Strategic Planning Flashcards

What is the main purpose of a Minimum Viable Product (MVP)?

Answer: To learn from real users with the smallest useful release

An MVP validates assumptions with real users using the least effort needed to learn.

A Minimum Marketable Feature (MMF) differs from an MVP mainly because an MMF is:

Answer: The smallest piece of functionality that delivers value customers will pay for or use

An MMF is the smallest unit of functionality that provides real, marketable value to customers.

During release planning, the team realizes the target date cannot accommodate all 'Must have' stories. What is the most agile response?

Answer: Collaborate with the product owner to adjust scope or the date based on value

Agile teams make trade-offs transparently with the product owner, typically flexing scope against a fixed timebox.

Which statement about a product vision is most accurate?

Answer: It is a concise statement of the product's purpose that guides decisions

A product vision is a brief, inspiring statement of purpose that aligns stakeholders and guides prioritization.

A team estimates release scope using an elevator statement, a product box, and a 'design the box' exercise. What are these activities for?

Answer: Defining and communicating the product vision

Elevator pitches and product box exercises help stakeholders articulate a shared product vision.

Which metric is most useful for showing both completed work and changes in total scope over a release?

Answer: Burnup chart

A burnup chart plots completed work and total scope as separate lines, making scope changes visible.

In MoSCoW prioritization, what does 'W' stand for?

Answer: Won't have this time

'W' means 'Won't have this time', items explicitly excluded from the current release.