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| Section | Objectives |
|---|---|
| Topic 1: Key Value Areas (KVAs) | - Ability to Innovate - Unrealized Value - Time to Market - Current Value |
| Topic 2: Improving Organizational Effectiveness | - Outcome-driven improvement strategies - Reducing waste and improving flow efficiency |
| Topic 3: Evidence-Based Management Foundations | - Empiricism in product and organizational decision-making - Transparency, inspection, and adaptation principles |
| Topic 4: Measuring Outcomes and Value | - Value-based metrics and flow metrics - Using evidence for decision-making |
1. Halfway through the year, you suddenly discover a new market opportunity. You are the first to recognize this market opportunity and evaluated that it has greater potential than any of your current investments.
Your organization approves the budget for you to pursue it further but all of the developers are busy working on existing projects.
Which of the following would be the best response?
Response:
A) Work with HR to hire contractors to create a new team to work on the new opportunity.
B) Work with the existing teams to allocate part of their time to work on the new opportunity.
C) Begin procedures to hire an outsourcing development company to work on the new opportunity.
D) Stop investments in existing work that has not displayed little or no value to free up capacity to explore the new market opportunity.
2. What are two key elements to an effective strategic goal?
(choose the best two answers)
Response:
A) It,s realistic.
B) It,s measurable.
C) It,s specific.
D) It,s time-boxed.
E) It,s actionable.
3. Your department has several teams working on different products at the same time. Which of the following would be the best approach if managers want to understand the status of each team?
Response:
A) Have a common status reporting tool that each team will fill out and can be shared with the managers.
B) Have the teams created a comprehensive project plan and track their work against the plan.
C) Have the teams standardize their estimation practices across all teams to make it easier to compare the performance of each team.
D) Ask the teams to collaborate and develop a common way to share their goals and achievements toward their goals for each planning period.
4. Two products serving the same set of users have a different level of funding. Product B has a budget of X. Product A has a budget of 2X. True or False: Product A is more likely to create more value to customers than Product B.
Response:
A) False. Less funding will help the team better focus on the primary needs of the customers and reduce waste from creating features that deliver no value.
B) True. More funding can help you deliver more features to cover a broader set of customer needs.
C) False. Customer experience is the primary measure of value.
5. Over a million customers use ABC company's product. ABC recently implemented and released a particular feature that they believed would be widely adopted by the users.
After gathering enough data from the test, it is concluded that the feature functions as intended however the usage rate was surprisingly low. What should ABC do?
Response:
A) Enlarge the sample size by extending the length of the original experiment.
B) Deem the new feature unsuccessful and proceed to implement the next feature.
C) Devise a new experiment to learn whether usability issues are causing the problem.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |
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