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

Which of the following best describes a successful product release?

Options :

A : Stakeholder requirements are met in the entirety.

B : All of the above.

C : Product delivery is completed within the deadline and does not exceed the planned budget.

D : Customer/user experience is improved and they are receiving more value.

Answer: D

Question 3

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 4

Which of the following strategies might help in improving your team's Time to Market?

Options :

A : Ensure everyone on the team has no scheduling issues in order to maximize their utilization.

B : Increase the amount of time spent per day working on a product by planning offshore work to "Follow the Clock”.

C : Increase the velocity of your team by adding developers.

D : Eliminate the need to wait for experts by improving the cross-functional skills of the team members.

Answer: D

Question 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? (choose the best answer)

Options :

A : Deem the new feature unsuccessful and proceed to implement the next feature.

B : Devise a new experiment to learn whether usability issues are causing the problem.

C : Enlarge the sample size by extending the length of the original experiment.

Answer: B

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