Q4. What are two potential consequences of a project manager failing to properly initiate a project? Which type of tool would be best to use to meet the project sponsors request? Make note of these activities and assets in the Involvement column. The project manager needs to plan, track, and complete work across many project phases. Choose the same tools you used in your last project. Measuring product and user adoption give you deeper insight into how you connect with your customers and audience. number of new users x 100 / number of total users. Fill in the blank: If the project has a _____, then it may be worth it for the team to learn a more sophisticated project management tool. Individual performance metrics revealed in our research include: Adoption metrics. Investing your time and money into making changes that will improve your user experience is important. The Heart Metrics. For this exercise, you will read a scenario and describe tools you should use for the project. a customer might be a Detractor or Passive. Which SMART criteria does this represent? In the RACI model, which role completes the work for a task or deliverable? How would you deal with this external scope creep? Q1. Many SaaS businesses track access in the last 7 days as a User Adoption Metric - but of course, by itself, this doesn't give you any information in that critical first week. Step 6: Determine each stakeholders level of power or influence. In such cases, the easiest method involves using a social media analytics tool like SocialPilot, which enables you to see the metrics of every major social media platform. YouTube What can you do? The project must adhere to all government regulations. How will you handle this ambiguity and deliver the news to the team? Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. User retention rates. You can place stakeholders anywhere on the power grideven between quadrants. 4. Repeat steps 2 and 3 for a second, third and fourth objective to fill up the template. There are a dozen deliverables and over 100 tasks. Write one sentence. However, they also state that the team cannot push back the project delivery date. For example, if the objective of an educational technology company was to provide products that consistently meet new educational standards, a project objective might be: Successfully launch version 2.0 of our early learning app in time for the national curriculum conference., Next, write at least three key results for your objective next to KR1, KR2, and KR3. (You may add up to five key results for each objective, but only three are required for this activity.). During the process, you ask yourself if a goal is aligned to the organization or the companys goals. By . Estimate each stakeholders level of interest in the project at this stage, considering your notes from the Involvement and Impact columns. List at least one scheduling tool to keep the project on track. Q4. Q8. Based on this information, determine how often you should communicate with each stakeholder and what form that communication should take (e.g. (can only be one answer) Number of followers Number of comments Number of impressions None of the above. UK Lunchtime Results which of the following is an adoption metric? In your inbox. Number of customer sign-ups for a subscription. Outputs are the things that we producefor product teams this usually means features, initiatives, or programs. A. Which of the following scenarios best represents a project that is going out-of-scope? This means when you look at the average effort variance across your projects, which is a standard out-of-the-box metric with CA PPM (formerly CA Clarity), you'll feel confident in the data. Knowing your feature adoption rate tells you how well a particular feature resonates with your users. A designer on your project team suggests making changes to the products logo just prior to launch. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Which of the following best describes scope creep? To find your product adoption rate, use the following formula: Product Adoption Rate = (New Active Users / Total Signups) x 100. 15,000 new downloads within first quarter post launch, 75,000 new downloads within first year post launch, 25% of monthly downloads from new customers, The objective defines what needs to be achieved and describes a desired outcome, The key results are ambitious, specific, measurable, and define success for the objective, Post the goal on a project management forum for feedback. Engagement is ongoing. A 100% OEE means that your system is producing no defects, as fast as possible, and with no stops in the production. Engagement requires less expensive tools. What step could the company have taken to avoid scope creep? Q3. If neither, their interest could be low. The plan includes a marketing campaign to promote the new lines. Which of the following product layers might include a warranty, credit, 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%. Which of the following activities are steps in a stakeholder analysis? Q2. Engagement compliments other business metrics. They would like to review a detailed breakdown of costs. The adoption (rate) of cryptocurrencies is an often-stated metric used to assess the prevalence and dissemination of these in economies and jurisdictions globally. Stops along the new bus lines must connect neighboring suburbs to downtown and public resource facilities. Common financial metrics include earnings, profit margin, average order value, and return on assets. Which of the following are key components of project initiation? (. Point being, when you view adoption as the level of penetration a resource has achieved, the metric for adoption is clear active users. Using the formula (G-C) C = ROI, how would you calculate the projects return on investment (ROI) after the first 12 months? Compare it to goals the organization set in previous years. You need to align with the clients Vice President (VP) of Design, Ria. Start with the Understanding Stakeholders table on the first slide of the template. In this activity you will complete a stakeholder analysis and power grid. (can only be one answer) Number of followers. Using our own resources, we strive to strengthen the IT professionals community for free. Suppose that as a project manager, you speak with stakeholders to determine which tasks the team should complete first. 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. However, Ria told you that the project end date is a hard deadline. Be sure to address the following criteria in your completed OKR card: Q1. Question 8) What's a main difference between the adoption and engagement metrics? A. . Send out feedback surveys to team members, Ask the clients if theyre happy with the result. product outcomes). This is where you will organize your information. is building and maintaining a trusted relationship. 