1. What is Evidence-Based Management (EBM)?

• A framework for developing software
• A framework that helps organizations make better-informed decisions
• A methodology for project management
• A technique for financial auditing

2. EBM primarily focuses on:

• Improving product design
• Enhancing marketing strategies
• Making informed decisions to achieve goals
• Reducing operational costs

3. Which of the following is NOT a level of goals in EBM?

• Strategic Goals
• Intermediate Goals
• Immediate Tactical Goals
• Operational Goals

4. EBM only uses quantitative data for decision making.

• True
• False

5. Which of the following are components of EBM?Select all that apply.

• Intentional experimentation
• Feedback loops
• Prescriptive methodologies
• Empirical evidence

6. What is the first step in the EBM Experiment Loop?

• Running experiments
• Forming a hypothesis
• Inspecting results
• Adapting goals

7. EBM is a one-time process.

• True
• False

8. Which measure quantifies the value that the product delivers today?

• Unrealized Value (UV)
• Current Value (CV)
• Time-to-Market (T2M)
• Ability-to-Innovate (A2I)

9. What does Unrealized Value (UV) represent in EBM?

• The value currently delivered by the product
• The potential future value if customer needs are met
• The speed at which new features are delivered
• The effectiveness of innovation efforts

10. Key Value Areas (KVAs) in EBM include:Select all that apply.

• Current Value (CV)
• Market Share (MS)
• Unrealized Value (UV)
• Ability-to-Innovate (A2I)

11. Hypotheses in EBM should be based on experience and evidence.

• True
• False

12. What is the purpose of setting measurable goals in EBM?

• To ensure compliance with standards
• To make progress towards the organization's Mission and Vision
• To reduce operational costs
• To enhance marketing strategies

13. Which of the following is NOT a measure of Time-to-Market (T2M)?

• Release frequency
• Lead time for changes
• Customer satisfaction
• Deployment frequency

14. Immediate Tactical Goals are focused on long-term improvements.

• True
• False

15. Which measure quantifies the effectiveness of delivering new capabilities?

• Current Value (CV)
• Unrealized Value (UV)
• Time-to-Market (T2M)
• Ability-to-Innovate (A2I)

16. Strategic Goals in EBM are often aspirational and uncertain.

• True
• False

17. Which of the following best describes the EBM approach to achieving goals?

• Setting long-term fixed goals
• Using iterative steps and experiments
• Relying on historical data only
• Implementing rigid procedures

18. What should organizations do if an experiment in EBM fails?

• Abandon the goal
• Analyze the results and adapt the approach
• Ignore the results and continue as planned
• Repeat the same experiment

19. EBM helps organizations by:Select all that apply.

• Reducing uncertainty
• Providing a clear path to success
• Ensuring decisions are evidence-based
• Guaranteeing success in all projects

20. EBM ignores the importance of team collaboration.

• True
• False