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| Section | Objectives |
|---|---|
| Key Value Areas | - Current Value
|
| Hypothesis-Driven Improvement | - Experiment Design
|
| Leadership and Organizational Agility | - Agile Leadership
|
| Understanding Evidence-Based Management | - EBM Principles
|
1. Your product's sales are falling behind competitors, but you don't know why. Which Key Value Areas would give you the best insight into what to do next?
(choose the best two answers)
Response:
A) Time to Market.
B) Ability to Innovate.
C) Current Value.
D) Unrealized Value.
2. Your company has 4 existing products and would like to develop brand new products based on new ideas. How should you allocate the budget for the products?
Response:
A) Set aside a fixed budget for new products and distribute the remainder to support the existing products.
B) Fund new and existing products based on the difference between their current value and unrealized value.
C) Fund based on cost estimates of the products that stakeholders rank more important.
3. You cannot get your stakeholders to agree on which features might provide the most value. How should you resolve this disagreement?
Response:
A) All of the above.
B) Organize an activity where stakeholders can vote and "buy a feature".
C) Deliver a small part of a feature to customers and gather insights.
D) Find someone who has higher authority than the stakeholders to make a decision.
4. What could be a valid reason for an organization needing to apply empiricism for problem-solving?
Response:
A) All of the above.
B) You are working with new technology that is unproven.
C) You are in a rapidly changing market.
D) You have a high business risk.
E) You have a high technical risk.
5. Which two Key Value Areas are most affected by the daily frequency a team is switching tasks or is interrupted?
(choose the best two answers)
Response:
A) All of the above.
B) Time to Market.
C) Ability to Innovate.
D) Current Value.
E) Unrealized Value.
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B,C |
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