Guide: Adaptive Planning

What is Adaptive Planning?
Adaptive planning is an approach to project management that emphasizes the ability to adapt to changes throughout the project lifecycle. It encourages flexibility and swift response to unpredicted changes by maintaining a flexible, collaborative, and iterative approach to planning.

Why is Adaptive Planning Important?
It allows teams to adjust quickly to shifts in project requirements, customer needs, market dynamics, and organisational objectives. Since the planning is done in small increments, it also helps in reducing the risks associated with comprehensive long-term planning.

How It Works
Adaptive Planning requires frequent revision and update of project plans. The process begins with building a high-level plan and then breaking it down into smaller parts. These small sections are reviewed and updated regularly in response to changes.

Answering Questions on Adaptive Planning in an Exam
While answering questions on this topic in an exam, first define Adaptive Planning, explain its importance, and then talk about how it works. Include real-life examples to illustrate your point. Remember to focus on its flexibility, responsive nature, continious collaboration, and iterative planning. Correlate these features to its advantages such as risk minimisation and enhanced customer satisfaction.

Exam Tips
1. Understand the fundamentals of Adaptive Planning before moving to complex concepts.
2. Memorize key definitions and their applications.
3. Use industry examples to demonstrate your understanding.
4. Practice with previous years' questions or sample practice questions.
5. Focus on writing clear, concise answers.