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PMI-ACP > Value-Driven Delivery > Flashcards

Value-Driven Delivery Flashcards

Deliver valuable results by producing high-value increments for review, early and often, based on stakeholder priorities. Have the stakeholders provide feedback on these increments, and use this feedback to prioritize and improve future increments.

1
Q

What does Red-Green-Clean stand for?

A

In TDD:

  • test fails (red)
  • test passes (green)
  • refactor (clean)
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2
Q

What is the Gulf of evaluation?

A

The difference between what is said and what is understood

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3
Q

In this test, the tester tries to discover issues and unexpected behaviour

A

Exploratory testing

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4
Q

In this test it is evaluated how the user will respond to the system under realistic conditions

A

Usability testing

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5
Q

Why use continuous integration?

A

For immediate feedback on bugs/defects

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6
Q

What is ROI?

A

Return on Investment (ROI) is the profitability of a project

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7
Q

In value calculation, what is the Present value (PV)?

A

The calculation of a future amount in today’s terms given an assumed interest rate and inflation rate

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8
Q

In value calculation, what is the Future value (FV)?

A

The calculation of a present amount in today’s terms given an assumed interest rate and inflation rate

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9
Q

In value calculation, what is the Net present value (NPV)?

A

Present value of a revenue stream over a series of time periods

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10
Q

In value calculation, what does the Internal rate of return (IRR) represent?

A

Determines the point where the project is profitable (when positive)

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11
Q

In value calculation, how can the Earned Value (EV) be calculated?

A

Percent Complete times Budget at Completion (BAC)

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12
Q

In value calculation, how can the Cost Performance Index (CPI) be calculated?

A

Earned Value (EV) divided by the Actual Costs (AC)

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13
Q

In this contract form, the vendor gets paid a higher hourly rate if it is able to deliver early

A

Graduated fixed-price contract

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14
Q

How complete must a Minimum Viable Product (MVP) be?

A

Complete enough to be useful, but small enough that it does no represent the entire project

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15
Q

How can Work in Progres (WIP) be a problem?

A

It requires investment, but delivers no return until the work is complete

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16
Q

What is the use of a Cumulative Flow Diagram?

A

It helps tracking and forecasting the delivery of value

17
Q

What is the MoSCoW prioritization scheme?

A
  • Must have
  • Should have
  • Could have
  • Would like to have, but not at this time
18
Q

What does the Kano Analysis help to identify?

A
  • Basic needs (dissatisfiers)
  • Performance needs (satisfiers)
  • Attractive needs (delighters)
19
Q

The longer a project lasts the more opportunity for what?

A

Risk

20
Q

What is value-driven delivery?

A

Having knowledge about delivering valuable results by producing high-value increments for reviews based on stakeholders’ priorities.

21
Q

What are the key elements of Value driven delivery?

A
  • Incremental Development
  • Risk control
  • Prioritization
  • Define Positive Value
22
Q

How can an organization using Agile utilize competitive advantage over others and realize value earlier?

A

Delivering work incrementally

23
Q

On what basis should a team’s process be improved?

A

On the basis of the team’s experiences and organization preferences.

24
Q

In terms of Agile project management, how can prioritization be defined?

A

The process where customers organize product backlog for implementation based on the perceived values.

25
Q

If the Agile management intends to determine how much a project has progressed in terms of realization of values by the team, which tool should be used?

A

Earned Value Management

26
Q

In Customer-valued Prioritization, what does the value prioritization scheme CARVER stand for?

A
  • Criticality – how important to be done upfront
  • Accessibility – can work on it immediately? or depends on other work / skills?
  • Return – ROI / NPV / IRR
  • Vulnerability – how easy to achieve the desired results?
  • Effect – what are the effects on the project (help moving towards the goal of the project)?
  • Recognizability – have the goals been clearly identified?
27
Q

The conformity of a product to a rule such as in specification, policy, standard or law is known as ____.

A

Compliance

28
Q

In Value-Driven Delivery, how is Positive Value achieved?

A
  • Define deliverables to be developed incrementally
  • Refine requirements by gaining consensus on the acceptance criteria
  • Select and tailor the team’s process
29
Q

In Value-Driven Delivery, how to Avoid Potential Downsides?

A
  • Plan for small releasable increments by building MVPs
  • Limit increment size and increase review frequency with appropriate stakeholders
  • Solicit customer and user feedback
30
Q

In Value-Driven Delivery, how to do Prioritization?

A
  • Prioritize units of work with stakeholders
  • Perform frequent review and maintenance of the work results
  • Continuously identify environmental, operational and infrastructure factors
31
Q

In Value-Driven Delivery, how to do Incremental Development?

A
  • Conduct operational reviews with stakeholders
  • Balance development of deliverable units and risk reduction efforts
  • Re-prioritize requirements periodically
  • Elicit and prioritize relevant non-functional requirements (such as performance and security)
  • Run frequent inspections, tests and reviews of the product
32
Q

Basically, what are the Dot voting/monopoly money/100 point methods?

A

Games to be played with stakeholders where they put their limited number of dots/money/points on certain features from the product backlog

33
Q

What is Little’s law?

A

“the duration of a queue is proportional to its size” -> by limiting the WIP, teams can complete work faster

34
Q

What is DSDM contracting?

A
  • joins Rapid Application Development (RAD) and waterfall
  • fixed schedule, cost and quality
  • follows agile framework
35
Q

In this contract form, the vendor gets paid the same for doing a certain job, independent of how much time it took

A

Fixed-price work packages

PMI-ACP (8 decks)

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