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APM 5.0.1 > Lesson 7 - Delivering $$$ > Flashcards

Lesson 7 - Delivering $$$ Flashcards

1
Q

What promotes flow on a Kanban board?

  • WIP Limit (Work in Progress)
  • Explicit process policies
  • Idle time
  • Cycle time
A

What promotes flow on a Kanban board?

WIP Limit (Work in Progress)

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2
Q

What is the closed loop system to keep the ART moving forward?

  • Program events
  • Business objectives
  • Feedback cycles
  • Decentralized decision making
A

Program events are the closed loop system to keep the ART moving forward.

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3
Q

Program Kanban: Which Step Are You IN?

The first WIP limit is imposed.

  • Funnel
  • Implementing
  • Analyzing
  • Validating
A

The first WIP limit is imposed.

Analyzing

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4
Q

Product Management prioritizes what class of work?

  • Design
  • Content
A

Product Management prioritizes Content.

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5
Q

How much does a story point cost?

PI has 5 Iterations

The team does 125 points per PI

The Team cost is $100K per iteration

A

PI has 5 Iterations

A team does 125 points per PI

Thus the assumption (until proven otherwise) is the team does 25 points per iteration.

The team costs $100K per iteration

$100,000 / 25 points = $4,000 per point

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6
Q

Program Kanban: Which Step Are You IN?

All new features welcome.

  • Funnel
  • Implementing
  • Analyzing
  • Validating
A

All new features welcome.

Funnel

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7
Q

Program Kanban: Which Step Are You IN?

Highest priority features have been approved by Product Management for PI Prep discussions.

  • Deploying
  • Implementing
  • Analyzing
  • Program backlog
A

Highest priority features have been approved by Product Management for PI Prep discussions.

Program backlog

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8
Q

What is the key to improving economic outcomes?

  • Customer Feedback Cycles
  • Lean Business Cases
  • Horizon Planning Models
  • Job Sequencing
A

Job sequencing is the key to improving economic outcomes.

Hence WSJF, Kano, MoSCoW and the like…

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9
Q

The goal of the Management Review meeting is for Product Managment and Business Owners to discuss adjusting what two things:

  • Scope
  • Team alignment
  • Capacity
  • Objectives
  • System Demos
  • Dependencies
A

The goal of the Management Review meeting is for Product Managment and Business Owners to discuss adjusting Scope and Objectives.

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10
Q

Estimating…

  • is about bringing clarity.
  • is a series of refinements.
  • is the first step in cost control.
  • is a driver for predictability.
A

Estimating…

is a series of refinements.

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11
Q

What is designed to help the business select the next best job for features?

  • WSJF
  • Objectives
  • Vision
  • Roadmap
A

What is designed to help the business select the next best job for features?

WSJF

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12
Q

What’s Missing: Business Objectives need to be

  • Specific
  • Measurable
  • Achievable
  • Realistic
  • ________
A

Business Objectives need to be:

Specific

Measurable

Achievable

Realistic

Time-bound

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13
Q

Program Kanban: Which Step Are You IN?

The ART pulls the top features for work.

  • Funnel
  • Implementing
  • Analyzing
  • Program backlog
A

The ART pulls the top features for work.

Implementing

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14
Q

The primary focus of the PO sync is:

  • Clearing dependencies.
  • Updates of the features and stories.
  • Meeting the PI Objectives.
  • Impediments escalations.
A

The primary focus of the PO sync is meeting the PI Objectives.

Maximizing Customer Value.

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15
Q

Epics are broken down into features during which Portfolio Kanban stage?

  • Portfolio backlog
  • Analysis
  • Review
  • Funnel
A

Epics are broken down into features during which Portfolio Kanban stage?

Analysis

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16
Q

What type of estimate?

Buttom up, tracked.

  • Actual
  • Preliminary
  • Refined
A

Buttom up, tracked.

Actual

17
Q

Is a form of ROI but not the same as a full broken down business case.

  • MVP
  • WSJF
  • Business Objectives
  • Benefit Hypothesis
A

WSJF is a form of ROI but not the same as a full broken down business case.

18
Q

What’s Missing: Business Objectives need to be

  • Specific
  • Measurable
  • Achievable
  • _________
  • Time-bound
A

Business Objectives need to be:

Specific

Measurable

Achievable

Realistic

Time-bound

19
Q

WSJF should start with:

Pick the highest value of a 40 and work down.

Pick a middle value like a 5 or 8 and work out from center.

Pick the lowest value of a 1 and work up.

A

WSJF should start with picking the lowest value of a 1 and work your way up with relativity.

