Scaled Agile Updated SAFe-APM Exam Questions and Answers by dina

Primary data is information collected through original research by the marketer or researcher themselves. Primary data is used to test hypotheses, which are tentative statements or assumptions about the relationship between variables or the outcome of an experiment. Testing hypotheses helps to validate or invalidate the assumptions and predictions made by the marketer or researcher, and to measure the effectiveness and impact of their product or service.

References:

• Primary Data - Types, Methods and Examples: This article from Research Method defines primary data, explains its types and methods, and provides some examples of primary data collection and analysis.
• [Hypothesis Testing]: This article from the Scaled Agile Framework describes the concept and process of hypothesis testing, and how it helps to evaluate the value proposition and assumptions of a product or service using experiments and feedback.

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.

References:

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

 Time criticality is one key component of Cost of Delay (CoD), which is the money or value that will be lost by delaying or not doing a job for a specific time period relative to other jobs. Time criticality reflects the urgency or sensitivity of a job to time, and how its value changes over time. For example, a job that has a fixed deadline, a seasonal demand, or a high risk of obsolescence has a high time criticality, and its CoD increases rapidly as time passes. A job that has a stable demand, a low risk of competition, or a long-term benefit has a low time criticality, and its CoD increases slowly or remains constant over time.

References:

• WSJF: This article from the Scaled Agile Framework explains the concept and purpose of Weighted Shortest Job First (WSJF), which is a prioritization model that uses CoD and job duration to sequence jobs for maximum economic benefit. It also describes the four components of CoD: user or business value, time criticality, risk reduction and/or opportunity enablement, and job size.
• Cost of Delay - Scaled Agile Framework: This article from the Scaled Agile Framework defines CoD as the numerator in WSJF prioritization, and provides some examples of how to estimate CoD for different types of jobs.

A successful minimum viable product (MVP) that has value in the market reveals that the Epic hypothesis has been validated and that development should continue. An MVP is an early and minimal version of a new product or solution that is used to test the assumptions and hypotheses behind an Epic. An MVP provides the fastest and cheapest way tolearn from real customers and to measure the impact and value of the Epic. A successful MVP means that the Epic has proven its desirability, viability, feasibility, and sustainability, and that there is still more value to be delivered by implementing additional features and capabilities. Therefore, development should continue until the Epic is completed or the value hypothesis changes.

References:

• Epic - Scaled Agile Framework
• Minimum Viable Product (MVP) - Scaled Agile Framework
• Innovation Accounting in SAFe - Scaled Agile Framework