Project Management Professional (PMP) — Question 449

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?

Answer options

• A. A minimum viable product (MVP) should have been released to get feedback from the market.
• B. More backlog refinement 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

Explanation

The correct answer is A because releasing a minimum viable product (MVP) allows for early market feedback, identifying competitive threats and adjusting strategy accordingly. Options B, C, and D focus on internal processes rather than engaging with the market, which would not directly address the issue of competitor actions.