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Questions and Answers
What is the primary purpose of a product strategy?
Which of the following is NOT a step in creating a product roadmap?
Why is it important to gain alignment with stakeholders during the product roadmap process?
How should a product roadmap be treated after its initial creation?
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What is the first step in the product roadmap creation process?
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What characterizes periodic deliveries in project management?
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Which of the following is an example of continuous delivery?
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Which factor does NOT differ between development approaches?
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What is a key feature of an iterative approach to project management?
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In project management, how does incremental development build upon previous work?
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Which phase is not part of the predictive life cycle?
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What does the term cadence refer to in project management?
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Which approach best emphasizes quick and safe delivery of features?
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What is the main purpose of stakeholder analysis in project management?
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Which category describes a stakeholder who is aware of the project but neither supportive nor resistant?
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What should be included in a project charter?
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Which of the following is NOT an example of enterprise environmental factors?
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What is the significance of maintaining confidentiality regarding stakeholder information?
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What should a project charter summarize regarding project costs?
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Which of these is considered an organizational process asset?
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What is a key characteristic of a leading stakeholder?
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What is the primary business goal related to hiring within a year?
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What is the targeted reduction in employee turnover as a business goal?
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Which of the following is NOT included in the project charter format?
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What is the purpose of a product backlog in project management?
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According to the Scrum framework, who typically attends most meetings?
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What is the time frame for potential new hires to complete assessments or courses?
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Which format does a user story typically follow?
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What is the goal for current workers to complete at least one course?
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What is the primary purpose of a product release plan?
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Which of the following is NOT a part of the project management process groups?
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What is a crucial activity in the initiating phase of the predictive approach?
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Which factor is essential for project success according to the summary?
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What differentiates the agile approach from the predictive approach during initiation?
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In the context of product development, what does 'cadence' refer to?
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Which activity is part of both the agile and predictive approaches?
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Which of the following best describes the purpose of creating an assumptions log?
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Study Notes
Development Approaches
- Development approaches can range from predictive to agile
- Predictive approaches involve defining requirements upfront and delivering products in a planned, sequential manner
- Agile approaches are more adaptive and involve delivering products in shorter cycles, with frequent feedback and adjustments
- Key factors in distinguishing development approaches:
- Definition of requirements - Degree of detail and clarity of requirements
- Delivery cadence - Frequency of product deliveries
- Change incorporation - How changes are incorporated throughout the project
- Stakeholder involvement - Level of engagement and influence of stakeholders
- Risk and cost management - Approaches for managing and mitigating risks, and controlling costs
- Iterative approaches allow for customer feedback after each iteration, typically in a set timeframe (e.g., weekly, monthly)
- Incremental approaches build upon previous increments, progressively delivering features or functionality
Project Lifecycles
- Predictive project lifecycle includes phases: feasibility, design, build, test, deploy, close
- Agile project lifecycle emphasizes iterative and incremental development, with shorter cycles and continuous feedback
Project Initiation
- Stakeholders - Individuals or groups who have an interest in the project and its outcomes
- Stakeholder Analysis - Used to understand stakeholder interests, expectations, and potential impact on the project
-
Types of Stakeholders
- Unaware - Unaware of the project and its potential impact
- Resistant - Aware of the project but resist change
- Neutral - Aware of the project but neither supportive nor resistant
- Supportive - Aware and supportive of changes related to the project
- Leading - Actively engaged in project success, understand potential impact, and are influential
- Project Charter - Document that outlines the project goals, scope, resources, stakeholders, and key milestones
-
Project Charter Contents
- Project title and authorization date
- Project manager's name and contact information
- Summary schedule or timeline
- Estimated project cost and budget allocation
- Project objectives description
- Project success criteria and approval requirements
- Planned approach for managing the project
- Enterprise Environmental Factors - External factors beyond the project team's control that can influence the project (e.g., legal requirements, market conditions, organizational culture)
- Organizational Process Assets - Resources like plans, processes, policies, procedures, and knowledge bases (e.g., templates, lessons-learned reports) that are relevant to the project
- Assumption log - Document stating assumptions underpinning the project, including potential risks if these assumptions are not met
Product Strategy
- Product Strategy - High-level plan defining the organization's goals for a product and how it will be achieved
- Product Roadmap - Strategic plan for product development, outlining key milestones, releases, and timelines
-
Creating a Product Roadmap
- Breakdown the product vision into specific, achievable business goals
- Prioritize those goals based on importance and urgency
- Translate top priorities into strategic steps on the roadmap
- Gain alignment with stakeholders to ensure everyone understands the plan
- Stay on track with prioritization, even as new needs or issues arise
-
Example of product strategy and roadmap
- Goal: Improve the company's talent acquisition and development
- Strategic steps:
- Increase hiring of skilled workers
- Improve employee retention
- Develop high-need courses
- Encourage adoption of learning opportunities by potential and existing employees
Product Backlog and Estimation
- Product backlog - An ordered list of items (features, requirements) that are needed to develop and refine the product, categorized by priority
-
User story - A description of what a user wants from a product or solution, often using the format: "As a
, I want , so that "
Product Release Plan
- Product release plan - A tactical plan for developing specific product features, releases, and timelines, with a shorter duration (e.g., a few months)
- Purpose - Serves as an internal guide for development teams, with updates based on feedback and sprint outcomes
Chapter Summary
- Development approaches - Factors to consider: requirements definition, delivery frequencies, change management, stakeholder engagement, and risk and cost control
- Project management process groups - Initiating, planning, executing, monitoring & controlling, and closing
- Initiating activities in predictive approach - Identifying stakeholders, creating project charter, assumptions log, and conducting a kick-off meeting
- Initiating activities in agile approach - Creating project charter, stakeholder register, stakeholder analysis, holding a kick-off meeting, creating the initial product backlog, estimating backlog size, and creating a high-level product release plan
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Description
Explore the various development approaches in software engineering, ranging from predictive to agile methodologies. Understand how factors like requirements definition, delivery cadence, and stakeholder involvement influence the choice of these approaches. This quiz will test your knowledge on iterative and incremental methods, as well as their management aspects.
