QUESTION NO: 1
A new person has joined the Scrum Team. He will be the Product Owner, however, he is new to the role.
What can he do to increase his knowledge and influence of the business to become an effective Product Owner?
A new person has joined the Scrum Team. He will be the Product Owner, however, he is new to the role.
What can he do to increase his knowledge and influence of the business to become an effective Product Owner?
Correct Answer:
Work closely with the Scrum Team and stakeholders to better understand the product and its history. Work with the Scrum Master to understand the accountabilities of a Product Owner, Scrum Master, and Developers, learn how Scrum works and what steps he can take to increase his influence on the product and in the business
For this answer, it is based on a real scenario, if you ever had such experience, describe it and observe that the wordings are important such as accountabilities, product, business, Scrum Team, etc.
For this answer, it is based on a real scenario, if you ever had such experience, describe it and observe that the wordings are important such as accountabilities, product, business, Scrum Team, etc.
QUESTION NO: 2
What is the role of the Product Owner in creating the Sprint Goal?
(choose ALL best answers)
What is the role of the Product Owner in creating the Sprint Goal?
(choose ALL best answers)
Correct Answer: D
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QUESTION NO: 3
Which of the following best describes the Product Owner?
(choose the best answer)
Which of the following best describes the Product Owner?
(choose the best answer)
Correct Answer: D
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QUESTION NO: 4
As a Product Owner, how would you track innovation?
What steps can you take to produce more innovation over each Sprint?
As a Product Owner, how would you track innovation?
What steps can you take to produce more innovation over each Sprint?
Correct Answer:
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
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
QUESTION NO: 5
Which of the following are true about the Product Owner?
(choose the best answer)
Which of the following are true about the Product Owner?
(choose the best answer)
Correct Answer: A
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QUESTION NO: 6
What are different ways Product value can be depicted?
What are two ways to measure Product value?
Is releasing work the only way to deliver value? Why or why not?
What are different ways Product value can be depicted?
What are two ways to measure Product value?
Is releasing work the only way to deliver value? Why or why not?
Correct Answer:
Two ways of describing Product Value:
1. Customer/user value - these are the benefits the customer/user will receive from the product. Solving customer pain points.
2. Business value - the benefits the business will receive from the product. Revenue, profit, employment, etc.
Two ways to measure product value:
1. Customer Usage Index
2. Product Cost Ratio
When working on complex adaptive problems, the value (affect) of the releases can only be perceived in hindsight. This means that the value the product delivers (internally and externally) is best determined by the market response of the product. Releasing to production will help you gather the most valuable feedback and information needed to help you determine what the current value is, determine the unrealized value, understand the team's ability to innovate, and manage the time to market.
For this question observe that there are 4 questions embedded in it and you required to answer each one. For this answer, it is explained the 2 different types of product value, for customer and business, and we also used EBM (Evidence-Based Management) Key Areas to sustain the value description and the answer
1. Customer/user value - these are the benefits the customer/user will receive from the product. Solving customer pain points.
2. Business value - the benefits the business will receive from the product. Revenue, profit, employment, etc.
Two ways to measure product value:
1. Customer Usage Index
2. Product Cost Ratio
When working on complex adaptive problems, the value (affect) of the releases can only be perceived in hindsight. This means that the value the product delivers (internally and externally) is best determined by the market response of the product. Releasing to production will help you gather the most valuable feedback and information needed to help you determine what the current value is, determine the unrealized value, understand the team's ability to innovate, and manage the time to market.
For this question observe that there are 4 questions embedded in it and you required to answer each one. For this answer, it is explained the 2 different types of product value, for customer and business, and we also used EBM (Evidence-Based Management) Key Areas to sustain the value description and the answer
QUESTION NO: 7
What is the Product Owner accountable for in Sprint 0?
(choose the best answer)
What is the Product Owner accountable for in Sprint 0?
(choose the best answer)
Correct Answer: D
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