Starting of Project in Autocad (Video-13) | Complete autocad tutorial for Civil Engineers, Explain Scatterplots and correlation in Details, List out Quality of service [QoS] attributes in UMTS, Conceptual Framework for Internet of Things (IoT), Characteristics of Internet of Things (IoT), Introduction to the Internet of Things (IoT), Creating Toolpaths for a CNC Lathe Quiz Answers Networking Funda, Introduction to User Experience Design Coursera Quiz Answers, Introduction to Digital Transformation Part 1 Quiz Answers, Team: can add one member from the school IT department, Platform should allow teachers to enter grades and allow students/parents to view grades, Need full teacher buy-in at high school: 100% adoption within next nine months, Project should focus only on the digital grading platform and NOT impact other digital platforms (ex. This decision often rests with the executive stakeholder who is the . Does the project sponsor fund the project? Time-to-first action can help you better understand customer needs and how well youre onboarding users. In this activity you will complete a stakeholder analysis and power grid. Q8. Think of the Triple Constraint and remember that one constraint will always have the priority. You still need to use cold, hard data to show the value your platform is adding to your . which of the following is an adoption metric? Philippines is a party to the Hague Convention on Protection of Children and Co-operation in Respect of Intercountry Adoption (Hague Adoption Convention or Convention). What are the main uses of scheduling and work management software? Select all that apply. Wonder City has several city-wide objectives related to reducing traffic congestion and improving the citys infrastructure. The easiest way to track and measure your onboarding completion rate is with a tool that offers product analytics. The easiest way to track and measure your onboarding completion rate is with a tool that offers. Fill in the blank: _____ are gains that are not quantifiable. You can learn more about the graded and practice items in the Course Overview. A high usage frequency will show you who your best customers are and who might need some additional attention or support to reach the full value of your product. The project is intended to help improve wait times and increase ridership. Menu david furnish kelowna; 3rd battalion, 5th marines The adoption (rate) of cryptocurrencies is an often-stated metric used to assess the prevalence and dissemination of these in economies and jurisdictions globally. Non-financial metrics are quantitative measures that cannot be expressed in monetary units. Project management isn't adequately compensated when compared to similar roles. Within the software development process, there are many metrics that are all related to each . You can use it for further practice or in your own personal or professional projects. You can find insights in the upper right-hand corner of the board, backlog, and deployments view of Jira. Consider the information you added to the Involvement and Impact columns. Submersible pump. The research team notes that not all projects will require all the metrics and that metrics should be chosen (in combination) based on the outcomes required from the metrics. Templates like this one will be useful as you put together a portfolio of project management artifacts. Fill in the blank: If a project has a _____, then it may be worth the teams time to learn a more sophisticated tool. The company is getting ready to introduce its new Plant Pals service, and you will manage the launch. You are asked to manage an 8-week project for $800,000 USD. Make the investors adopt the companys project expectations. An outcome is a metric that measures the impact of your work. You must also assign roles and responsibilities for each of the project tasks and identify stakeholders impacted by the project. Product adoption rate is great for determining how successful you engage and retain the users you acquire, but it also highlights how many new signups you risk losing. Imagine youre the project manager of a new grocery delivery service. Add the four tasks from the scenario to your RACI chart template under the Task/Deliverable heading. The CES is the summation of all the total event values. Q10. Select all that apply. Intercountry adoption processing in Convention countries must be done in accordance with the requirements of the Hague Adoption Convention; the U.S. implementing legislation, the Intercountry Adoption Act of 2000 (IAA); and the . Measuring CLV can also help you monitor your customer engagement yearly. During the scoping of this project, Ria says her budget maxes out at $650,000 USDshe cant afford the $800,000 USD that this project will cost. Select all that apply. Project metrics consist of the following: . Q1. In 1-2 sentences, describe how you can use each tool. Outcome-based measures such as customer satisfaction, market share, category ownership, and new product adoption rate fall into the non-financial metrics . Photo by Luke Chesser on Unsplash. Q2. Engagement requires less expensive tools. Its best to measure product usage frequency during a set period, not necessarily for the entire lifetime of