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| Section | Objectives |
|---|---|
| Topic 1: Evidence-Based Management (EBM) | - Key value areas (Current Value, Time-to-Market, Ability to Innovate, Unrealized Value) - Using metrics to improve product outcomes |
| Topic 2: Product Value Maximization | - Value-driven product decisions - Measuring and optimizing value delivery |
| Topic 3: Product Backlog Management | - Ordering and refinement of backlog items - Forecasting and release planning |
| Topic 4: Scrum Theory and Empiricism | - Scrum pillars: transparency, inspection, adaptation - Empirical process control in product management |
| Topic 5: Product Strategy and Stakeholders | - Stakeholder management and collaboration - Product vision and strategy alignment |
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NEW QUESTION # 56
As a Product Owner, how would you track innovation?
What steps can you take to produce more innovation over each Sprint?
Answer:
Explanation:
A Product Owner can track innovation using the Innovation Rate KVM as defined under the Ability to Innovate EBM. There are various measures that can be tracked such as Feature Usage Index, Innovation Rate, Technical Debt, Defect trends, etc. This can provide insights into the organization's ability to deliver new product capabilities.
Here are 2 steps a Product Owner could take to achieve more innovation for each Sprint:
Each Sprint has a cost. A cost in time and budget.
1. Measure the number of items that are related to innovation in the Sprint Backlog in order to create an Innovation Trend. This diagram gives us an overview of the percentage of budget spent on innovation versus the budget spent on maintenance and enhancements of already delivered features.
2. Reducing or managing technical debt will help to improve the quality of the product which results in a higher innovation rate by an increased budget percentage on innovation.
For this answer, it is important that you answer based on your experience and understanding. A strong suggestion is that you use elements to sustain your answer and in this case, it is used the EBM (Evidence-Based Management) guide and its Key Value Areas
NEW QUESTION # 57
As a Product Owner, which of the following would help you minimize waste in managing the Product Backlog?
(choose the best two answers)
Answer: B,D
NEW QUESTION # 58
As a Product Owner, why would it be important to have agility?
In what ways can a Product Owner influence agility?
Answer:
Explanation:
As the value maximizer, the Product Owner is responsible for harnessing the change needed to give customers and the business a competitive advantage. When working on complex problems in complex environments, it is essential that the Product Owner is able to effectively adapt the product to maximize the value that the product delivers at any point in time.
Three examples of how a Product Owner can influence agility:
1. Releasing frequently in order to reduce the feedback loop length and obtain feedback earlier
2. Managing user and stakeholder expectations by working closely with them and the Scrum Team and ensuring the Product Backlog is transparent and updated with the most up-to-date insights
3. Being able to make rapid decisions to optimize the flow of value. For example, a Product Owner should have an expert opinion on all items in the Product Backlog so that he/she can make decisions quickly
For this answer, please use your own experience and understanding for this answer as there is no single answer for the importance of agility, however, observe to use the Scrum guide vocabulary as value, complex product work, describe the roles and mechanism of Scrum being an agile framework to drive agility.
NEW QUESTION # 59
Which is an appropriate response if there are unfinished items in the Sprint Backlog by the end of the Sprint time-box?
(choose the best answer)
Answer: B
Explanation:
Scrum Guide
Work cannot be considered part of an Increment unless it meets the Definition of Done.
If a Product Backlog item does not meet the Definition of Done, it cannot be released or even presented at the Sprint Review. Instead, it returns to the Product Backlog for future consideration.
NEW QUESTION # 60
What are different techniques that can be used to form a product vision that will create a shared understanding of success?
Describe these practices and their purpose.
Answer:
Explanation:
A Business Model Canvas is a technique that helps to visualize business models. An organization's business model can be described with 9 basic building blocks.
Product Box is also an appropriate technique to create the vision, share it with the Scrum Team and stakeholders.
This technique involves a number of stakeholders from across the organization, including users.
- It helps prioritize functionalities and requirements, and reach a consensus on the most important benefits and features offered
- Because it is a customer-oriented technique, it gives the team the opportunity to learn what the users want from the product
For this answer, observe that techniques and examples that go beyond the Scrum guide is described in order to sustain the answer, in case you have experience with specific techniques, use them.
NEW QUESTION # 61
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