PSPO 1 EXAM WITH COMPLETE SOLUTIONS 100% Correct.

PSPO 1 EXAM WITH COMPLETE SOLUTIONS 100% Correct. In order to make investment decisions, the Product Owner is likely to look at the Total Cost of Ownership (TCO) of the product being built. What costs will a Product Owner take into account? - Answer All investments required to conceive, develop, operate and maintain the product What best describes the relationship of the Product Owner and the stakeholders? - Answer The Product Owner actively asks for stakeholder input and expectations to process into the Product Backlog. Learning turns into 'validated learning' when assumptions and goals can be assessed through results. What is a key way for a Product Owner to apply validated learning? - Answer Release an Increment to the market to learn about the business assumptions built into the product. When can the Product Backlog be updated? - Answer At any time when done by the Product Owner or at the Product Owner's discretion How important is it for a Product Owner to order Product Backlog items by value points? - Answer It is a good practice, keeping in mind that market reception is the best measure of value. What are two typical activities for a Product Owner in a Sprint? - Answer -Work with the Development Team on Product Backlog refinement. -Collaborate with stakeholders, user communities, and subject matter experts. True or False: The Scrum Team should choose at least one high priority process improvement, identified during the Sprint Retrospective, and place it in the Product Backlog. - Answer False True or False: The value delivered by a product can only be determined by revenue. - Answer False The process of regular inspection and adaptation employs knowledgeable and skilled inspectors. What are two ways in which the Product Owner takes the lead in the inspection process? - Answer -At the Sprint Review the Product Owner shares the current state of Product Backlog, which, combined with the inspection of the Increment, leads to an updated Product Backlog. -The Product Owner invites stakeholders to the Sprint Review to learn how the current state of the marketplace influences what is the most valuable thing to do next. What two things should be done if the Product Owner is unavailable? - Answer - Within the Sprint, the Development Team makes the best decisions possible to assure progress toward the Sprint Goal, re-aligning with the Product Owner once he/she is available again. -In a permanent state of unavailability, a new Product Owner needs to be appointed. Development efforts without a Product Owner are not employing Scrum. PSPO 1 EXAM WITH COMPLETE SOLUTIONS 100% Correct. It is mandatory for the Product Owner to monitor and share progress of the Product Backlog by using which method? - Answer Any practice based on trends of work completed and upcoming work The Product Owner's authority to change and update the Product Backlog is unlimited, except for: - Answer Nothing. The entire organization must respect a Product Owner's decisions. To what extent does technical debt limit the value a Product Owner can get from a product? - Answer -Technical debt causes a greater percentage of the product's budget to be spent on maintenance of the product. -The velocity at which new functionality can be created is reduced when you have technical debt. True or False: The Sprint Review is the only time at which stakeholder feedback is taken into account. - Answer False True or False: A Product Owner is essentially the same thing as a traditional Project Manager? - Answer False Which two statements explain why the definition of "Done" is important to the Product Owner? - Answer -It assures the Increment reviewed at the Sprint review is usable so the Product Owner may choose to release it. -It creates transparency regarding progress within the Scrum Team. What is the Product Owner accountable for in Scrum? - Answer Clearly expressing a Product Backlog that maximizes value and represents the needs of the stakeholders How does an organization know that a product built through Scrum is successful? - Answer By releasing often, and updating key performance indicators (KPIs) on value after every release and feeding this information back into work on the Product Backlog What two things best help the Product Owner manage the value of a product? - Answer -The order of the Product Backlog -Validating assumptions of value through frequent releases What variables should a Product Owner consider when ordering the Product Backlog? - Answer Whatever is most appropriate for the Product Owner to achieve the product's goals and to optimize the value received How can a Product Owner use time-boxed Sprints to obtain feedback from users and the market? - Answer Through frequent delivery of Increments of the product into the market. The Product Owner manages the Product Backlog. Who is accountable for estimating the effort to complete the Product Backlog items? - Answer The PSPO 1 EXAM WITH COMPLETE SOLUTIONS 100% Correct. Development Team. As a collective, they have a complete view of the work needed to transform Product Backlog items into Increments of product. Must the Product Owner be present at the Sprint Retrospective? - Answer It is mandatory. The Sprint Retrospective is an opportunity for the Scrum Team to assess its performance and improve itself. Which description best fits the role of the Product Owner? - Answer Value Maximizer Who creates the definition of "Done"? - Answer The development organization (or Development Team if none is available from the development organization) A Product Owner is entitled to postpone the start of a new Sprint after the conclusion of a previous Sprint for the following reason: - Answer There is no acceptable reason. A new Sprint starts immediately after the conclusion of the previous Sprint. What is a Product Backlog? - Answer It is a living artifact of product requirements that exists and evolves as long as a product exists. What pre-conditions must be fulfilled in order to allow Sprint Planning to begin? - Answer There are no such pre-conditions What two phrases best describe the relationship of the Product Owner and the Development Team? - Answer -They collaborate often so the Product Owner can make informed decisions in balancing effort and value of Product Backlog items. -They collaborate often so the Development Team builds Increments keeping enduser and stakeholder concerns in mind. Who is responsible for managing the Product Backlog? - Answer The Product Owner Select the two focus areas that are not considered in executing Value Driven Development by the Product Owner. - Answer -Coach of the Development Team in self-organization and cross-functionality -Remover of impediments to the Development Team's progress Who is responsible for all estimates in the Product Backlog? - Answer The Development Team What are the Scrum Artifacts? Select all applicable items. - Answer -Product Backlog -Sprint Backlog -Increment -The Sprint Goal.