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1. Your stakeholders tell you that a specific feature is needed by the product's customers. Your team works diligently on releasing the feature but despite an extensive marketing and promotional campaign, none of your customers are interested in using it. What do you do?
Response:
A) Ensure that both the customer and stakeholder feedback are prioritized accordingly.
B) Reduce the size of the features in order to reduce waste and obtain feedback sooner.
C) Get the earlier user feedback from the customers to understand what their actual needs are.
D) Ask your customers what difficulties they are having with using the feature.
2. How do you know if your product is delivering value?
Response:
A) When your users are happy and engaged with the product.
B) When the business is profitable.
C) When internal stakeholders are satisfied with the product.
D) When the working environment is good.
3. A team works on 4 different products, splitting their time between them because none of the products has enough work to warrant a dedicated team. What strategy on how they use their time would potentially deliver the most value to customers over time?
Response:
A) Either strategy will deliver the same value.
B) Work a little on each product all the time, releasing when needed.
C) Focus on one product at a time, release it, then move to the next product.
4. Your company has 4 existing products and would like to develop brand new products based on new ideas. How should you allocate the budget for the products?
Response:
A) Fund new and existing products based on the difference between their current value and unrealized value.
B) Set aside a fixed budget for new products and distribute the remainder to support the existing products.
C) Fund based on cost estimates of the products that stakeholders rank more important.
5. You want to know the potential value that your product could, but does not yet, deliver. Which of the following is the most helpful?
(choose the best answer)
Response:
A) None of the above.
B) Asking your customers what they like about the product.
C) All of the above.
D) Interviewing users who tried your product but did not buy.
E) Testimonials about why your customers choose your product.
F) Competitor research and their market shares.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: D |
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