CDO InsightsQuiz Yourself Quiz: Articulating value is essential. Do you have what it takes to lead? By Peter Nichol - January 5, 2024 TwitterLinkedinFacebookWhatsApp Quiz: Articulating value is essential. Do you have what it takes to lead? 1) You are involved with a sales product. It forecasts pricing and volume per unit shipping based on location. Which is the best method to articulate value? A1. Optimized inventory cost savings A2. Reduced product returns A3. Competitive pricing analysis A4. Increased sales revenue 2) The agile team’s velocity is dropping. You are asked to help maximize value. Where do you look? A1. Effectiveness of scrum ceremonies A2. Hyper-focus on refinement A3. Waste per product cycle A4. Identify hours avoided annually 3) You join a project team already in flight. You’re brought in to accelerate value delivery. What is first on your to-do list? A1. Calculating opportunity cost A2. Quantifying cost avoided A3. Assessing cost out A4. Assessing cycle-time reductions 4) You’ve been asked to lead a network upgrade. Where do you start the journey to capture value? A1. Downtime reduction A2. Increase data throughput A3. Analyze RTO and RPO gains A4. Avoidance of future network expansions 5) You’re assigned a brand refresh. The company is heavily invested in value-driven initiatives. How do you quantify the value of this initiative? A1. Revenue impact A2. Customer acquisition A3. New market penetration A4. Cost efficiencys 6) You’re modernizing a business process. It’s a critical function for your line of business. The prior BRM couldn’t quantify the impact of the initiative. As you take ownership, you explore. A1. Non-value-added process steps A2. Quantification of cost avoided A3. Articulating cost saved A4. Collecting kudos from key stakeholders Submit Answers