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| Section | Objectives |
|---|---|
| Scrum Theory and Empiricism | - Scrum pillars: transparency, inspection, adaptation - Empirical process control in product management |
| Evidence-Based Management (EBM) | - Using metrics to improve product outcomes - Key value areas (Current Value, Time-to-Market, Ability to Innovate, Unrealized Value) |
| Product Backlog Management | - Forecasting and release planning - Ordering and refinement of backlog items |
| Product Value Maximization | - Measuring and optimizing value delivery - Value-driven product decisions |
| Product Strategy and Stakeholders | - Stakeholder management and collaboration - Product vision and strategy alignment |
The Product Owner role:
(choose the best three answers)
Correct Answer: A,D,E 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
You are a Product Owner for an organization that develops and builds products for clients. A potential client insists on having a fixed-date, fixed-scope, fixed-budget project. How would you respond?
What is one advantage and one disadvantage of running projects that have a fixed date, scope, and budget?
Correct Answer:
Response for fixed-date, fixed-scope, and fixed-budget:
1. Learn and understand why the date, scope, and budget is fixed
2. Help the stakeholders understand that there are levels of uncertainty when working on complex adaptive problems. For example, the cone of uncertainty
3. When expectations are clear and everyone is on the same page, collaboratively come up with different options. For example, funding releases or Sprints in order to manage expectations One advantage of a fixed date, scope, and budget:
The date, scope, and budget constraints are known upfront
One disadvantage of a fixed date, scope, and budget:
Flexibility and agility is reduced and the risk of building something users don't want increases
For this answer, it is explored the differences between traditional and agile product development, observe that is important to describe advantages and disadvantages for the traditional format as it also can create value, and remember, there is no silver-bullet for a product development, neither traditional or agile, the main gain is that an agile approach support rapid adaptation and better team collaboration
True or False: The ordering of the Product Backlog should NOT be influenced by software dependencies.
Correct Answer: B 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
True or False: Any planned work to be done by the Scrum Team for the product must come from the Product Backlog.
Correct Answer: A 🗳️
As a Product Owner, what might you take into consideration when determining where an item belongs in the Product Backlog?
(choose all that apply)
Correct Answer: B,C,D,E 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
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