PSPO Exam Practice Questions and Verified Solutions 2024

PSPO Exam Practice Questions and Verified 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; The owner of a product is not only accountable for development and release of a product, but also the cost of maintaining and operating the product. If a person 'owns' the product, he/she can be expected to be responsible for the complete life cycle of a product. 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, to ensure continuous improvement, the Sprint Backlog rather than the Product Backlog includes at least one high priority process improvement identified in the previous Sprint Retrospective meeting. When can the Product Backlog be updated? - Answer -At any time when done by the Product Owner or at the Product Owner's discretion 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 -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. 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. 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 Which two statements explain why the definition of "Done" is important to the Product Owner? - Answer -It creates transparency regarding progress within the Scrum Team. It assures the Increment reviewed at the Sprint review is usable so the Product Owner may choose to release it. Who creates the definition of "Done"? - Answer -The development organization (or Development Team if none is available from the development organization);If the definition of "done" is part of the conventions, standards or guidelines of the development organization, all Scrum Teams must follow it as a minimum. The Development Team of the Scrum Team can complement it with elements specific for the product or context. 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. A Product Owner is essentially the same thing as a traditional Project Manager? - Answer -False The value delivered by a product can only be determined by revenue. - Answer -False; Value is likely to vary across products and organizations. 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 The Product Owner manages the Product Backlog. Who is accountable for estimating the effort to complete the Product Backlog items? - Answer -The Development Team. As a collective, they have a complete view of the work needed to transform Product Backlog items into Increments of product. 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. 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.; The Product Owner manages Product Backlog against the assumption that value will be generated. This assumption remains invalidated when not checked against users and market. The Sprint Review is the only time at which stakeh