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. But even after you have buy-in from the C-suite, your metric-tracking adventures are far from over. In 1-2 sentences, describe how you can use the tool. The consent submitted will only be used for data processing originating from this website. Collaboration tools such as email or chat allow teams to do what tasks? Product adoption is typically the final conversion in turning a lead into a customer. Select from the following options when determining project roles: Step 4: Determine stakeholder involvement. 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. 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). In your completed RACI chart, who is responsible for coding the landing page? This can be expressed as a direct proportion (for example, 9/10 or 0.9) or as a percentage (for example, 90%). . Tracking product and user adoption can help you determine if youre reaching the right audience through marketing and sales efforts and discover new opportunities for keeping acquired customers happy with your product and active on your platform. Average Session Duration. Analyze, Build and Deliver experiences to application users and drive adoption with the Whatfix Digital Adoption Platform. Double the amount of time participating within an app. Fill in the blank: If a project has a _____, then it may be worth the teams time to learn a more sophisticated tool. In the second article, I talked about how product managers can design A/B Tests in a manner that speeds the . Project management is a relatively new job title. Each tab displays one or more of the Project or Resource Adoption Metrics. and write their titles in the Stakeholder column of the table. Bus lines must service at least 50% of the most densely-populated areas of Wonder City. Which of the following best describes organizational structure? To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Provide a reliable and consistent public transportation service. Select one and add it next to O1 on the first line of the OKR card. Although they might still be considered a user, they havent adopted the product because theyre not using it. First, identify the stakeholders from the Office Green scenario (e.g., Director of Product, Landscape Designer/Web Designer, etc.) Product adoption rate is the number of users who adopt your software compared to the total number of signups or new users within a specific timeframe. , Fill in the blank: _____ are gains that are not quantifiable. Key questions to ask yourself include: Note: The number of stakeholders you keep informed about each task can vary depending on your situation. What roles do your stakeholders play in the project? You can learn more about the graded and practice items in the Course Overview. A 20% boost in recurring customer traffic and referrals. Write down each team members role in the Role column. Select all that apply. Does the key result help define success for your team? Whats a strategy to determine if a goal is attainable? This often goes hand-in-hand with DAU or MAU but looks at individual accounts instead of your user base as a whole. The switch reduces the costs associated with event space, travel, and people resource time. Q1. 11 Must-Track Product Adoption KPIs & Metrics to Analyze With Whatfix, Drive adoption with in-app guided learning & training flows with Whatfix, PlayOGO reimagines customer onboarding and gaming adoption with Whatfix, Drive and measure product adoption with Whatfix in-app guidance and analytics, Subscribe to the Whatfix Digital Adoption Blog. The action should show that the user is getting value from your product. This growth will impact street networks, parking and mobility. If time-to-value is too long, you risk users becoming disinterested and moving on to a competitor. Correct 9.Question 9 How will you quantify if you're landing a project at its . which of the following is an adoption metric? Q2. Both approaches are fine for this activity. Useful things to track might include: Email and chat are examples of what type of project management tool? How will each stakeholder participate in the project? For each task, assign the letters R, A, C, and I to the team members involved. Which of the following people are likely to be primary stakeholders in a project? Here is some additional information about the project: To use the template for this course item, click the link below and select Use Template., If you dont have a Google account, download the template directly from the attachment below.Activity Template_ Project Move It OKRsDOCX FileDownload file. which of the following is an adoption metric? Project managers should follow which three best practices when assigning tasks to complete milestones? For example, if you started a new quarter with 500 customers but ended with 400 customers, your churn rate would be 20%. The formula for calculating adoption rate is: Adoption rate = number of new users / total number of users. 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. For the project, you will have eight team members and four remote stakeholders. Q7. Select all that apply. Adoption requires more expensive tools. But if their user count is high, their drop-off could go unnoticed. Making data-driven decisions can power your business to the next level. ExamTopics doesn't offer Real Amazon Exam Questions. During the process, you create goals that are a little challenging, but also encourage growth. Tweaking your product to align with your customers needs and expectations encourages sustainable growth but updating and changing your product is expensive and time-consuming. An example of data being processed may be a unique identifier stored in a cookie. Q3. Agile metrics are the quantifiable measures to determine the parameters around the agile project including the quality of work, productivity, progress and level of success of the project and the performance and well being of the Agile team. We are the biggest and most updated IT certification exam material website. You will not be able to access the exemplar until you have completed this activity. Every week. The team members you need to build the landing page include: To build and launch a landing page for Plant Pals, the team needs to accomplish the following tasks: If you dont have a Google account, you can download the exemplar directly from the attachment below.Activity Template_ RACI Chart Phase 2XLSX FileDownload file. Select all that apply. 