100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
PSPO 1 Exam With Questions And Verified Answers $11.09   Add to cart

Exam (elaborations)

PSPO 1 Exam With Questions And Verified Answers

 5 views  0 purchase
  • Course
  • Institution

PSPO 1 Exam With Questions And Verified Answers 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...

[Show more]

Preview 3 out of 19  pages

  • June 24, 2024
  • 19
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
PSPO 1 Exam With Questions And Verified
Answers
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.


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.
False


True or False: The value delivered by a product can only be determined by revenue.
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?
-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?
-Within the Sprint, the Development Team makes the best decisions possible to assure progress
toward the Sprint Goal, re-aligning 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?

,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:
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?
-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.
False


True or False: A Product Owner is essentially the same thing as a traditional Project Manager?
False


Which two statements explain why the definition of "Done" is important to the Product Owner?
-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?
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?
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?
-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?
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?
Through frequent delivery of Increments of the product into the market.


The Product Owner manages the Product Backlog. Who is accountable for estimating the effort to
complete the Product Backlog items?
The Development Team. As a collective, they have a complete view of the work needed to transform
Product Backlog items into Increments of product.

, Must the Product Owner be present at the Sprint Retrospective?
It is mandatory. The Sprint Retrospective is an opportunity for the Scrum Team to assess its
performance and improve itself.


Which description best fits the role of the Product Owner?
Value Maximizer


Who creates the definition of "Done"?
The development organization (or Development Team if none is available from the development
organization)


A Product Owner is entitled to postpone the start of a new Sprint after the conclusion of a previous
Sprint for the following reason:
There is no acceptable reason. A new Sprint starts immediately after the conclusion of the previous
Sprint.


What is a Product Backlog?
It is a living artifact of product requirements that exists and evolves as long as a product exists.


What pre-conditions must be fulfilled in order to allow Sprint Planning to begin?
There are no such pre-conditions


What two phrases best describe the relationship of the Product Owner and the Development Team?
-They collaborate often so the Product Owner can make informed decisions in balancing effort and
value of Product Backlog items.
-They collaborate often so the Development Team builds Increments keeping end-user and
stakeholder concerns in mind.


Who is responsible for managing the Product Backlog?
The Product Owner


Select the two focus areas that are not considered in executing Value Driven Development by the
Product Owner.
-Coach of the Development Team in self-organization and cross-functionality
-Remover of impediments to the Development Team's progress


Who is responsible for all estimates in the Product Backlog?
The Development Team


What are the Scrum Artifacts? Select all applicable items.
-Product Backlog
-Sprint Backlog
-Increment


What is the Increment?

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller LectDan. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.09
  • (0)
  Add to cart