A project manager has been assigned with initiating a large project to deliver complex equipment...

A hybrid approach is a combination of predictive and adaptive (or agile) approaches. It is suitable for projects that have some aspects that are well-defined and stable, and some aspects that are uncertain and dynamic. In this case, the project manager can use a predictive approach for the research process, which has a clear scope and deliverables, and an adaptive approach for the incremental delivery of the complex equipment, which may require frequent feedback and changes from the customer. References:

PMBOK Guide 6th Edition, page 19, section 1.2.3.1

PMP Exam Prep, page 8, section 1.3.2

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