Which statement explains the setting of the cost tolerance for a project in an agile context?
Which statement explains the setting of the cost tolerance for a project in an agile context?
In an agile context, particularly within the framework of PRINCE2 Agile, cost tolerance is fixed. This means that there is no flexibility allowed for deviations from the budgeted cost. Cost tolerance is rigidly maintained to ensure that the project's financial constraints are adhered to without deviation.
Correct answer is D. This is Prince2 Agile (Not Prince2) , look at Hexagon. Cost is zero tolerance - Fixed
This must be corrected. Cost and time tolerance is fixed. This are the very basics of PRINCE2 Agile. If you have this wrong, then really open your book and start learning instead of taking the exam.
B. Cost tolerance can be fixed or flexed. In an Agile context, the setting of the cost tolerance for a project can be fixed or flexed, depending on the specific circumstances of the project. Agile methodologies, such as Scrum, emphasize the importance of flexibility and responding to change, and this is reflected in the concept of cost tolerance. Cost tolerance refers to the amount of deviation from the planned budget that can be tolerated without requiring a change to the project baseline.
Tricky , if for prince 2 it is fixed
who on earth corrected these relies !!! it is D ! as clear as the sun