Legit SAFe-APM Exam Download

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

Buy a Feature is a research game that involves presenting customers with a list of possible features for a product or service, and giving them a limited budget to spend on their preferred ones. This game helps to understand customer needs, priorities, trade-offs, and willingness to pay. It also encourages collaboration and discussion among customers, and generates feedback and insights for the product team.

References:

• Buy a Feature: This article from the Scaled Agile Framework explains the purpose, process, and benefits of the Buy a Feature game, and provides an example of how it can be used in a SAFe context.
• Buy a Feature: The Game that Teaches Prioritization: This article from Innovation Games describes the rules, variations, and outcomes of the Buy a Feature game, and provides tips and resources for facilitating it.
• Customer Needs Analysis: Definition & Research Methods: This article from Qualtrics XM provides an overview of customer needs analysis, and discusses various research methods, including Buy a Feature, to identify and understand customer needs.

The expected product is the aspect of whole-product thinking that captures a Customer’s price sensitivity. Whole-product thinking is a framework that helps to define and deliver a complete solution that meets the Customer’s needs and expectations. Whole-product thinking consists of four levels: generic product, expected product, augmented product, and potential product. The expected product is the level that includes the basic features and benefits that the Customer expects from the product, and that determines the Customer’s willingness to pay for the product. The expected product reflects the Customer’s price sensitivity, which is the degree to which the Customer’s behavior is influenced by the price of the product.

References:

• Customer Centricity - Scaled Agile Framework
• Analysis of the Effects of Perceived Value, Price Sensitivity, Word-of …
• Pricing Sensitivity: Meaning, Calculation & Strategy | Qualtrics
• Which aspect of whole-product thinking captures a Customer’s price …