Guidewire part 2 EXAM QUESTIONS WITH CORRECT ANSWERS RATED A+

GUIDEWIRE PART 2 EXAM
QUESTIONS WITH CORRECT
ANSWERS RATED A+
WhenTrequirementsTareTnotTaligned?T(MaximizingTproductTValue)T-TCORRECTTANSWERS--
TEveryTday,TthousandsTofTdecisionsTareTmadeTonTaTprojectTbyTpeopleTwhoTbringTtheirTownTrequire


mentsTandTfocusTthroughTtheirTareaTofTexpertise.

-TTheseTdecisionsTcanTdivertTrequirementsTawayTfromTtheTbusinessTobjectives.

TheTresultT-TrequirementsTthatTareTnotTstrategicallyTaligned.
T




TheTimpactsTinclude:

-TCostToverrunsTforTtheTproject.

IncreasedTtechnicalTdebt.
T



-TTimeTtoTmarketTmayTdelayTorTpreventTbenefitsTrealization.

-TTeamTmembersTmayTbeTfrustratedTwhenTnotTworkingTtowardTtheTsameTgoal.

TheTdevelopTtheTlegacyTsystemTtheyThad.
T



TheyTendTupTwithTaTsystemTwithTnoTvalue.
T




-TToTavoidTthis,TprojectTteamsTmustTconfirmTstrategicTvalueTalignment.



EveryTday,TthousandsTofTdecisionsTareTmadeTonTaTprojectTbyTpeopleTwhoTbringTtheirTownTrequirem
entsTandTfocusTthroughTtheirTareaTofTexpertise.TTheseTsmallTdecisions,ToverTtime,TaddTupTand,TifTu
nchecked,TcanTdivertTaTprojectTawayTfromTtheTbusinessTobiectives.TTheTresult;TtheTrequirementsTa
reTnotTalignedTwithTtheThTbusinessTobjectivesTorTbusinessTstrategy.

TheTimpactsTofTmisalignedTrequirementsTcanTbeTveryTexpensiveTwithTtimeTandTmoneyTspentTdevel
opingTunnecessaryTfeatures.TThisTeffortTcanTleadTtoTcostToverrunsTforTtheTproject.TAdditionally,Tinc
reasedTdevelopmentTpullsTresourcesTawayTfromTinnovationTeffortsTand,TatTtheTsameTtime,Tincreas
esTtechnicalTdebtTwithTtimeTspentTdevelopingTandTtestingTtheTrequirementTforTimplementationTan
dTfutureTreleases.TTheTadditionalTdevelopmentTtimeTcanTbeTfurtherTdetrimentalTtoTfinancialsTwhe
nTtheTtimeTtoTmarketTcausesTbenefitsTrealizationTtoTbeTdelavedTorTprevented.

,WithoutTclarityTofTprojectTgoals,TprojectTteamTmembersTmayTeachThaveTdifferentTobjectivesTinTmi
nd.TThisTcanTleadTtoTfrustrationTwhenTnotTallTareTworkingTtowardTtheTsameTgoal.

WhenTrequirementsTareTnotTalignedTwithTbusinessTobjectives,TinsuranceTcompaniesTcanTdevelopTt
heTlegacyTsystemTth



ConfirmingTvalueTalignmentTisTreallyTallTaboutTensuringTthatT-TCORRECTTANSWERS-
everythingTweTdo,TallTtheTdecisionsTweTmake,TandTtheTsolutionsTweTdevelop,TareTinTsupportTofTtheT
businessTobjectives.



IdentifyingTRiskTforTSimple,TSmallTBusinessTPoliciesT-TCORRECTTANSWERS-
LetTusTpracticeTusingTbusinessTstrategyTasTaTguide.TThisTactivityTdemonstratesThowTunderstandingT
businessTobjectivesTcanTimpactTprojectTdecisionsTand,Tultimately,TtheTalignmentTofTtheTsolution.



ScenarioT1T-TIdentifyingTRiskTforTSimple,TSmallTBusinessTPoliciesT-TCORRECTTANSWERS-
SucceedTInsuranceTwouldTlikeTcertainTrisksTreviewedTbyTanTunderwriterTbeforeTaTSimpleTSmallTBus
inessTpolicyTisTissued.TToTeliminateTtheTneedTforTagentsTtoTidentifyTandTmanuallyTsendTanTissueTtoT
Underwriting,TSucceedTwouldTlikeTtoTautomateTtheTprocessTbyTcreatingTUnderwritingTRulesTforTea
chTrisk.TWithTthisTinTmind,TtheyThaveTidentifiedTseveralTrisksTtheyTwouldTlikeTtheirTunderwritersTtoTr
eview.THowever,TtheyTwantTtoTavoidTunderwritingTrulesTthatTwouldTcreateTtooTmanyTmanualTappr
ovals.



yourTthoughts?

-TWhatTrequirementTforTanTunderwritingTruleTdidTyouTselectTtoTimplement?

ExplainTyourTchoice.

-TWhatTinformationTwasTkeyTtoTmakingTyourTdecision?

