Funding Strategies for New Product Ideas
When faced with more ideas for new products than available investment funds, it’s essential to adopt a strategic approach to maximize value and minimize risk. This article explores the best approach to handle such scenarios and its relevance to the PSPO II exam.
Exam Question
You have more ideas for new products than you have money to invest. What should you do?
(choose the best answer)
A. Rank proposals by market potential (Unrealized Value) and fully fund as many as you can.
B. Invest in all of them, but at proportionally lower amounts, and see how they all perform.
C. Invest in the proposals that have the highest projected Current Value for the next year.
D. Fund small experiments to test the proposed ideas and assumptions, then evaluate results.
Correct Answer
D. Fund small experiments to test the proposed ideas and assumptions, then evaluate results.
Explanation
Correct Answer
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PSPO II Exam Guide
If you’re a Product Owner looking to advance your career and demonstrate your expertise in Agile product management, taking the Professional Scrum Product Owner II (PSPO II) certification exam is a great way to do it. The PSPO II exam is the second level in the Professional Scrum Product Owner certification program offered by Scrum.org, and passing it demonstrates that you have a deep understanding of product ownership, stakeholder management, and delivering value to customers. But passing the PSPO II exam is no easy feat. It requires a thorough understanding of Scrum principles and practices, as well as a deep knowledge of the product owner role and how to apply it in real-world scenarios. In this article, we’ll provide a
