PSPO 1 Exam Study| 205 Questions| With Complete Solutions

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? correct answer: All investments required to conceive, develop, operate and maintain the product What best describes the relationship of the Product Owner and the stakeholders? correct 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? correct answer: Release an Increment to the market to learn about the business assumptions built into the product. When can the Product Backlog be updated? correct 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? correct 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? correct 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. correct answer: False True or False: The value delivered by a product can only be determined by revenue. correct 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? correct 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? correct answer: -Within the Sprint, the Development Team makes the best decisions possible to assure