-TDidTyouTfindTyourselfTwantingTtoTknowTmoreTinformation?TIfTyes,TwhatTdidTyouTwantTtoTknow?

-TWhyTwouldTadditionalTinformationThaveThelped?

,-
TIfTworkingTasTaTgroup,TwereTallTteamTmembersTalignedTwithTtheTdecisionTonTwhatTtoTimplement?T


WhyTorTwhyTnot?



UseTStrategyTtoTGuideTYou:

Now,TrepeatTtheTsameTprocess,TbutTthisTtimeTstartTbyTreviewingTtheTBusinessTObjectivesTandTstrat
egiesTforTSucceedTInsurance.

SucceedTInsuranceTBusinessTObjectivesTandTStrategies

1.TAchieveTimprovedTspeedTtoTmarketTby:

IncreasingTstraight-throughTprocessing
T



IncreasingTbusinessTefficiencyTthroughTimprovedTautomation
T



2.TMaintainTUnderwritingTexcellenceTbyTreducingTlossTexperience

Note:TTheseTbusinessTobjectivesTandTstrategiesTareTlistedTinTorderTofTpriority.

KnowingTthatTSucceedTwantsTtoTavoidTunderwritingTrulesTthatTcreateTtooTmanyTmanualTapprovalsT
and,TatTtheTsameTtime,TachieveTtheseTbusinessTobjectives,TwhichTrequirementTwouldTyouTchoose?



Conclusions:

NowTthatTyouThaveTcompletedTthisTexercise,TyouTshouldTconclude:TwithoutTstrategy;TweTwillTstrug
gleTwithTalignmentTandTdecision-making.

TheTstrategicTobjectivesTofTtheTbusinessTneedTtoTbeTinTtheTforefrontTofTeveryTteamTmember'sTmind
TthroughoutTtheTimplement




CouldTaTprojectTleverageTInsuranceSuiteTtoTtheTfullest,TalignTchangesTwithTstrategicTobjectives,Tan
dTstillTfail?T-TCORRECTTANSWERS-TheTanswerTis,TYes.

OperatingTwithoutTGuidingTPrinciples,TisTlikeToperatingTaTboatTwithoutTaTrudderT-
TthereTisTnoTclearTdirection.TWithoutTdirection,TprojectTteamsTcanTmakeTdecisionsTthatTareTnotTalig


nedTwithTwhatTisTimportantTtoTtheTbusiness.TGuidingTPrinciplesTcreateTaTcultureTwhereTevervoneTu
nderstandsTwhatTisTimportant.

, UnlikeTbusinessTobjectivesTandTstrategiesTthatTcanTchange,TGuidingTPrinciplesTareTconstant.TTheyT
provideTdirectionTforTprojectTteamsTthroughTallTcircumstances,TirrespectiveTofTchangesTinTbusiness
Tgoals,TbusinessTstrategies,TorTtypeTofTwork.



ProjectTteamsTshouldTalwaysThaveTaTsetTofTGuidingTPrinciplesTtoTfollowTspecificTtoTtheTproject.

GuidingTPrinciplesTpresentTaTsetTofTrulesTthatThelpTprojectTteamTmembersTmakeTtheTrightTdecision
sTwhenTfacedTwithTaTchoiceTlike:

HowTtoTanswerTaTquestionTaboutTaTrequirement,
T



HowTtoTbestTsolveTaTproblem,Tand
T



HowTtoTmanageTscope.
T



WhenTusedTinTthisTway,TGuidingTPrinciplesThelpTprojectTteamsTnavigateTdifficultTprojectTdecisionsT
andTincreaseTtheirTchancesTofTarrivingTatTaTsuccessfulTconclusionTtoTtheirTimplementation.



IMPLEMENTTTHENTENHANCET-TCORRECTTANSWERS-
1)TWeTareTNOTTbuildingTaTsystemTfromTscratch.

2)TWeTareTNOTTboundTbyTtheTwayTweThaveTalwaysTdoneTthings.

3)TWeTWILLTchallengeTcurrentTprocesses.

4)TWeTWILLTleverageTvendorTbestTpractices.

5)TWeTWILLTdriveTadherenceTtoTPolicyCenterTalignment

6)TWeTWILLTstriveTforTcommonTworkflows,Tprocesses,TandTsystemsTacrossTtheTorganization.

7)TWeTWILLTonlyTautomateTthatTwhichTcanTandTshouldTbeTautomated.

8)TWeTWILLTlimitTscopeTasTfarTasTpracticalTtoTaccelerateTtime-to-market.



ATbestTpracticeTisTtoTdistributeTandTdisplayTtheTinsuranceTcompany'sTGuiding

PrinciplesTinTprojectTworkTareas.



EstablishingTGuidingTPrinciplesT-TCORRECTTANSWERS-
GuidingTprinciplesTshouldTbeTestablishedTbyTtheTinsuranceTcompany'sTleadershipTteam.TThroughT
GuidingTPrinciples,TleadershipTcanTconveyThowTtheTinsurerTstandsTonTcommonTchallengesTfacedTd