A company has started developing a new product. During execution the project team notices that another competitor has launched a product with very similar functionalities and a cheaper market price. What should have been done differently to avoid this scenario?

Questions › Category: PMP › A company has started developing a new product. During execution the project team notices that another competitor has launched a product with very similar functionalities and a cheaper market price. What should have been done differently to avoid this scenario?

0 Vote Up Vote Down

Admin Staff asked 1 year ago

A company has started developing a new product. During execution the project team notices that another competitor has launched a product with very similar functionalities and a cheaper market price.
What should have been done differently to avoid this scenario?

A. A minimum viable product (MVP) should have been released to get feedback from the market.

B. More backlog re nement meetings should have been scheduled.

C. The Kanban method should have been utilized to optimize the work in progress (WIP).

D. An iterative life cycle approach should have been adopted.










Correct Answer: A

This question is in PMP exam
For getting PMP Certificate