SAFe Agile Product Management (APM) Test Questions and Answers Latest 2024/2025 (100% VERIFIED)

SAFe Agile Product Management (APM) Test Questions and Answers Latest 2024/2025 (100% VERIFIED) excel correct answers v. To do well; to be better or greater than others. eg: In which areas the product is going to excel? Product value correct answers The worth assigned to the product by the customer Q: which needs will the product address? What value does the product add? feasible correct answers reasonable; capable of being carried out lock in customers correct answers making it difficult or expensive for customers to switch to another product sources of revenue correct answers sales and fees earned target price correct answers price based on customers' perceived value for the product and the price that competitors charge Q: what is the target price? competitors correct answers companies in the same industry that sell similar products or services to customers springboard correct answers 1. An object used to power/spring a gymnast over something. 2. a beginning from which an enterprise is launched Unique selling point correct answers Any aspect of a product that makes it stand out form those offered by rival businesses, Any aspect of or characteristic of a product that differentiates it from the competition. Firms will often want to stress this in their marketing. Product Vision correct answers a brief statement of the desired future state that would be achieved through the project initiative. Pichler: The vision should communicate the essence of the future product in a concise manner and describe a shared goal that provides direction but is broad enough to facilitate creativity. Should be: shared and unifying: people are connected, bound together by a common aspiration; broad and engaging: goal that guides the development efforts but leaves enough room for creativity, consensus driven goal; short and sweet: less is more Agile Product Management, SAFe Agile Product Management (APM) (A+ Guaranteed) 2024/2025 consensus-driven approach correct answers team works together to build a vision around what they are building yields correct answers Makes, creates, produces; Arrow in chemical equation overspecified correct answers very complex Pichler: resist the temptation to provide too much detail or to overspecify the product. More functionality is discovered and captured in the product backlog as the projekt progresses. Elevator Pitch correct answers Very concise presentation of an idea covering all of its critical aspects, and delivered within a few seconds (the approximate duration of an elevator ride) identify your goal explain what you do communicate your uniqueness engage with a question put it all together practice Moore's elevator test - if you can not explain your product in the time it takes us to ride up,the vision od likely to be too long or complex. to change certain failure into unmitigated success correct answers changing big failure in absolute, unqualified success thanks to the adaptation unrivaled correct answers having no equal or competition fairly well; to a large extent; pretty much correct answers "Markets that do not exist can not be analyzed" correct answers Christensen 1997 it set a new standard for smartphones correct answers iPhone which launched in 2007 narrow set of customer needs correct answers focusing on the few most important capabilities, leaving out some functinality, avoiding the trap to please too mamy people at once a fresh look at correct answers hinder correct answers to delay; to stop or prevent from happening Eg. These limitations did not hinder hinder its success. bulky and heavy correct answers having great volume or size handwriting recognition correct answers The ability of a device to identify handwritten characters. Apple Newton, first launched in 1993 after 5 Yeats od development. underperform correct answers to be less successful than people expect hindsight correct answers perception of events after they happen Eg. On hindsight Apple was overly ambitious with Newton plans. Trying to do too much at once correct answers in a timely manner correct answers completed by the time it is required Eg. An act must be performed within certain time limits as described on contract minimal marketable product correct answers the smallest amount od functinality creating value for customer. Denne and Celand-Huang (2004) Risk Mitigation correct answers Reducing the impact of a risk event by reducing the probability of its occurrence learning acceleration correct answers Change in velocity divided by the time it takes for the change to occur outguess correct answers outwit (someone) by guessing correctly what they intend to do "There is only one move that really counts: the next one" correct answers Gilb, 1988 The PM may fulfill the role of the _____? correct answers Product owner: defining stories, prioritizing team backlogs, accepting stories, etc. T or F? PM supports all product aspects correct answers 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 answers Product Owners Four dimensions of product management stakeholders correct answers 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 answers Design thinking Desirable, sustainable, feasible and _________ are the four areas of design thinking correct answers viable Driving product strategy and execution, communicating vision, managing program backlog all have to do with what APM area? correct answers Feasible What are the 2 populations of Geoffrey Moore's Crossing the Chasm? correct answers Early adopters and late adopters What is Design Thinking's double diamond? correct answers Understand the problem, design the right solution What are the two steps of Understanding the Problem in Design Thinking? correct answers Discover (diverge), Define (converge) What the two steps of Designing the right solution in Design thinking? correct answers Develop (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 answers 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 answers User research What research area generally aligns to long-term product development planning horizons? correct answers Market research T or F. Continuous exploration is market research correct answers True What are the 5 populations of diffusion of innovation? correct answers Innovators, early adopters, early majority, later majority and laggards