QUESTION: 25

What is the most important information to communicate in a product Vision?

How life/work will improve by using this Solution
Architecture requirements
The new technology platform requirements
The target release date

Answer(s): A

Explanation:

A product vision is a description of the future state of the product and what problems it tries to solve or what ambitions it tries to fulfill. The most important information to communicate in a product vision is how life/work will improve by using this solution. This information captures the value proposition and the benefit hypothesis of the product, which reflect the needs and expectations of the customers and the stakeholders. This information also inspires and motivates the people who work on the product, as well as the potential users of the product. This information sets the direction and the purpose of the product, and guides the development and delivery of the features and capabilities.

Reference:

Vision - Scaled Agile Framework
Solution Vision - Scaled Agile Framework
Product Vision | Agile Product Management

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QUESTION: 26

Which aspect of whole-product thinking captures a Customer's price sensitivity?

Augmented product
Potential product
Expected product
Generic product

Answer(s): C

Explanation:

The expected product is the aspect of whole-product thinking that captures a Customer's price sensitivity.
Whole-product thinking is a framework that helps to define and deliver a complete solution that meets the Customer's needs and expectations.
Whole-product thinking consists of four levels: generic product, expected product, augmented product, and potential product. The expected product is the level that includes the basic features and benefits that the Customer expects from the product, and that determines the Customer's willingness to pay for the product. The expected product reflects the Customer's price sensitivity, which is the degree to which the Customer's behavior is influenced by the price of the product.

Reference:

Customer Centricity - Scaled Agile Framework
Analysis of the Effects of Perceived Value, Price Sensitivity, Word-of ... Pricing Sensitivity: Meaning, Calculation & Strategy | Qualtrics Which aspect of whole-product thinking captures a Customer's price ...

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QUESTION: 27

Which statement is true about the business model canvas (BMC)?

It is a tool to describe what value the business will create
It is a tool to describe and evolve how value will be created
If a product does not generate revenue, a BMC is not useful
It only works for businesses, not for products

Answer(s): B

Explanation:

The BMC is a strategic management tool that lets you visualize and assess your business idea or concept. It consists of nine boxes that represent different fundamental elements of a business, such as customer segments, value propositions, channels, and cost structure. The BMC helps you to design, analyze, optimize, and communicate your business model, and to test and iterate it as you learn from the market feedback. The BMC can be used for any type of business or product, regardless of whether it generates revenue or not, as long as it delivers value to the customers.

Reference:

Business Model Canvas - Wikipedia: This article from Wikipedia explains the concept and history of the BMC, and describes its nine building blocks and their relationships.

Business Model Canvas: Explained with Examples | Creately: This article from Creately provides a detailed guide on how to create a BMC, with examples and templates for different types of businesses and products.
Business Model Canvas Download the Official Template: This website from Strategyzer offers the official template and online courses, books, and webinars to master the BMC.

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QUESTION: 28

Which research game is primarily used to better understand Customer needs?

Buy a Feature
Prune the Product Tree
Spider Web
Show and Tell

Answer(s): A

Explanation:

Buy a Feature is a research game that involves presenting customers with a list of possible features for a product or service, and giving them a limited budget to spend on their preferred ones. This game helps to understand customer needs, priorities, trade-offs, and willingness to pay. It also encourages collaboration and discussion among customers, and generates feedback and insights for the product team.

Reference:

Buy a Feature: This article from the Scaled Agile Framework explains the purpose, process, and benefits of the Buy a Feature game, and provides an example of how it can be used in a SAFe context. Buy a Feature: The Game that Teaches Prioritization: This article from Innovation Games describes the rules, variations, and outcomes of the Buy a Feature game, and provides tips and resources for facilitating it.
Customer Needs Analysis: Definition & Research Methods: This article from Qualtrics XM provides an overview of customer needs analysis, and discusses various research methods, including Buy a Feature, to identify and understand customer needs.

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Free SAFe-APM Exam Braindumps (page: 7)

QUESTION: 25

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QUESTION: 26

Explanation:

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QUESTION: 27

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QUESTION: 28

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