Get SAFe-APM Dumps : Verified SAFe Agile Product Manager (APM 5.1)

The benefit hypothesis and acceptance criteria are the criteria that must be satisfied before a Feature can flow from the analysis state to the backlog state on an ART Kanban. The benefit hypothesis and acceptance criteria are part of the definition of a Feature, which represents a solution functionality that delivers business value and fulfills a stakeholder need. The benefit hypothesis states the expected outcome and benefit of implementing the Feature, while the acceptance criteria define the conditions that must be met for the Feature to be accepted by the stakeholders. The benefit hypothesis and acceptance criteria help to clarify the scope, value, and quality of the Feature, and to guide the implementation and validation of the Feature.

References:

• Features and Capabilities - Scaled Agile Framework
• ART and Solution Train Backlogs - Scaled Agile Framework
• Which two criteria must be satisfied before a Feature flows from …

Buy a Feature is a research game that is primarily used to better understand the priorities of Solution requirements. Buy a Feature is a collaborative prioritization technique that involves giving participants a fixed amount of virtual money and a list of features or requirements with different costs. The participants then have to decide which features or requirements they want to buy, either individually or in groups. The game reveals the preferences,trade-offs, and consensus of the participants, as well as the relative value and importance of each feature or requirement.

References:

• Buy a Feature - Scaled Agile Framework
• Buy a Feature - Innovation Games
• What Innovation Game is primarily used to better understand the priorities of Solution requirements?

According to the SAFe® Agile Product Management APM (6.0) documents and learning resources, market segment value is the total value of a specific market segment for agiven solution. It is calculated by multiplying the number of potential customers in the segment by the average revenue per customer and the expected market share. The expected market share depends on several factors, such as the value proposition, the competitive advantage, and the number of existing competitors. Therefore, the number of existing competitors is a factor that must be included when building a model of market segment value.

References:

• Agile Product Management - Scaled Agile Framework
• Customer Centricity - Scaled Agile Framework
• 5.4 Essential Factors in Effective Market Segmentation

Story mapping is a technique that helps product owners and teams visualize and prioritize user stories based on the user journey and the value they deliver. Story mapping involves creating a two-dimensional map of stories, where the horizontal axis represents the main activities or steps of the user journey, and the vertical axis represents the priority or importance of the stories. The stories are arranged in a hierarchy, where the top row contains the most essential stories that form the backbone of the feature, and the lower rows contain the more detailed or optional stories that enhance the feature. Story mapping helps to organize stories and understand which are critical to implementing the feature, as it shows the big picture of the user goals and needs, the dependencies and relationships among stories, and the minimum viable product (MVP) scope.

References:

• Story Mapping: This article from the Scaled Agile Framework explains the purpose, process, and benefits of story mapping, and provides an example of how it can be used in a SAFe context.
• User Story Mapping: Discover the Whole Story, Build the Right Product: This book by Jeff Patton, the creator of story mapping, provides a comprehensive guide on how to use story mapping to create better products and services that delight customers.
• How to Create a User Story Map: Step by Step Guide with Examples: This article from Miro provides a detailed guide on how to create a user story map, with examples and templates for different types of products and services.

A portfolio canvas is a visual tool that defines and communicates the value streams, solutions, customers, budgets, and key activities and events of a SAFe portfolio. It describes how a solution fits into the overall strategy by showing the value proposition, the customer segments and relationships, the key performance indicators, and the alignment with the strategic themes and the portfolio vision. A portfolio canvas provides business context by helping the portfolio stakeholders understand and align on the portfolio strategy, and by guiding the Agile teams and ARTs in delivering value to the customers and the enterprise.

References:

• Portfolio Canvas: This article from the Scaled Agile Framework explains the concept and purpose of the portfolio canvas, and how it can be used to define and manage the portfolio strategy and execution.
• What is SAFe Portfolio Canvas : What are its Sections and Blocks: This article from StarAgile provides a detailed guide on how to create and use a portfolio canvas, with examples and templates for different types of portfolios.