Question 1
Q1A financial services firm is launching a new, highly regulated trading application. The project requirements are fully defined, documented, and have received regulatory pre-approval, leaving no room for changes. The project has a fixed deadline and budget. The development team must follow a structured, phase-by-phase process from design to deployment.
Which project management methodology is most suitable for this scenario?
Show answer & explanation
Correct answer: B
The Waterfall methodology is the most appropriate choice. This model is sequential and requires that each phase (requirements, design, implementation, testing) be fully completed before the next begins. It is ideal for projects where requirements are well-understood, fixed, and unlikely to change, which is the case here due to regulatory pre-approval. Scrum and Kanban are Agile methodologies that are better suited for projects with evolving requirements.