1.Which aspect of customer-centric financial modeling is often ignored by Product Managers?

• ART costs
• Product support costs
• Total cost of ownership (TCO)
• Sales and marketing costs

2.Why are Agile Roadmaps a valuable tool for Product and Solution Managers?

• They help analyze product usage data
• They determine compliance requirements
• They help create the business model canvas
• They help balance near-term and long-term planning

3.A Product Manager is preparing for the next PI Planning meeting. What action will help the Product Manager finalize preparations?

• Conduct a launch retrospective
• Initiate a pricing discount analysis
• Use Continuous Exploration to gain insights on Feature priorities
• Update sales presentations to prepare for the next release

4.In which value exchange model is the actual price often defined as a percentage of the magnitude of the value created?

• Data/digital goods
• Service
• Transaction
• Revenue obtained/cost saved

5.Which factor creates 'intangible' value for a product?

• The trust factor among the organization's employees
• Past market segmentation
• Values driven from leadership and team
• Customers who believe in the values of the company

6.What are the key elements of the Solution Intent?

• Epics, Features, and Stories
• Customer segments and product Vision
• Specifications, designs, and tests
• Strategic Themes and nonfunctional requirements

7.Which two activities are most likely performed when conducting market research? (Choose two.)

• Visit Customers and talk about their problems
• Ask people what they would buy
• Consult a Solution Architect on creating a sustainable product
• Define requirements for the product
• Examine Solution options for development

8.What is the most important planning question for primary research?

• Who will be asked?
• What will be asked?
• What research medium will be used?
• How many people will be asked?

9.What determines when a Feature is ready to move to the next column in the Program Kanban?

• Policies
• Definition of ready
• Definition of done
• Work in process (WIP) limits

10.What is an example of a measurement that can be used to help drive Value Stream innovation and improvements?

• Iteration velocity measured on a quarterly basis
• Number of customers added during the quarter
• Average customer acquisition costs
• Percentage of customers activating the product

11.What happens when an Epic benefit hypothesis is proven false?

• The Epic is discarded and no more work will be done on that initiative
• The Solution Management team determines if work on the Epic will continue
• Update the hypothesis and continue working on the Epic
• Stop working on the Epic; a new Epic and hypothesis must be created and approved for work to continue

12.Which two criteria must be satisfied before a Feature flows from analysis into the Program Backlog on a Program Kanban? (Choose two.)

• The Feature is decomposed into Stories
• Teams define the build and test Solution
• The Feature is approved by the Product Manager
• The Feature is integrated and deployed
• The benefit hypothesis and acceptance criteria are defined

13.Which three sources can Product Managers leverage for innovation ideas? (Choose three.)

• Code reviews
• Strategic Themes
• DevOps
• The Lean-Agile Center of Excellence
• Agile Teams
• Suppliers

14.Which three sources can Product Managers leverage for innovation ideas? (Choose three.)

• Code reviews
• Strategic Themes
• DevOps
• The Lean-Agile Center of Excellence
• Agile Teams
• Suppliers

15.When dealing with a complex product, a secondary persona could be best defined as what?

• Someone the product is explicitly not going to satisfy
• A persona that must be satisfied for the product such that the goals should drive the design process
• Another user of the primary interface who can be accommodated as long as the targeted persona's experience is not compromised
• The consumer that can heavily influence all other persona types and should be understood to drive the requirements of the product development process

16.How does a portfolio canvas provide business context?

• It determines the allocations for investment horizons
• It describes how a Solution fits into the overall strategy
• It links the ART canvases
• It provides a common taxonomy

17.Which three aspects should be monitored to improve APIs? (Choose three.)

• Developer languages used to access APIs
• The degree of encryption in accessing APIs
• API documentation and sample usage
• User reactions to data sharing
• The degree to which developers fork your API
• User responses to API versioning

18.What informs whole-product thinking?

• Industry analyst market growth predictions
• Job descriptions for people who match the user personas
• Financial analyst reports
• Operational Value Stream map or Customer journey map

19.What is one of the key considerations when evaluating the fit of a particular market segment for a business?

• Uniqueness of the market segment
• Size and scope of the market segment
• External support areas to service the market segment

20.What is the primary purpose of Product Manager interactions with Lean Portfolio Management?

• Selling the product
• Providing effective operational support
• Getting the product built
• Meeting the business goals
• Alignment of market segment with the Enterprise's mission

21.A company that typically markets to small companies has a growth strategy to sell to larger organizations. The Product Manager is in charge of a new application and must recommend which of the following segments to address first.

Segment 1: Top 1,000 very large companies (over 25,000 employees); dominated by large Enterprise application vendors who sell the app as an add-on module but is not well integrated into their other applications. Customer anecdotes indicate low satisfaction.

Segment 2: 5.8 million US-based small businesses (under 500 employees); tasks often done in spreadsheets. Competitors are small privately-owned software companies offering desktop-based solutions. The company already has good market share in this segment.

What should be the recommendation for the next 12 months?

• a.Find another segment
• b.Choose both
• c.Choose segment 2
• d.Choose segment 1

22.What is a key role of Product Management when preparing for PI Planning?

• a.Adjust market rhythms to align with PI boundaries
• b.Create a program board showing critical dependencies
• c.Socialize the prioritized backlog with stakeholders
• d.Develop plans for improvements found in Inspect & Adapt