If the requirements are not clear or unknown at first, an agile approach will help the team understand the needs of the users while delivering incremental updates and gathering feedback from the market.
The product vision needs to be created by the entire team because even though the product owner will be the person reminding the team about the vision and goals of the project, everybody needs to contribute and own the product vision.
The break-even analysis is used to find the number of products your company needs to produce to cover all the expenses before it makes a profit.
With little knowledge of statistics or data visualization people would notice that the Y-axis should start at zero because it could have a false visual comparison of the data
Web design agencies need to rethink their customers and evolve so they can survive. As mentioned previously, it needs to avoid the myopia of thinking in terms of web design but in terms of satisfying the customers. Studying what the potential customers want and how to satisfy their needs.
One of the biggest advantages of having a CIO is that this position is about researching and analyzing new trends that could benefit the organization.
The SWOT framework helps to facilitate the discussion with stakeholders on what the business should put attention to, and what opportunities could be taken into consideration that will drive business growth.
Even though, the test is your knowledge is about being a Product Owner using the Scrum guide, in reality, the Scrum guide is not enough for you to pass it. Therefore, you are required to find other sources that might help you complement your knowledge for being a good Product Owner using the Scrum framework.
Time to market is essential and projects usually have budget constraints which means that they cannot be developed for a long period of time without producing value to the customers or the company. Therefore, it is necessary to pick what must be created first.
Zipcar changed the industry by bringing a Web 2.0 approach into the field. They try to use automatization for most of the tasks that could be done by a person inside a traditional rent-a-car service.
The roadmap informs all stakeholders of the status of the product and what they should expect in the next months in terms of releases. Of course, this is a living document, and feedback from the users or reacting to the market might change the product roadmap.
One more thing that Web 2.0 brought us was simplicity. The overall page became more simple and the use of CSS was expected over multiple frames and tables for the layout.