Software Product Engineering: Product Portfolio Management Activities
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Questions and Answers

What is the primary responsibility of a product manager in the context of product portfolio management?

  • Analysing whether available resources will be sufficient for projects in the pipeline
  • Undertaking proper management of all activities involved in new product development projects
  • Identification and continuous monitoring of product value
  • Continuous selection and improvement of opportunities for new product development (correct)

Which of the following activities involves analysing the risks and uncertainties associated with all opportunities?

  • Pipeline management
  • Product portfolio maximization (correct)
  • Project management
  • Product value identification

Which of the following is a common stakeholder interaction in product management?

  • Continuous monitoring of activities and resourceful planning
  • Scenario analysis like what-if analysis
  • Meeting targets and schedules
  • Deciding the commencement of projects with clients (correct)

What is the main deliverable of a product manager in the context of product portfolio management?

<p>Identification and continuous monitoring of product value (C)</p> Signup and view all the answers

What does triage refer to in the context of product portfolio management?

<p>Identification and prioritization of projects based on their importance and urgency (D)</p> Signup and view all the answers

What is the primary purpose of implementing ROI models for new products in firms?

<p>To justify considering the product into the firm's product portfolio (A)</p> Signup and view all the answers

What is the significance of product portfolio management in relation to 'Go Errors'?

<p>Identifying potential limitations and weaknesses to avoid 'Go Errors' (A)</p> Signup and view all the answers

How does product portfolio management contribute to avoiding 'Drop Errors'?

<p>Identifying potential and strengths of the product (B)</p> Signup and view all the answers

What is one of the benefits of innovation ROI maximization mentioned in the text?

<p>Maximizing the return on investments for innovation activities (D)</p> Signup and view all the answers

How does centralized planning benefit firms in product management?

<p>Helping in centralized platform for product planning (B)</p> Signup and view all the answers

What is the primary goal of Product Portfolio Management?

<p>To maximize the value of current ongoing projects (D)</p> Signup and view all the answers

How does Portfolio Management for new products differ from traditional project management?

<p>It involves selecting and prioritizing new projects (A)</p> Signup and view all the answers

In the context of Software Product Management, what happens in the Triage process?

<p>Prioritization and resource allocation of projects (C)</p> Signup and view all the answers

What is a core responsibility of a Product Manager in a software development company?

<p>Allocating resources to achieve innovation goals (B)</p> Signup and view all the answers

How does the Product Manager contribute to maximizing the value of new product development ideas?

<p>By effectively managing Product Portfolio Management (D)</p> Signup and view all the answers

What is the primary responsibility of a product manager in the engineering lifecycle?

<p>Ensuring user needs are translated into terms that the engineering team understands and implements (A)</p> Signup and view all the answers

What is the purpose of Product Portfolio Management in the context of new product development?

<p>Effectively managing new product development ideas and maximizing the value of current ongoing product development projects (A)</p> Signup and view all the answers

What is the role of a product manager in managing the product release and schedule?

<p>Ensuring the product release and schedule is met as per market demands (C)</p> Signup and view all the answers

What is the definition of a pipeline in the context of product management?

<p>A project that is about to start in the recent future and is undergoing top management level considerations (A)</p> Signup and view all the answers

What is the primary responsibility of a product manager in triage?

<p>Ensuring only a few product teams require only title, description, severity, module, revision number to be entered for bug tracking (B)</p> Signup and view all the answers

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