Question 1

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 2

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

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

True or False: A good goal must be specific, measurable, actionable, realistic, and time-bound.

Options :

A : TRUE

B : FALSE

Answer: B

Question 5

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

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