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WorksheetsProduct Mgt Chapter 1 and 2 Quiz
Total questions: 15
Worksheet time: 15mins
Identify the key responsibilities of a product manager.
Working across the organization to set product strategy
Overseeing development team budgets
Communicating with stakeholders
Visioning the complete cycle of the product
What are the key attributes of a product manager?
Possesses a specialized technical background
Communicates effectively with all employees
Motivates individuals toward achieving specific goals
Understands the business viability of a product
Which statements accurately identify the key responsibilities of a product manager?
Defines product development
Sets project strategy
Is solely concerned with the utility of a product
Oversees day-to-day budgets and operational tasks
Which key attributes of a Product manager not included in this statement?
Product manager must not be knowledgeable about technical feasibility of the product.
Product managers with more convey in motivation and business value.
Product manager must be knowledgeable about the customer's requirements for the product.
Product managers feel themselves customer experience to better understand customer
Which stage of product management involves a degree of strategizing development and addressing core concepts that will affect the product?
Strategy development
Marketing and sales phase
Vision development
Actual product development
Which stage of product management refers to go to market plan for the product rollout and initial sales activities?
Strategy development
Marketing and sales phase
Vision development
Actual product development
This is about product manager's first point of contact with their users.
Supplier
Customer Service
CEO
Stockholder
Which of the factors impacting product managers?
Product complexity
Product specification
Product context
Product price
This working closely with the product teams on projects involving new products or product enhancements.
Product manager
Project manager
CEO
Employee
Product managers must use_____________ skills to influence teams throughout the organization.
Cognitive skills
Leadership
Persuasive communication
Team player
The following is the preliminary stage of Production planning
Capacity planning
Material requirements planning
Scheduling
Product development and design
The following is the source(s) for developing new or improved product
Research and Development department of the enterprise
Consumer suggestions and Complaints
Other competitive products in the market
All of the above
Product cost can be reduced by considering the following aspect(s) at the design stage.
Minimum number of operations
Unnecessary tight tolerance should not be provided
Design should consist of standard parts
All of the above
The ultimate objective of the product is
To provide a new look
Utilizing existing manpower
To monopolize the market
All of the above
Lifecycle portfolio management is a multi-dimensional, multi-phase decision-making process that enables a company to achieve strategic, market, operational, and financial balance across the product lifecycle.
True
False