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. Time-to-value is the time it takes for a user to realize the true value of your product or the amount of time it takes to properly onboard a new user and bring them up to speed with your platform. Users' ability to realize a product's value. You can use it for further practice or in your own personal or professional projects. Project management isn't adequately compensated when compared to similar roles. shiva ayyadurai wife michelle; trees dying from chemtrails; jim plunkett daughter; Our Products. Finally, be sure to save a blank copy of the RACI chart template you used to complete this activity. Both of these cases are considered non-voluntary adoptions. List all the stakeholders the project impacts, find ways to involve them, and determine their level of interest and influence. As a project manager, you make considerations when building a team. The adoption (rate) of cryptocurrencies is an often-stated metric used to assess the prevalence and dissemination of these in economies and jurisdictions globally. Which of the following is true of someone who is accountable in a RACI chart? Templates like this one will be useful as you put together a portfolio of project management artifacts. You still need to use cold, hard data to show the value your platform is adding to your . Data and behavior analytics are the best ways to discover where those opportunities lie. Join thousands of leaders from companies like Amazon, Caterpillar, Delta, and Oracle who subscribe to our monthly newsletter. Engagement compliments other business metrics. In the first article, I presented the intuition behind A/B testing and the importance of establishing the magnitude of the effect you hope to observe and corresponding sample size.. Select all that apply. Fill in the blank: During the planning phase of a project, you take steps that help you _____ to achieve your project goals. Correct 3. Implement the initial stakeholders requests and then ban all future requests. How much influence does each stakeholder have over the project? Learn more about insights. is jordan smith still married . An adoption metric might tell you, for example: all project managers have kept their schedules up-to-date. lawry's beverly hills dress code; does google maps avoid bus lanes; list the 17 enlisted man of the coup of 1980 with it position; why is everybody always pickin' on me oldie ng bi lc Thng Mt 19, 2023. Product managers also can track product usage data and behavioral analytics to understand how products are being used, friction points, and product and feature adoption. Adoption Metrics Metric Description EnabledUsers Number of users enabled to use the product in the month. What's a main difference between the adoption and engagement metrics? Q2. In this activity, you will use a RACI chart to assign roles and responsibilities to project stakeholders. 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. Engagement is an internal metric. Within the software development process, there are many metrics that are all related to each . Your Net Promoter Score (NPS) is a customer experience metric that helps predict business growth. The adoption formula is: Number of Adopted Users Total Number Of Users If you have 1000 users and 250 of them have adopted your product, your adoption rate is 25%. opolo winery lunch menu Q3. Which of the following demonstrates a project manager keeping the project in scope? Q3. Identifying the weak points of your onboarding process will help you create a more engaging system that converts more users. Now you are gathering a new team to design and develop the Plant Pals landing page. You and your team need to maintain trust and generate buy-in from your stakeholders. Correct A 20% boost in recurring customer traffic and referrals. Q4. , Who is invested in task completion but not directly involved in the work? SUBSCRIBE Quality product content. Decide how to deliver an organization-wide announcement and campaign for the project. Select all that apply. 14-Option 2nd (Relative Pull) explanation- Relative Pull is not an adoption and advocacy metric because it is an Online Advertising Metric. Consider your power or influence ratings from the stakeholder analysis. What is the purpose of a stakeholder analysis? Q3. Replace Role A with Director of Product, and so on. Q1. Assign some of the designers tasks to someone else so they can begin working on the logo changes. Q5. CLV gives a long-term view of the value customers provides your business. Facebook ), knowledge, or relationships that could be helpful. You also estimate costs of $50 per month for the first 12 months, which equals $600 per year. Danh mc . Investing your time and money into making changes that will improve your user experience is important. A 35% increase in first-time customers. Are you ready? On the other hand, a short time-to-first action can help you identify the features that are most beneficial to your users. In this activity, you will practice creating OKRs (objectives and key results) for a project. and . Microsoft 365 usage analytics contains additional adoption metrics related to active users to show adoption of the products over time. You must also assign roles and responsibilities for each of the project tasks and identify stakeholders impacted by the project. Customer lifetime value = Total purchases during customer lifetime cost to acquire and service customer. A work management software, such as Asana, A productivity tool, such as Microsoft Word. What can you do to determine if a goal is relevant? as well as tripwire metrics and a testing strategy to improve user engagement. Luckily, you have a team of five teammates to work on this project together! The RACI chart includes all of the project roles from the scenario. Q4. Following the discussion with Uyanga, they identified the context as similar to that of customers looking for the best movie streaming recommendations that are based on personal history, context, and ideas of users with similar content preferences. Learn more about driving digital adoption for your organization. Which type of tool is best for these activities? Q6. Q10. 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 . 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. Select all that apply. Setting your product adoption benchmark to be a behavior beyond just signing up helps you track clients getting real value from your product. List at least one type of project management softwarealso called work management toolsto plan, track, and complete work. Select all that apply. The position of each stakeholder corresponds to their level of interest and influence in your stakeholder analysis.