the user. In this specific example, you should notify the internal stakeholders, so that they can make decisions about what to do about the changes in the project, while considering the Triple Constraint. (can only be one answer) Number of followers Number of comments Number of impressions None of the above. Adoption Metrics Metric Description EnabledUsers Number of users enabled to use the product in the month. A low completion rate could also indicate that your sales team isnt reaching the right audience. Note: You should gauge each stakeholders level of influence on this project, not within Office Green in general. is the percentage of customers who remain customers during a specific period. What can you do to determine if a goal is relevant? Assign some of the designers tasks to someone else so they can begin working on the logo changes. Ready to start measuring product and user adoption KPIs? Explore intriguing customer success stories, videos, webinars and podcasts. 1 / 1 point Number of customer sign-ups for a subscription. Promote public transportation as a convenient alternative to driving. Then indicate high (H), medium (M), or low (L) in the Interest column. Write down each team members role in the Role column. Now go to the second slide of the template: Prioritizing Stakeholders (power grid). The project manager needs to plan, track, and complete work across many project phases. 8. However, they also state that the team cannot push back the project delivery date. In the RACI model, which role completes the work for a task or deliverable? Product adoption (also referred to as user adoption) occurs when a user begins to use your product as intended, and fully understands the tools value. Consider the following scenario: The Director of Product requests the project manager to add a new product feature. Adoption Rate Adoption rate is the most basic metric of adoption, but it's a useful baseline number to have in your back pocket. document.getElementById("comment").setAttribute("id","adcd3e255299819e46d06793eb1ce4c2");document.getElementById("ebfdb9e1d7").setAttribute("id","comment"); Save my name, email, and website in this browser for the next time I comment. What is the purpose of a stakeholder analysis? Potential objectives for Project Move It: Or, if you prefer, you may draft your own objective based on the scenario. Each key result should have 2-3 objectives, Goals you believe your team needs to meet and goals the stakeholders believe the team needs to meet, Problems the project managercan easily recognize and problems the project managers cannot recognize, Tasks you believe your team should complete first and tasks the team believes they should complete first. Software metrics are important for many reasons, including measuring software performance, planning work items, measuring productivity, and many other uses. Add your team members to the template. Q6. Fill in the blank: _____ are items you need to help get the project done. Select all that apply. Q5. Youve determined that the following people will be involved: To develop and execute the marketing strategy and sales, your team must complete the following tasks: If you dont have a Google account, you can download the template directly from the attachment below.Activity Template_ RACI chart Phase 1XLSX FileDownload file. Which of the following best describes organizational structure? As a reminder, RACI charts help you determine who is: As the project manager for Plant Pals, you must assemble a team that can develop and execute the marketing and sales strategy to prepare for the launch. As such, the user adoption metrics that matter should. Your Net Promoter Score (NPS) is a customer experience metric that helps predict business growth. All values of the month shown on the top section of the report refer to the latest complete month. For example, if you started a new quarter with 500 customers but ended with 400 customers, your churn rate would be 20%. As a project manager, you learn that the stakeholders are changing the nature of the project and the teams deliverables will change as a result. When potential customers click on Plant Pals advertisements, the landing page is the first part of the Office Green website they will see. Study with Quizlet and memorize flashcards containing terms like The ONC's goal of advancing secure and interoperable health information requires _______. ExamTopics Materials do not In which of the following scenarios does the project manager implement documentation well? It goes a step further than just acquisition to encompass activated and retained users. Bus lines must service at least 50% of the most densely-populated areas of Wonder City. List at least one scheduling tool to keep the project on track. As an example, lets return to the objective, Successfully launch version 2.0 of our early learning app. If you knew that a successful launch meant getting new users to download the app, you could create any of the following key results for the objective: Remember: OKRs are never set in stonethey can and should be revised as you make progress, so its okay if you need to adjust your key results later on. A 35% increase in first-time customers. The interdisciplinary study of the