Chapter 3 - Value-Driven Delivery

Question 1

Which technique is used to calculate process cycle efficiency?

Answer 1

Value Stream Mapping

Question 2

What’s the formula for calculating process cycle efficiency?

Answer 2

Total value-add time / Total cycle time

Question 3

What’s the “Monopoly Money”?

Answer 3

A prioritization scheme

Question 4

What’s the name of the prioritization scheme that classifies in “Must Have”, “Should Have”, “Could Have”, “Would like to have”?

Answer 4

MoSCoW

Question 5

What are the 4 priority categories of the Kano Analysis?

Answer 5

Exciters, Satisfiers, Dissatisfiers, Indifferent

Question 6

What are the available prioritization schemes?

Answer 6

Simple schemes, MoSCoW, Monopoly Money, 100-Point Method, Kano Analysis, Requirements Prioritization Model

Question 7

Which factors are taken into account in the Requirements Prioritization Model?

Answer 7

Benefit, Penalty, Cost and risk of proposed feature

Question 8

Which prioritization method doesn’t use ANY categories?

Answer 8

Relative Prioritization / Ranking

Question 9

Which technique is used to depict Product Roadmaps?

Answer 9

Story Maps

Question 10

How to construct a Risk-Adjusted Backlog?

Answer 10

Assign business value to each feature and rate the Expected Monetary Value of each risk. Then, add risks to the Product Backlog

Question 11

What is Expected Monetary Value?

Answer 11

Risk Impact ($) x Probability (%)

Question 12

What are the 2 principles of a “money for nothing and change for free” type contract?

Answer 12

1. Customer can change as long as overall costs same

2. Early termination at a cost of % remaining contract value

Question 13

What are the principles of a “Graduated Fixed Price Contract”?

Answer 13

Variable rate depending on finish time (early, on time, late)

Question 14

What are the 4 types of Agile contracts?

Answer 14

DSDSM contract, Money for Nothing and Change for Free, Graduated Fixed Price Contract, Fixed Price Work Packages, Customized Contracts

Question 15

What is a Kanban board?

Answer 15

A board with 3 task columns: To Do, In Progress and Done

Question 16

What is WIP Limits?

Answer 16

A technique for reducing the WIP e.g. by limiting the space for WIP items on a Kanban board

Question 17

What is the aim of WIP Limits?

Answer 17

To optimize throughput of work (not resource utilization).

Question 18

What are the key benefits of Incremental Delivery?

Answer 18

Early ROI + identify defects early

Question 19

What is the objective of “Customer-Valued Prioritization”?

Answer 19

To ensure we’re working on the items that yield the highest value to the customer

Question 20

What does IKIWISI mean?

Answer 20

I’ll Know It When I See It. Meaning that requirements are often identified during demos

Question 21

Formula of SPI?

Answer 21

Completed Features / Planned Features

Question 22

Formula of CPI?

Answer 22

Earned Value (value of completed features to date) / Actual Costs

Question 23

What metrics are shown in Cumulative Flow Diagrams (CFD)?

Answer 23

Total work, in progress work, Completed Work

Question 24

What does Little’s Law say?

Answer 24

Cycle times (time to complete work) is proportional to the size of the WIP queue

Question 25

NEED TO REVIEW CONCEPT OF CFDs

Answer 25

NEED TO REVIEW CONCEPT OF CFDs

Question 26

What are Risk Burn Down Graphs?

Answer 26

stacked area graphs of cumulative project risk severity

Question 27

What are the main areas of PMI Code of Ethics?

Answer 27

Responsibility, Respect, Fairness, Honesty