PAL-EBM Free Certification Exam Material from ActualTestsQuiz with 112 Questions
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NEW QUESTION # 62
Your product is used by businesses of various sizes. A very large company, that is interested in your product, would like a set of features implemented if they were to purchase your product. As a customer, this company would significantly increase your revenue.
They also tell you that the features would improve your product and would win more customers. The requested features will be expensive and require extensive redesign. Also, you have not heard any similar feedback from any other customers or leads.
What is the most appropriate action?
Response:
- A. Devise workarounds that will satisfy their request without needing a product redesign.
- B. Create experiments to better understand their needs and possible alternatives.
- C. Implement the features in line with the request as they are an influential customer.
- D. Perform market research to evaluate the demand for the features within the broader market.
Answer: B
NEW QUESTION # 63
Which of the following is true about goals?
Response:
- A. Goals should be divided into sub-goals that can be assigned to specific teams.
- B. A good goal should not change.
- C. Goals do not need to be measurable as long as they can be divided into smaller goals that can be measured.
- D. None of the above.
- E. A good goal must be specific, measurable, realistic, actionable, and timely.
Answer: D
NEW QUESTION # 64
Which of the following provides you with the most valuable information about the value delivered by a product or service?
Response:
- A. How long it takes to fully deliver the product.
- B. All of the above.
- C. How much profit the product generates for the company.
- D. The outcomes of the solutions your product provides to your customers or users.
Answer: D
NEW QUESTION # 65
Your department has several teams working on different products at the same time. Which of the following would be the best approach if managers want to understand the status of each team?
Response:
- A. Have the teams standardize their estimation practices across all teams to make it easier to compare the performance of each team.
- B. Ask the teams to collaborate and develop a common way to share their goals and achievements toward their goals for each planning period.
- C. Have the teams created a comprehensive project plan and track their work against the plan.
- D. Have a common status reporting tool that each team will fill out and can be shared with the managers.
Answer: B
NEW QUESTION # 66
You are responsible for reviewing a list of proposals for new and innovative projects and deciding how your limited budget should be spent. Each proposal describes the benefits, costs, and risks.
The company you're working for doesn't have much experience in the business domain or technology of any of the ideas. This makes you skeptical about the accuracy of the claimed benefits and costs.
What is the best way to move forward?
Response:
- A. Do not fund any proposals you do not feel confident with.
- B. Fund the proposal that has the best cost to benefit ratio.
- C. Fund selective parts of each proposal to test the market, understand the need, and re-evaluate.
- D. Fund the proposal that has the least risk.
Answer: C
NEW QUESTION # 67
True or False: Running multiple concurrent experiments on a single product at the same time is an effective way of reducing costs and complexity.
Response:
- A. False
- B. True
Answer: A
NEW QUESTION # 68
Over a million customers use ABC company's product. ABC recently implemented and released a particular feature that they believed would be widely adopted by the users.
After gathering enough data from the test, it is concluded that the feature functions as intended however the usage rate was surprisingly low. What should ABC do?
Response:
- A. Deem the new feature unsuccessful and proceed to implement the next feature.
- B. Enlarge the sample size by extending the length of the original experiment.
- C. Devise a new experiment to learn whether usability issues are causing the problem.
Answer: C
NEW QUESTION # 69
An excellent strategic goal has what minimum essential characteristics?
(choose the best two answers)
Response:
- A. Measurable metrics can be applied to the achievement of the goal.
- B. The goal is clear about the specific needs it is trying to satisfy in order to meet the goal.
- C. The goal is actionable.
- D. The goal is achievable and realistic.
- E. A time frame commitment to the target completion date of the goal.
Answer: A,B
NEW QUESTION # 70
Which of the following statements is true:
(choose the best answer)
Response:
- A. Empirical approaches are best suited for simple problems.
- B. Delivering a solution and gathering feedback provides valuable insights for what to do next.
- C. Spending more time identifying and mitigating risk helps to increase the chance of success.
- D. The more time spent defining and reviewing project requirements helps to increase the chances of success.
Answer: B
NEW QUESTION # 71
Product A has a very high Net Promoter Score (NPS) and high market share. Product B has low NPS, low market share, but is in a growing market in which no other competitor has a significant market share.
Which product should you prioritize in funding?
(choose the best answer)
Response:
- A. Product A.
- B. Product B.
- C. None of the above.
Answer: B
NEW QUESTION # 72
True or False: Goals are only set during the time of annual strategic planning.
Response:
- A. False
- B. True
Answer: A
NEW QUESTION # 73
Product A is the main driver of both revenue and profit for your company; it has very happy customers (high Current Value) and low Unrealized Value. Product B is relatively new; it has low Current Value and high Unrealized Value.
Both Product Owners of the two products are requesting significant additional funding to improve their products. What do you do?
(choose the best answer)
Response:
- A. Split funding equally between both products.
- B. Split funding proportionally based on product revenues.
- C. Invest funding in Product B, because it has more future potential for the company.
- D. Invest funding in Product A, because your company's success depends on its continued success.
Answer: C
NEW QUESTION # 74
What could be a valid reason for an organization needing to apply empiricism for problem-solving?
Response:
- A. You have a high technical risk.
- B. All of the above.
- C. You have a high business risk.
- D. You are in a rapidly changing market.
- E. You are working with new technology that is unproven.
Answer: B
NEW QUESTION # 75
The main benefit of following an agile approach is to deliver solutions more quickly.
Response:
- A. False
- B. True
Answer: A
NEW QUESTION # 76
True or False: A product release is successful if it meets all Stakeholder requirements.
Response:
- A. False
- B. True
Answer: A
NEW QUESTION # 77
Which of the following would be a valid reason for an organization to consider implementing experiments?
Response:
- A. In order to vary and enrich the type of work a team does.
- B. All of the above.
- C. In order to apply empiricism in an agile transformation.
- D. In order to gain knowledge for solving complex problems.
Answer: D
NEW QUESTION # 78
What would be the best way to have multiple teams get started on a multi-product initiative?
Response:
- A. Have them start with what they have as they,ll self-organize and eventually figure out what to do.
- B. Let the teams know what time of reporting the business will be needing.
- C. Ensure that all features are assigned to the most suitable teams before getting started.
- D. Explain to them the goal of the initiative, how success will be measured, and together agree with how they will provide transparency.
Answer: D
NEW QUESTION # 79
A product improvement experiment is more effective when you know the following:
Response:
- A. How success will be measured.
- B. The customer satisfaction gap that the experiment is targeting.
- C. All of the above.
- D. The experiment,s target audience.
- E. What will be done to reduce the customer satisfaction gap that the experiment is targeting.
Answer: C
NEW QUESTION # 80
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