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| Section | Objectives |
|---|---|
| Topic 1: Key Value Areas | - Time to Market
|
| Topic 2: Hypothesis-Driven Improvement | - Experiment Design
|
| Topic 3: Leadership and Organizational Agility | - Metrics and Transparency
|
| Topic 4: Understanding Evidence-Based Management | - Strategic Goal Measurement
|
1. A product improvement experiment is more effective when you know the following:
Response:
A) How success will be measured.
B) All of the above.
C) The experiment,s target audience.
D) The customer satisfaction gap that the experiment is targeting.
E) What will be done to reduce the customer satisfaction gap that the experiment is targeting.
2. A Product Owner at ABC company has various types of stakeholders that provide feedback and ideas for the product. At times they have ideas that run counter to one another. At a recent meeting, the Sales Manager insists that a new feature be added in order to reach untapped new customers.
The CFO contends that this new feature is not cost-effective and suggests focusing on other features to improve the satisfaction of existing customers. The PO sees merit in both stakeholder perspectives.
How should the PO proceed?
Response:
A) Gather the opinions of all stakeholders, then make a decision on which request to pursue based on this information.
B) Implement the CFO,s request to prevent customer churn.
C) Agree with the Sales Manager,s proposal by implementing the requested features as it will help to boost the sales team,s revenue.
D) Implement a small part of the Sales Manager,s proposal in order to gather more information to better understand its potential.
3. What can executives do to help their organization make effective portfolio investment decisions?
(choose the best answer)
Response:
A) All of the above.
B) Create organizational goals that are clear and measurable.
C) Define the initiatives that the organization should pursue.
D) Carefully plan the initiatives to maximize team efficiency.
E) None of the above.
4. How can organizations benefit from creating and running experiments?
Response:
A) Experiments can help organizations validate assumptions.
B) All of the above.
C) Experiments can help organizations test how effective an improvement is.
D) Experiments can help organizations determine the feasibility of a goal.
E) Experiments can help organizations test whether features are delivering value.
F) None of the above.
5. Creating a culture of continuous improvement puts organizations on the path to competitive advantage.
Response:
A) FALSE
B) TRUE
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B |
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