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| Section | Objectives |
|---|---|
| Evidence-Based Management Foundations | - Transparency, inspection, and adaptation principles - Empiricism in product and organizational decision-making |
| Improving Organizational Effectiveness | - Outcome-driven improvement strategies - Reducing waste and improving flow efficiency |
| Measuring Outcomes and Value | - Value-based metrics and flow metrics - Using evidence for decision-making |
| Key Value Areas (KVAs) | - Time to Market - Ability to Innovate - Unrealized Value - Current Value |
1. Team A has a velocity of 30 with a Product Backlog of 120 points ordered by business value as perceived by stakeholders. Delivery is expected in 5 Sprints. Will this project deliver the anticipated impact?
(choose the best answer)
Response:
A) No.
B) Yes.
C) We do not know.
2. Your business asks for your advice on improving its strategy statement. Your organization wants to provide the product of choice in its market. How can we write this statement as an effective strategic goal?
Response:
A) Define a specific market share that needs to be achieved.
B) All of the above.
C) Understand customer desired outcomes and satisfaction gaps to better articulate the value it provides.
D) Define how progress towards "product of choice" will be measured.
3. 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) Begin procedures to hire an outsourcing development company 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) Stop investments in existing work that has not displayed little or no value to free up capacity to explore the new market opportunity.
D) Work with HR to hire contractors to create a new team to work on the new opportunity.
4. KVA stands for ...
Response:
A) Key Value Accreditation
B) Knowledge Value Agility
C) Key Value Area
D) Key Validation Applications
5. Product 1 creates profits of £1 million currently. Product 2 creates profits of £2 million currently. Which product creates more value for customers?
Response:
A) Product 1
B) Product 2
C) We do not have enough information to know
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B |
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