PSPO 1 Exam Study Guide | 205 Questions with 100% Correct Answers | Verified | Latest Update 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? - All investments required to conceive, develop, operate and maintain the product What best describes the relationship of the Product Owner and the stakeholders? - 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? - Release an Increment to the market to learn about the business assumptions built into the product. When can the Product Backlog be updated? - 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? - 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? - -Work with the Development Team on Product Backlog refinement. -Collaborate with stakeholders, user communities, and subject matter experts.