Product Owner Essentials
In this course participants will gain an understanding of product mindset, practices, and structure needed for their success as the primary business contact representative who is responsible for bringing clarity to customer needs, prioritization of features /support, and maintaining the Product strategy for the Product team.
By successfully completing the Product Management essentials course, participants will understand the makeup of the Product Team, Roles & Responsibilities within a product organization, the Product & Agile processes from product inception to launching a product, the skills and mindset needed for a Product Owner, and how to successfully represent a Product.
- 1.
What is the difference between a Product Owner and Product Delivery Manager?
- A.
The Product Owner owns the 'What', and the Product Delivery Manager owns the 'How'
- B.
The Product Delivery Manager owns the 'What', and Product Owner owns the 'How'
- C.
The two roles share the responsibilities of both the 'What' and 'How'
- D.
None of the above are true
Correct Answer
A. The Product Owner owns the 'What', and the Product Delivery Manager owns the 'How' -
- 2.
When should the Empathy Mapping facilitation be utilized?
- A.
When needing customer understanding
- B.
When trying to see if your solution would make sense for the customer
- C.
When identifying new customers
- D.
When planning a sprint
Correct Answer
A. When needing customer understanding -
- 3.
When should the Journey Mapping facilitation be utilized?
- A.
When helping select a new tool to be used
- B.
When identifying new customers
- C.
When trying to identify ways to improve processes
- D.
When trying to determine necessary financing
Correct Answer
C. When trying to identify ways to improve processes -
- 4.
How do Customer Personas provide value?
- A.
Allows teams to focus on building features that customers are willing to pay for
- B.
Helps prioritize demand
- C.
Allows team to be more involved in brainstorming for future solutions
- D.
Provides insight into what tooling customers like
Correct Answer
A. Allows teams to focus on building features that customers are willing to pay for -
- 5.
What is a benefit of having a product mindset?
- A.
Instills singular accountability
- B.
Focuses on getting the customer to adopt
- C.
Focuses on resources, scope, time and overall cost
- D.
Focusing on aligning to an outcome
Correct Answer
D. Focusing on aligning to an outcome -
- 6.
Which of the following is not a key Characteristic of a Product Leader?
- A.
Innovative
- B.
Servant Leader
- C.
Empathetic
- D.
Technically Sound
Correct Answer
D. Technically Sound -
- 7.
Why is Project Management important in the Product Model?
- A.
Project Management helps manage dependencies across teams or products
- B.
Project Management is replaced by the Scrum Master
- C.
Project Management helps manage work outside of product teams
- D.
There is no Project Management in the Product Model
Correct Answer
A. Project Management helps manage dependencies across teams or products -
- 8.
What is a product?
- A.
A good or service that offers value to a customer
- B.
Something a customer is able to purchase
- C.
An application or software
- D.
All of the above are products
Correct Answer
A. A good or service that offers value to a customer -
- 9.
Which of the following is not a process step in Digital Product Ownership?
- A.
Ideate on Solutions
- B.
Create a Financial Plan
- C.
Launch the Product
- D.
Prototype and Test
Correct Answer
B. Create a Financial Plan -
- 10.
Which of the following is true about creating customer personas?
- A.
There doesn't need to be any discussion with customers before creating personas
- B.
There doesn't need to be any consideration of what customers are willing to pay for
- C.
Bias needs to be factored into personas
- D.
There need to be numerous personas to cover all customers
Correct Answer
D. There need to be numerous personas to cover all customers -
- 11.
Which of the following is not one of the responsibilities of the Product Owner
- A.
Stakeholder Engagement
- B.
Product Strategy
- C.
Product Execution
- D.
Monitoring of Product Performance
Correct Answer
C. Product Execution -
- 12.
Which is not one of the responsibilities of the Product Delivery Manager?
- A.
Implementing an agile mindset with the Product Team
- B.
IT Execution and Delivery
- C.
Management of Team Velocity & Capacity
- D.
Product Strategy and Roadmap Creation
Correct Answer
D. Product Strategy and Roadmap Creation -
- 13.
What is not one of the responsibilities of the Business Relationship Manager (BRM)?
- A.
Business Strategy & Capability Alignment
- B.
Product Strategy & Solutioning
- C.
Business Value Management
- D.
Business Unit Level Planning
Correct Answer
B. Product Strategy & Solutioning -
- 14.
What is not a responsibility of the Portfolio Manager?
- A.
