Reference no: EM132921424
1.Which aspect of customer-centric financial modeling is often ignored by Product Managers?
ART costs
Product support costs
Total cost of ownership (TCO)
Sales and marketing costs
2.Why are Agile Roadmaps a valuable tool for Product and Solution Managers?
They help analyze product usage data
They determine compliance requirements
They help create the business model canvas
They help balance near-term and long-term planning
3.A Product Manager is preparing for the next PI Planning meeting. What action will help the Product Manager finalize preparations?
Conduct a launch retrospective
Initiate a pricing discount analysis
Use Continuous Exploration to gain insights on Feature priorities
Update sales presentations to prepare for the next release
4.In which value exchange model is the actual price often defined as a percentage of the magnitude of the value created?
Data/digital goods
Service
Transaction
Revenue obtained/cost saved
5.Which factor creates 'intangible' value for a product?
The trust factor among the organization's employees
Past market segmentation
Values driven from leadership and team
Customers who believe in the values of the company
6.What are the key elements of the Solution Intent?
Epics, Features, and Stories
Customer segments and product Vision
Specifications, designs, and tests
Strategic Themes and nonfunctional requirements
7.Which two activities are most likely performed when conducting market research? (Choose two.)
Visit Customers and talk about their problems
Ask people what they would buy
Consult a Solution Architect on creating a sustainable product
Define requirements for the product
Examine Solution options for development
8.What is the most important planning question for primary research?
Who will be asked?
What will be asked?
What research medium will be used?
How many people will be asked?
9.What determines when a Feature is ready to move to the next column in the Program Kanban?
Policies
Definition of ready
Definition of done
Work in process (WIP) limits
10.What is an example of a measurement that can be used to help drive Value Stream innovation and improvements?
Iteration velocity measured on a quarterly basis
Number of customers added during the quarter
Average customer acquisition costs
Percentage of customers activating the product
11.What happens when an Epic benefit hypothesis is proven false?
The Epic is discarded and no more work will be done on that initiative
The Solution Management team determines if work on the Epic will continue
Update the hypothesis and continue working on the Epic
Stop working on the Epic; a new Epic and hypothesis must be created and approved for work to continue
12.Which two criteria must be satisfied before a Feature flows from analysis into the Program Backlog on a Program Kanban? (Choose two.)
The Feature is decomposed into Stories
Teams define the build and test Solution
The Feature is approved by the Product Manager
The Feature is integrated and deployed
The benefit hypothesis and acceptance criteria are defined
13.Which three sources can Product Managers leverage for innovation ideas? (Choose three.)
Code reviews
Strategic Themes
DevOps
The Lean-Agile Center of Excellence
Agile Teams
Suppliers
14.Which three sources can Product Managers leverage for innovation ideas? (Choose three.)
Code reviews
Strategic Themes
DevOps
The Lean-Agile Center of Excellence
Agile Teams
Suppliers
15.When dealing with a complex product, a secondary persona could be best defined as what?
Someone the product is explicitly not going to satisfy
A persona that must be satisfied for the product such that the goals should drive the design process
Another user of the primary interface who can be accommodated as long as the targeted persona's experience is not compromised
The consumer that can heavily influence all other persona types and should be understood to drive the requirements of the product development process
16.How does a portfolio canvas provide business context?
It determines the allocations for investment horizons
It describes how a Solution fits into the overall strategy
It links the ART canvases
It provides a common taxonomy
17.Which three aspects should be monitored to improve APIs? (Choose three.)
Developer languages used to access APIs
The degree of encryption in accessing APIs
API documentation and sample usage
User reactions to data sharing
The degree to which developers fork your API
User responses to API versioning
18.What informs whole-product thinking?
Industry analyst market growth predictions
Job descriptions for people who match the user personas
Financial analyst reports
Operational Value Stream map or Customer journey map
19.What is one of the key considerations when evaluating the fit of a particular market segment for a business?
Uniqueness of the market segment
Size and scope of the market segment
External support areas to service the market segment
20.What is the primary purpose of Product Manager interactions with Lean Portfolio Management?
Selling the product
Providing effective operational support
Getting the product built
Meeting the business goals
Alignment of market segment with the Enterprise's mission
21. A company that typically markets to small companies has a growth strategy to sell to larger organizations. The Product Manager is in charge of a new application and must recommend which of the following segments to address first.
Segment 1: Top 1,000 very large companies (over 25,000 employees); dominated by large Enterprise application vendors who sell the app as an add-on module but is not well integrated into their other applications. Customer anecdotes indicate low satisfaction.
Segment 2: 5.8 million US-based small businesses (under 500 employees); tasks often done in spreadsheets. Competitors are small privately-owned software companies offering desktop-based solutions. The company already has good market share in this segment.
What should be the recommendation for the next 12 months?
a. Find another segment
b. Choose both
c. Choose segment 2
d. Choose segment 1
22. What is a key role of Product Management when preparing for PI Planning?
a. Adjust market rhythms to align with PI boundaries
b. Create a program board showing critical dependencies
c. Socialize the prioritized backlog with stakeholders
d. Develop plans for improvements found in Inspect & Adapt