PSPO 1 Exam | Questions and Correct Solutions 2024

PSPO 1 Exam | Questions and Correct Solutions 2024 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, realigning 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. 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.