design development, adoption, and application of IT based innovations in the health care industry is called Health informatics High costs of initial acquisition and implementation are seen as common barriers to adopting HIT true Each key result should address the following questions: Your key results should build on the scenario and additional project information, but its up to you to determine your success criteria. These templates will be useful as you put together a portfolio of project management artifacts. Step 6: Determine each stakeholders level of power or influence. Investing your time and money into making changes that will improve your user experience is important. Question: Which of the following is an engagement metric? Q2. which of the following is an adoption metric? Insights give a visual snapshot of the following metrics: Sprint progress Issue type breakdown Sprint commitment Deployment frequency Cycle time Use these metrics to continuously optimize team performance. The appropriate individuals are listed as. Which of the following are best practices when introducing a new tool to a team? Q2. Which of the following responsibilities typically belong to the project manager? Actively and meaningfully engage the public to generate buy-in and project support. Limit communication outside the team once the project begins. Adoption is an external metric. which of the following is an adoption metric? Which type of tool would be best to use to meet the project sponsors request? None of the above. Customer lifetime value = Total purchases during customer lifetime cost to acquire and service customer. A product's performance in the marketplace. Engagement is ongoing. You have been hired as the project manager for this initiative. Copyright 2023 - Networking Funda - All Rights Reserved, Project Initiation: Starting a Successful Project Coursera Quiz Answers, Foundations of Project Management Coursera Quiz Answers 2022. The adoption phase is your opportunity to nurture your customer relationship and establish a recurring revenue cycle driven by a commitment to customer growth. Customer service is a core component of excellent customer experience (CX). (. Traditional project management relies on using a body of metrics that has been proven effective--through years of use--in tracking and reporting a project's progress. Adoption. List at least two productivity and collaboration tools to achieve tasks and better communicate with the team and stakeholders. One stakeholder has high power and low interest. Now you are gathering a new team to design and develop the Plant Pals landing page. Retention Curves, the importance of W1 User Retention. During the process, you create goals that are a little challenging, but also encourage growth. Are you ready? Think of the triple constraint and remember that one of them will always have the priority. Brian Balfour of Reforge has waned that Week 1 engagement"has one of the biggest impacts on your retention over time". In an ideal world, you would have a 100% retention rate. We and our partners use cookies to Store and/or access information on a device. For example, if you have a total of 1,000 users, of which 250 are new, then your. Fill in the blank: In addition to a job title, many companies list project management as a desired _____. This exam page is currently offline, we already know about this and there is no need to contact us regarding this matter. Q5. Objectives define what needs to be achieved and describe a desired outcome, while key results define how you will measure that outcome. User Engagement leads to Retention, so if you want a strategy for Customer Retention, go here. They also identify one issue causing a delay is the company and the investors (stakeholders) have different expectations of what the completed project should be. Read this article to find out it and drive adoption and engagement in your SaaS product. Reddit Identifying the gaps in your company's knowledge sharing efforts will help you make a strong case for adopting a new knowledge management platform. Which of the following activities are steps in a stakeholder analysis? Write one sentence. For the three situations below, describe how you would apply the Triple Constraint model. Which of the following product layers might include a warranty, credit, How quickly users can learn products. which of the following is an adoption metric? Write 2-3 sentences. a.Collecting data from a variety of sources such as mobile devices b.Analyzing data from federal, state and local agencies c.Using information to improve individual and community health d.Sharing information among individuals, providers and . As a project manager, youre trying to take all the right steps to prepare for the project. luca properties long beach; mtgpq planeswalker rankings. Engagement requires less expensive tools. Design thinking C. Offering D. Shopping product E. Components, Which of the following is the foundation of a value proposition?, Which type of product is usually purchased on the spur of the moment? Data and, Lets walk through the most important metrics to track for improving your, Daily active users (DAU) or monthly active users (MAU). These templates will be useful as you put