20
Q

Which WSJF stakeholder is missing?

Business Owners, Product Managers, System Architects…..and….. ___________

A

Business Owners, Product Managers, System Architects and

Product Owners

21
Q

Kanban board columns represent what?

  • People
  • Steps
  • Status
  • Ownership
A

Kanban board columns represent steps

22
Q

What determines how and when a work item moves across a Kanban board?

  • WIP (Work in Progress)
  • Explicit process policies
  • Idle time
  • Cycle time
A

What determines how and when a work item moves across a Kanban board?

Explicit process policies

23
Q

What decides if an Epic needs created?

  • Economic thresholds
  • Company policy
  • Spanning multiple trains
  • Too many dependencies
A

What decides if an Epic needs created?

Economic thresholds

24
Q

Architecture prioritizes what class of work?

  • Design
  • Content
A

Architecture prioritizes Design.

25
Q

What aligns investments with revenue and market rhythms?

  • Architectural Runway
  • WSJF
  • Portfolio Threshold
  • Horizon Planning
A

WSJF aligns investments with

revenue (BV) and market rhythms (TC & RR/OE).

26
Q

Program Kanban: Which Step Are You IN?

First time of WSJF

  • Funnel
  • Implementing
  • Analyzing
  • Program backlog
A

First time of WSJF

Analyzing

27
Q

What’s Missing: Business Objectives need to be

  • Specific
  • Measurable
  • __________
  • Realistic
  • Time-bound
A

Business Objectives need to be:

Specific

Measurable

Achievable

Realistic

Time-bound

28
Q

What’s Missing: Business Objectives need to be

  • Specific
  • ___________
  • Achievable
  • Realistic
  • Time-bound
A

Business Objectives need to be:

Specific

Measurable

Achievable

Realistic

Time-bound

29
Q

Which artifact is used to create the Architectural Runway?

  • Visions
  • Enablers
  • Objectives
  • Strategic Themes
A

Which artifact is used to create the Architectural Runway?

Enablers

30
Q

What type of estimate?

Typically done by the teams, uses historical data to compare.

  • Actual
  • Preliminary
  • Refined
A

Typically done by the teams, uses historical data to compare.

Refined

31
Q

Feature estimates are brought together into the Epic as part of what?

  • MVP
  • Lean Business Case
  • Capability
  • Objectives
A

Feature estimates are brought together into the Epic as part of what?

Lean/Lightweight Business Case

32
Q

The primary focus of the SoS is:

  • Clearing dependencies.
  • Updates of the features and stories.
  • Meeting the PI Objectives.
  • Scope negotiation
A

The primary focus of the SoS is clearing dependencies (or impediments).

Maximizing Flow and decentralized decision making, that’s why only the RTE facilitates (not the PM).

33
Q

Product Management and Architecture agree to prioritize work in what way?

  • Highest speed of return and quickest delivery.
  • Best product adoption and lowest barrier of entry.
  • Maximum customer value.
  • Top analytical based usage patterns.
A

Product Management and Architecture agree to prioritize work for maximum customer value.

34
Q

What is the lowest level the PMs typically are involved in Definitions of Done?

  • Level 1: Release
  • Level 2: Solution Increment
  • Level 3: System Increment
  • Level 4: Team Increment
A

Level 1: Release (Turning on functionality)

Level 2: Solution Increment

Level 3: System Increment

POs primarily do this with the teams.

Level 4: Team Increment

Deployments of assets MIGHT happen here.

35
Q

What’s Missing: Business Objectives need to be

  • __________
  • Measurable
  • Achievable
  • Realistic
  • Time-bound
A

Business Objectives need to be:

Specific

Measurable

Achievable

Realistic

Time-bound

36
Q

True or False

Teams on a train operate independantly.

A

False

The demo-plan-learn TOGETHER.

37
Q

Lean Business Cases are for:

Building concensus on the things we must do.

Funding the things we must do.

Defining the things we must do.

Prioritizing the things we must do.

A

Lean Business Cases are for prioritizing the things we must do.

38
Q

What type of estimate?

Typically done by product management, relative sizing.

  • Actual
  • Preliminary
  • Refined
A

Typically done by product management, relative sizing.

Preliminary

39
Q

Definition: The hidden costs (either labor or inventory) that can drive up the cost of manufacturing a product.

  • Estimated
  • Actual
  • Support
  • Burdened
A

Burdeded Cost

The hidden costs (either labor or inventory) that can drive up the cost of manufacturing a product.

APM 5.0.1 (9 decks)

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