Product Roadmap Development
- B.
Cross-product Strategy
- C.
Product Owner Development
- D.
Product Owner Evangelist
Correct Answer
A. Product Roadmap Development -
- 15.
What is not a responsibility of the Enterprise Architect?
- A.
Application Portfolio Management
- B.
Providing Technical Solutions
- C.
New Technology Introduction
- D.
Technology Standards & Governance
Correct Answer
B. Providing Technical Solutions -
- 16.
What process step should the Product Owner begin creating/editing their product roadmap?
- A.
Create Product Plan
- B.
Ideate on Solutions
- C.
Define the Opportunity
- D.
Execute on the Product
Correct Answer
A. Create Product Plan -
- 17.
What is not a key metric used to help determine if a product is successful or not?
- A.
Customer Satisfaction
- B.
Time to Value
- C.
Product Health
- D.
Revenue
Correct Answer
D. Revenue -
- 18.
Who is responsible for the strategy of IT applications?
- A.
Product Team
- B.
Product Owner
- C.
Enterprise Architect
- D.
IT Operations
Correct Answer
B. Product Owner -
- 19.
What is the difference between a Product and Application?
- A.
Applications enable products
- B.
Products enable applications
- C.
They are the same thing
- D.
Depends on the maturity of the product
Correct Answer
A. Applications enable products -
- 20.
What resources report to the Product Owner?
- A.
Analysts
- B.
Product Delivery Manager
- C.
Engineers
- D.
None of the above
Correct Answer
D. None of the above -
- 21.
Which of the following is not a type of customer facing portfolio?
- A.
External Customer
- B.
Internal Customer
- C.
IT for IT
- D.
Enterprise Customer
Correct Answer
B. Internal Customer -
- 22.
Who determines the prioritization of demand?
- A.
Product Owner
- B.
Product Team
- C.
Portfolio Manager
- D.
Stakeholders
Correct Answer
A. Product Owner -
- 23.
Which of the following is not a benefit of a product roadmap?
- A.
Development Transparency
- B.
Prioritization of Demand
- C.
Provides Stakeholders insights on when they will receive delivered stories/features
- D.
Helps drive sprint planning
Correct Answer
C. Provides Stakeholders insights on when they will receive delivered stories/features -
- 24.
Who is accountable for demoing Product Demos?
- A.
Analysts
- B.
Product Owner
- C.
Product Delivery Manager
- D.
Engineers
Correct Answer
B. Product Owner -
- 25.
Who determines when new work items should be released?
- A.
Product Team
- B.
Product Owner
- C.
Product Delivery Manager
- D.
Engineers
Correct Answer
C. Product Delivery Manager -
- 26.
What is the difference between a product and a project?
- A.
A project has a definitive start and end date, a product does not
- B.
A product has a roadmap, a project does not
- C.
A project requires financial planning, a product does not
- D.
All of the above
Correct Answer
A. A project has a definitive start and end date, a product does not -
- 27.
What is a Product Vision?
- A.
Depiction of the desired future state of the product
- B.
Insights into the upcoming sprint and what will be delivered
- C.
Depiction of who the product team is working with to help determine the future of the product
- D.
Description of the technology used to enable the product
Correct Answer
A. Depiction of the desired future state of the product -
- 28.
What is a Product Mission?
- A.
What the product plans to accomplish
- B.
Description of how the product team will execute on the product
- C.
A business case of the product
- D.
A summary of the product roadmap
Correct Answer
A. What the product plans to accomplish -
- 29.
Which of the following is not a piece of how the Product Owner is measured?
- A.
Clearly defined metrics and goals of the product
- B.
Product revnue
- C.
Being viewed as a trusted advisor with the business
- D.
Assessment and continuous monitoring of product insights
Correct Answer
B. Product revnue -
- 30.
True or False, a Product Owner can own more than one product
- A.
True
- B.
False
Correct Answer
A. True -
- 31.
True or false, a Product Team can be dedicated to more than one product
- A.
True
- B.
False
Correct Answer
B. False -
- 32.
True or false, a Product can have numerous Product Teams executing against it
- A.
True
- B.
False
Correct Answer
A. True -
- 33.
True or false, a Product Delivery Manager can manage numerous product teams
- A.
True
- B.
False
Correct Answer
B. False -
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Current Version
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Mar 18, 2022Quiz Edited by
ProProfs Editorial Team -
May 27, 2020Quiz Created by
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