BUSI 313 Exam #3 (Ch. 13, 14, 16)
Question and answers verified to pass
2026
What are iterations? - correct answer ✔"time boxes" to develop a workable product that satisfies the
customer and other key stakeholders
True/False: Agile PM is related to the rolling wave planning and scheduling project methodology. -
correct answer ✔True
What is IID stand for? - correct answer ✔Iterative, Incremental Product Development
What are some of the advantages of Agile PM - correct answer ✔1. useful in developing critical
breakthrough technology or defining essential features; (problems come up EARLY)
2. continuous integration, verification, and validation of the evolving product
3. increased likelihood that end product will satisfy customer needs
What are 5 Agile PM principles? - correct answer ✔1. focus on customer value
2. iterative and incremental delivery
3. experimentation and adaption
4. self-organization
5. continuous improvement
What is Scrum methodology? - correct answer ✔is a holistic approach for use by a cross-functional
team collaborating to develop a new product
, What is a feature? - correct answer ✔a deliverable in Scrum; a piece of a product that delivers some
useful functionality to a customer.
What are the 4 phases of Scrum? - correct answer ✔1. analysis
2. design
3. build
4. test
True/False: Scrum prioritizes features by those that customer places the highest value on. - correct
answer ✔True
What are the 3 key roles in Scrum? - correct answer ✔1. product owner (acts on behalf of customers
to represent their interests)
2. development team
3. scrum master (aka project manager; facilitates process and resolves isssues)
spint is...? - correct answer ✔iteration in Scrum
What is a key concern for agile PM? - correct answer ✔it does not satisfy top management's need for
budget, scope, and schedule control
What are 3 other concerns of agile PM? - correct answer ✔1. its principles of self-organization and
close collaboration can be incompatible with corporate cultures
2. its methods appear to work best on small projects that require 5-9 dedicated team members
3. requires ACTIVE customer involvement
What is a control chart? - correct answer ✔A chart used to monitor past project schedule
performance and current performance as well as estimate future schedule trends
Question and answers verified to pass
2026
What are iterations? - correct answer ✔"time boxes" to develop a workable product that satisfies the
customer and other key stakeholders
True/False: Agile PM is related to the rolling wave planning and scheduling project methodology. -
correct answer ✔True
What is IID stand for? - correct answer ✔Iterative, Incremental Product Development
What are some of the advantages of Agile PM - correct answer ✔1. useful in developing critical
breakthrough technology or defining essential features; (problems come up EARLY)
2. continuous integration, verification, and validation of the evolving product
3. increased likelihood that end product will satisfy customer needs
What are 5 Agile PM principles? - correct answer ✔1. focus on customer value
2. iterative and incremental delivery
3. experimentation and adaption
4. self-organization
5. continuous improvement
What is Scrum methodology? - correct answer ✔is a holistic approach for use by a cross-functional
team collaborating to develop a new product
, What is a feature? - correct answer ✔a deliverable in Scrum; a piece of a product that delivers some
useful functionality to a customer.
What are the 4 phases of Scrum? - correct answer ✔1. analysis
2. design
3. build
4. test
True/False: Scrum prioritizes features by those that customer places the highest value on. - correct
answer ✔True
What are the 3 key roles in Scrum? - correct answer ✔1. product owner (acts on behalf of customers
to represent their interests)
2. development team
3. scrum master (aka project manager; facilitates process and resolves isssues)
spint is...? - correct answer ✔iteration in Scrum
What is a key concern for agile PM? - correct answer ✔it does not satisfy top management's need for
budget, scope, and schedule control
What are 3 other concerns of agile PM? - correct answer ✔1. its principles of self-organization and
close collaboration can be incompatible with corporate cultures
2. its methods appear to work best on small projects that require 5-9 dedicated team members
3. requires ACTIVE customer involvement
What is a control chart? - correct answer ✔A chart used to monitor past project schedule
performance and current performance as well as estimate future schedule trends
