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An organization is about to start a multiphased project. Due to strict regulations, some of the phases must be completely planned in advance. However, other phases allow for more flexibility and experimentation on scope and schedule. The sponsor wants to pursue the project objectives as planned, but also wants to accommodate new information and changes as the project progresses. Which project management approach should the project manager select for this project?
Correct Answer: A
The Hybrid approach is suitable for projects that require both a structured plan and the flexibility to adapt to changes as the project progresses. This approach combines elements of both traditional (predictive) and Agile (adaptive) methodologies. For the phases that must be completely planned in advance due to strict regulations, the traditional project management practices can be applied. For other phases that allow more flexibility, Agile practices can be incorporated to accommodate new information and changes. This ensures that while the project adheres to necessary regulations, it also remains responsive to evolving project requirements. References: = The information aligns with the principles outlined by the Project Management Institute (PMI) regarding hybrid project management approaches, which advocate for the integration of both predictive and adaptive project management practices to suit the varying needs of different project phases1234.