Project Management Professional Practice Question

The correct answer is a Hybrid approach. This situation presents conflicting demands: the need for upfront planning and a fixed scope (favoring a predictive/Waterfall model) and the need for flexibility and iteration for a high-uncertainty component (favoring an Agile model). A Hybrid methodology is the most suitable as it allows the project manager to use a predictive approach for the well-understood parts of the project while applying an adaptive, iterative approach to the new technology component. This balances the sponsor's need for control and planning with the technical team's need for flexibility, effectively managing the project's unique risks. A purely Agile approach would not satisfy the sponsor's requirement for detailed upfront planning, while a purely Waterfall approach would not adequately handle the uncertainty and necessary adjustments for the new technology. While PRINCE2 is adaptable, 'Hybrid' more accurately describes the strategy of blending two distinct methodologies to fit the project's specific context.