PSPO 1 Business Strategy

Last post 02:03 pm September 13, 2019
by Eric Naiburg
3 replies
Author
Messages
07:45 pm August 18, 2019

I've failed the PSPO 1 assessment with a score of 83.8%! Very frustrating! I scored 0% on Business Strategy so need to focus hard on this but am struggling to identify questions specific to this in practice activities. Can anyone help?

06:35 am August 19, 2019

Important things to consider for Business Strategy include understanding how people might benefit from a value proposition, customer needs and market segmentation, crafting a product vision, product planning, and revenue.

The following questions from the PSPO Open Assessment seem to align to this topic:

 

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

True

False

 

Which description best fits the role of the Product Owner?

(choose the best answer)

Requirements Collector

Scope Protector

Chief Analyst

Project Manager 2.0

Value Maximizer

 

What variables should a Product Owner consider when ordering the Product Backlog?

(choose the best answer)

Development cohesion as indicated by the Development Team

The availability of resources and skills for implementation

Lowest development cost in order to maximize ROI

Effort first, then value

Whatever is most appropriate for the Product Owner to achieve the product's goals and to optimize the value received

 

True or False: A first Sprint can start before the Product Owner has a complete and exhaustive Product Backlog in place.

True

False

 

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?

(choose the best answer)

The money spent on development of the product, often a fixed cost per Sprint multiplied by the Sprints required

The accumulated cost over the earned value of the product

All investments required to conceive, develop, operate and maintain the product

 

True or False: The value delivered by a product can only be determined by revenue.

True

False

 

What two things best help the Product Owner manage the value of a product?

(choose the best two answers)

Validating assumptions of value through frequent releases

Setting value on individual Product Backlog items using Value Poker

Devising a formula for a neutral calculation of value

The order of the Product Backlog

07:50 am September 13, 2019

Amy Johnson I have the same problem. Any news?

thanks

 

02:03 pm September 13, 2019

Some categories may have less questions in them than others including only 2 or 3 questions as the test is pulled from a much larger pool of questions.