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| Section | Objectives |
|---|---|
| Key Value Areas (KVAs) | - Unrealized Value - Current Value - Ability to Innovate - Time to Market |
| Measuring Outcomes and Value | - Value-based metrics and flow metrics - Using evidence for decision-making |
| 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 |
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?
Response:
A) Technical work estimations are not accurate because managers are not the best ones to give development estimations.
B) New opportunities might be missed during the year.
C) Cost estimations are not accurate because the scope might not be clear.
D) All of the above.
E) Investment decisions could be poor if claimed benefits are overstated.
2. Which of the following would be a valid reason for an organization to consider implementing experiments?
Response:
A) In order to gain knowledge for solving complex problems.
B) All of the above.
C) In order to vary and enrich the type of work a team does.
D) In order to apply empiricism in an agile transformation.
3. An organization is currently having difficulties delivering new releases of their products in a timely manner. When asked, the teams say that they need to share team members across different teams and products in order for a team to get their work done. At least one team needs help from a member of another team at any point in time.
Which of the following would be the most appropriate response?
(choose the best answer)
Response:
A) None of the above.
B) Work with HR to hire more people to increase the capacity of the teams.
C) Create project plans for each of the products to include how to coordinate between teams and team members.
D) All of the above.
E) Reduce the number of products in order to help improve focus and reduce dependencies between teams.
4. Every feature request and requirement represent a potential hypothesis about value.
Response:
A) TRUE
B) FALSE
5. Your new product sales are not growing as fast as competitors' sales and you don't know why. Which Key Value Areas would you evaluate to help you decide on the next steps?
(choose the best two answers)
Response:
A) Time to Market.
B) Current Value.
C) Ability to Innovate.
D) Unrealized Value.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: E | Question # 4 Answer: A | Question # 5 Answer: B,D |
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