Question 1

At the beginning of each year, an organization has an annual meeting to propose and approve projects for the upcoming year. Managers will typically follow the process of:

a) Presenting ideas of the projects

b) Defining the benefits

c) Producing the estimations

d) Giving the benefit/cost ratios

A set budget is then approved for each project based on the expected returns. What are the risks of this process? (choose the best answer)

Options :

A : All of the above.

B : Technical work estimations are not accurate because managers are not the best ones to give development estimations.

C : Investment decisions could be poor if claimed benefits are overstated.

D : New opportunities might be missed during the year.

E : Cost estimations are not accurate because the scope might not be clear.

Answer: A

Question 2

An excellent strategic goal has what minimum essential characteristics?

Options :

A : Measurable metrics can be applied to the achievement of the goal.

B : The goal is actionable.

C : A time frame commitment to the target completion date of the goal.

D : The goal is clear about the specific needs it is trying to satisfy in order to meet the goal.

E : The goal is achievable and realistic.

Answer: A,D

Question 3

Your product release cycle is shorter than any of your competitors. However, measures in customer satisfaction still remain low as most of your releases only contain only minor updates or fixes to previously released features.

In order to boost your product's competitiveness, which two KVAs should you evaluate? (choose the best two answers)

Options :

A : Current Value

B : Ability to Innovate

C : Unrealized Value

D : Time to Market

Answer: B,C

Question 4

Product A is the main driver of both revenue and profit for your company; it has very happy customers (high Current Value) and low Unrealized Value. Product B is relatively new; it has low Current Value and high Unrealized Value. Both Product Owners of the two products are requesting significant additional funding to improve their products. What do you do?

Options :

A : Invest funding in Product A, because your company’s success depends on its continued success.

B : Split funding equally between both products.

C : Invest funding in Product B, because it has more future potential for the company.

D : Split funding proportionally based on product revenues.

Answer: C

Question 5

An experiment will help you to:

Options :

A : validate or reject a hypothesis.

B : understand how users use the product.

C : create reliable estimations.

D : create a work plan for a product release.

Answer: A

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