A mature product with a stable user base is experiencing a gradual decline in customer satisfaction. The Scrum Team's velocity is consistent, and they are delivering features as planned. Evidence-Based Management (EBM) metrics show high Current Value (CV) but increasing Time to Market (T2M) and a low Ability to Innovate (A2I) due to mounting technical debt. Which of the following is the most effective first step for the Product Owner to take?
A Product Owner is managing a new product in a highly competitive market. The initial release has gained some traction, but user feedback is mixed and the path to profitability is unclear. The organization has a low tolerance for risk. According to the principles of empiricism, which strategies should the Product Owner employ? (Select THREE)
During a Sprint Review, the head of the sales department, a key stakeholder, expresses disappointment that a specific feature they championed was not delivered. They argue that their request should have taken precedence over everything else. The Product Owner had previously explained that other work was ordered higher in the Product Backlog to achieve the Product Goal. What is the most constructive action for the Product Owner to take?
True or False: The Product Owner is solely responsible for writing all user stories and acceptance criteria for the Product Backlog.
A Product Owner is struggling to communicate the long-term direction of their product. Stakeholders are confused about how the upcoming Sprints connect to the overall business objectives. The Scrum Team feels like they are working on a random assortment of features. Which Scrum artifact or concept should the Product Owner introduce or clarify to address this?
**Case Study** FinSecure, a mid-sized financial services company, has been developing a new wealth management platform for two years using a traditional waterfall approach. The project is over budget and behind schedule. To salvage the effort, the company decides to adopt Scrum and appoints you as the Product Owner for the platform. You inherit a 500-page requirements document and a group of stakeholders from compliance, sales, and operations who are accustomed to providing requirements and receiving finished software a year later. They are skeptical of the iterative approach. The development team is newly formed, composed of talented but siloed specialists (frontend, backend, database) who have never worked in a cross-functional way. Executive leadership has given you three months to 'show significant progress' and 'deliver tangible value' to restore their confidence in the product. The immediate pressure is to launch a Minimum Viable Product (MVP) that can be used by a pilot group of high-net-worth clients. Your first Sprint Planning is in one week. The stakeholders have different, conflicting ideas about what constitutes the most important features for the MVP. The compliance department insists that extensive security and reporting features must be built first, while the sales team is demanding client-facing portfolio visualization tools. The team estimates that building the full suite of compliance features alone would take more than the three months allotted by leadership. Given this situation, what is the most effective first step for you as the Product Owner to take to align stakeholders and set the team up for a successful first Sprint?
A Scrum Team is consistently unable to complete all the work they select during Sprint Planning. This results in spillover and frequent adjustments to the Sprint Backlog mid-sprint. The Developers state that the Product Backlog Items are often ambiguous and larger than they first appear. What is the most likely cause of this issue?
A Product Owner is presenting a forecast to stakeholders for a major release six months away. Which of the following is the BEST way to represent this forecast to be both transparent and empirical?
A product has been in the market for several years. The Product Owner wants to assess its value and determine future investment strategy. Which Key Value Areas (KVAs) from Evidence-Based Management would be most relevant for understanding the product's current performance and its future potential? (Select TWO)
The Scrum values are Commitment, Courage, Focus, Openness, and Respect. Which value is a Product Owner primarily demonstrating when they decide to remove a feature from the Product Backlog that is a favorite of a powerful stakeholder, because data shows it provides little value to most users?