SAFe Agile Product Management (APM) Test Questions With Correct Answers 2024/2025

SAFe Agile Product Management (APM) Questions With 100% Correct Answers 2024/2025. T or F? PM supports all product aspects - Correct answer-True - Acts as marketing, contact for sales, reviews legal agreements, responses to service requests, manages value steam economics PMs rely on ___ for development facing concerns - Correct answer-Product Owners Four dimensions of product management stakeholders - Correct answer-Business goals, getting it off the shelf (shipped), getting it built and leveraging support ____________ ____________ is an iterative solution development process that promotes a holistic approach to delighting all stakeholders - Correct answer-Design thinking Desirable, sustainable, feasible and _________ are the four areas of design thinking - Correct answer-viable Driving product strategy and execution, communicating vision, managing program backlog all have to do with what APM area? - Correct answer-Feasible What are the 2 populations of Geoffrey Moore's Crossing the Chasm? - Correct answerEarly adopters and late adopters What is Design Thinking's double diamond? - Correct answer-Understand the problem, design the right solution What are the two steps of Understanding the Problem in Design Thinking? - Correct answer-Discover (diverge), Define (converge) What the two steps of Designing the right solution in Design thinking? - Correct answerDevelop (diverge), Deliver (Converge) Focuses on the who, what and why, Determines concepts, opinions and values, assesses value provided and what internal/external customers will pay, influences marketing and sales is what research area? - Correct answer-Market Research Focuses on the how, observes and evaluates what customers and users do, determines how customers use or will use the product, influences capabilities and features is what research area? - Correct answer-User research SAFe Agile Product Management (APM) Questions With 100% Correct Answers 2024/2025 What research area generally aligns to long-term product development planning horizons? - Correct answer-Market research T or F. Continuous exploration is market research - Correct answer-True What are the 5 populations of diffusion of innovation? - Correct answer-Innovators, early adopters, early majority, later majority and laggards What kind of data is: Previously collected and published data, and may or may not address specific questions - Correct answer-Secondary data What kind of data is: custom designed and implemented to answer specific questions as best as possible? - Correct answer-Primary data Usage analytics/product telemetry, government data and libraries are all examples of what kind of data? - Correct answer-Secondary data A/B testing, questionnaires/surveys are examples of what kind of Primary data? - Correct answer-Quantitative SImple surveys, Gemba, innovation games and trade studies are examples of what kind of Primary Data? - Correct answer-Qualitative What of these are considered user research: Usage analytics, government data, libraries, syndicated/private data? - Correct answer-syndicated/private data Which of these are considered secondary market research? Choice modeling, conjoint analysis, questionnaires/surveys or A/B testing? - Correct answer-None - they are all primary market research Builds customer empathy with team doing the research, creates vivid, concrete language and commitment to solve customers problems, forms the foundation of innovation by letting you explore 'what you don't know you don't know' are all strengths of what kind of research? - Correct answer-Qualitative research Is less objective than other market research methods, does not scale to large numbers of people is not statistically significant are all weaknesses of what kind of research? - Correct answer-Qualitative research Using segmentation or sampling helps in what area of product management? - Correct answer-research, among other areas __________ research is often more obtainable and useful with large complex solutions having: relatively small numbers of customers, a small number of transactions with each customer, transactions costing hundreds of thousands to millions of dollars - Correct answer-Qualitative A ______ ________ is a series of questions or data characteristics that are used to determine if a given person meets the desired respondent profile - Correct answerRespondent screener If you have ____ customers in your qualitative study, you can expect to represent 70-75 percent of market needs - Correct answer-12 If you have ____ customers in your qualitative study, you can expect to represent 90 percent of market needs - Correct answer-30 Innovation games are _____, serious games designed for _____ market and customer research - Correct answer-collaborative, qualitative Innovation games leverage cognitive psychology and ____ ____ to create highly actionable results - Correct answer-Organizational behavior Name one 'What is the minimum valuable product' game - Correct answer-20-20 vision, buy a feature, prune the product tree Name one Innovation Game that helps identify what solution customers need? - Correct answer-Product box, give 'em a hot tub, remember the future Speedboat and spiderweb are innovation games that identify what in the design thinking flow? - Correct answer-What is their problem? ___ ____ is the process of dividing a potential market into distinct subsets with common needs or characteristics in order to focus effort on the most attractive segment - Correct answer-Market segmentation Define from a market segmentation perspective, what Identifiable is - Correct answerWe can identify its members Define from a market segmentation perspective, what Measurable is - Correct answerWe can determine its size Define from a market segmentation perspective, what Significant is - Correct answer-It is large enough to be economically feasible Define from a market segmentation perspective, what Homogenous is - Correct answerMembers within a segment are similar Define from a market segmentation perspective, what Heterogenous - Correct answerMembers between segments are distinct Define from a market segmentation perspective, what Reachable is - Correct answerContacted through promotion and distribution efforts Define from a market segmentation perspective, what Compatible is - Correct answerAligned with our mission, strengths and ability A __ __ __ __ is not a product, service or a specific solution; its the higher purpose for which customers buy products, services and solutions - Correct answer-Job to be done This market segmentation tool helps to create segments of customers facing similar problems, improve the design of operational value streams and customer experiences and creates opportunities for innovation - Correct answer-Job to be done What key factors play into the value of a market segment? - Correct answer-current and future size of segment, amount customers are willing to pay for your product or service, competitors, substitutes and compliments What questions about market segment value inform strategy? - Correct answer-Is the segment valuable enough? Does it align with our enterprise/portfolio strategy? What would it take for us to win? Could we do it with our current team, offerings go-to-market structures, etc?