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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
What **aligns** investments with revenue and market rhythms? * Architectural Runway * WSJF * Portfolio Threshold * Horizon Planning
WSJF aligns investments with **revenue (BV)** and **market rhythms (TC & RR/OE).**
26
**Program Kanban:** Which Step Are You **IN?** **First time of WSJF** * Funnel * Implementing * Analyzing * Program backlog
**First time of WSJF** **Analyzing**
27
**What's Missing: Business Objectives** need to be * Specific * Measurable * \_\_\_\_\_\_\_\_\_\_ * Realistic * Time-bound
**Business Objectives** need to be: Specific Measurable **Achievable** Realistic Time-bound
28
**What's Missing: Business Objectives** need to be * Specific * \_\_\_\_\_\_\_\_\_\_\_ * Achievable * Realistic * Time-bound
**Business Objectives** need to be: Specific **Measurable** Achievable Realistic Time-bound
29
Which artifact is used to create the Architectural Runway? * Visions * Enablers * Objectives * Strategic Themes
Which **artifact** is used to create the Architectural Runway? **Enablers**
30
**What type of estimate?** Typically done by the teams, uses historical data to compare. * Actual * Preliminary * Refined
Typically done by the teams, uses historical data to compare. **Refined**
31
Feature estimates are brought together into the Epic as part of what? * MVP * Lean Business Case * Capability * Objectives
Feature estimates are brought together into the Epic as part of what? **Lean/Lightweight Business Case**
32
The primary focus of the SoS is: * Clearing dependencies. * Updates of the features and stories. * Meeting the PI Objectives. * Scope negotiation
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
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.
Product Management and Architecture agree to prioritize work for **maximum customer value.**
34
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
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
**What's Missing: Business Objectives** need to be * \_\_\_\_\_\_\_\_\_\_ * Measurable * Achievable * Realistic * Time-bound
**Business Objectives** need to be: **Specific** Measurable Achievable Realistic Time-bound
36
**True or False** Teams on a train operate independantly.
**False** The demo-plan-learn TOGETHER.
37
**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.
**Lean Business Cases** are for **prioritizing** the things we must do.
38
**What type of estimate?** Typically done by product management, relative sizing. * Actual * Preliminary * Refined
Typically done by product management, relative sizing. **Preliminary**
39
**Definition:** The hidden costs (either labor or inventory) that can drive up the cost of manufacturing a product. * Estimated * Actual * Support * Burdened
**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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