You receive a frantic phone call from your vice president who says she is going to meet with a prospective client in 15 minutes to discuss a large and complex project. She asks you how much the project will cost. You quickly think of some similar past projects, factor in a few unknowns, and give her a number. What type of estimate did you just provide?

Which of the following statement are correct regarding managing stakeholders except:

The project manager completed the release planning and is midway through a sprint when an opportunity is identified by the product owner. The product owner has asked the project manager to do everything possible to exploit the opportunity. There is a high probability that this could result in a significant cost savings to the company and the project.
What should the project manager do?

As project manager, you need a relatively fast and informal method addressing disagreements with contractors. One such method is to submit the issue in question to an impartial third party for resolution. This process is known as______________

A retail company identifies that it is losing sales because customers are not promptly informed about promotions and sales points. The company needs to react quickly. A project charter is created along with requests to develop a mobile application for the customer. The marketing department has a long list of features to add to the application, but there are no specifications.
Considering the objective to deploy customer value, which project life cycle approach should be chosen?