmental scanning process enables the project manager to detect and understand the implications of shifting market trends and regulatory demands. By continuously reviewing the external business environment, the project manager can anticipate changes and make informed decisions about necessary adaptations to the project scope or backlog, thereby ensuring the project remains aligned with external realities.
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