together a portfolio of project management artifacts. Its short and to the point, increasing the likelihood that users will engage, but without follow-up questions or context, its hard to know exactly why a customer might be a Detractor or Passive. explicit switching costs involve a penalty levied for terminating a deal or contract. Its easy to get excited about large purchases or long-term customers, but until you compare the amount of revenue theyre bringing in with the costs associated with them as a client, its hard to tell if youre actually growing your business or just treading water (or even losing money). Usage frequency looks at how often a specific account is used. First, identify the stakeholders from the Office Green scenario (e.g., Director of Product, Landscape Designer/Web Designer, etc.) An increase in customer satisfaction score. This is a joint decision between IT leadership, program management leads, and user adoption specialists. To find your product adoption rate, use the following formula: Product Adoption Rate = (New Active Users / Total Signups) x 100 For example, if you have 100 sign-ups within your designated time frame, but only 50 of them are active, your product adoption rate would be 50%. On the other hand, if your retention rate is low, its likely an indication that customers are unhappy or a competitor is offering a better service. Who are the subject matter experts (SMEs) for the task? Low-interest, low-power stakeholders go toward the lower-left corner, and so forth. What are the phases of the project life cycle? Fill in the blank: Project initiation includes determining resources, documenting key components, and _____. Adoption is generally a one-time occurrence. Which of the following best describes the difference between in-scope and out-of-scope? What two s can a project manager ask to determine a projects costs? Q2. Q4. Be sure to address the following criteria in your completed stakeholder analysis table: Be sure to address the following criteria in your completed power grid: Q1. Correct A 35% increase of first-time customers. Retention. An increase in customer satisfaction score. Compare it to the project goals of the organizations three closest competitors. During the process, you ask yourself if a goal is aligned to the organization or the companys goals. Using the triple constraint model, what trade-off could the project manager use to meet the Director of Products request? Q1. CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute. You expect that a project will bring in $12,000 USD in revenue per year. If they are interested in one, but not the other, a medium rating might be appropriate. There is also a Metrics trending view that pulls monthly snapshots of the metrics. Q8. In this activity, you will apply your knowledge of RACI charts to a new phase of project planning. External risks can affect project success. ExamTopics doesn't offer Real Amazon Exam Questions. Start by reading the scenario: As the project manager of a new project, you decide which scheduling, productivity, collaboration, and work management tools the team will use. Be sure to address the following elements in your completed RACI chart: Q1. The switch reduces the costs associated with event space, travel, and people resource time. The company hires outside evaluators to review the project. How will each stakeholder participate in the project? Require more detailed bids from the evaluators in writing. Which of the following is an example of a measurable goal? You will analyze a scenario about the execution phase of the Plant Pals project. For this exercise, you will read a scenario and describe tools you should use for the project. Youll make decisions aligned with your audiences long-term needs, so you can build sustainable relationships that help your company grow and scale. Which answer best describes a Matrix organizational structure? High-interest, high-power stakeholders should go toward the upper-right corner. and write their titles in the Stakeholder column of the table. According to a recent market assessment, the regions population is expected to double in the next five years. To find your total number of active users, first identify the time period you want to measure and track how many unique individuals log on or engage with your platform that day. Using our own resources, we strive to strengthen the IT professionals community for free. However, Ria told you that the project end date is a hard deadline. If youre struggling to increase your onboarding completion rate even after making process adjustments, it might be because the people starting the onboarding process arent interested in the tool once they become more familiar with it. In others, you could leave some cells in your RACI chart blank for certain tasks. Add the six tasks from the scenario to your RACI chart template under the Task/Deliverable heading. Data and behavior analytics are the best ways to discover where those opportunities lie. Q9. SUBSCRIBE Quality product content. Who should review the work to confirm it is complete? To pass this practice quiz, you must receive at least 80%, or 4 out of 5 points, by completing the activity and answering corresponding quiz questions.