Q3. What else should you consider when building a team? Scores can range from -100 to 100. Q5. Add the six tasks from the scenario to your RACI chart template under the Task/Deliverable heading. The consent submitted will only be used for data processing originating from this website. Select all that apply. The following are the product adoption Metrics that differentiate adoption from engagement. Youd then ask your users to rate their likelihood on a scale of 1-10. Question 3 Select all that apply. It's typically derived from your business model (e.g. 3. Select all that apply. Continue with Recommended Cookies. Engagement requires less expensive tools. Using our own resources, we strive to strengthen the IT professionals community for free. For example, if you have 22 new users this month and the number of total users is 200: Your adoption rate is 22/200 x 100 = % 11. Templates like this one will be useful as you put together a portfolio of project management artifacts. Brian Balfour of Reforge has waned that Week 1 engagement"has one of the biggest impacts on your retention over time". 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. Which of the following are key components of project initiation? 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. Q8. You can use them to talk through your thought processes as you demonstrate your experience to potential employers. A 100% OEE means that your system is producing no defects, as fast as possible, and with no stops in the production. Here are the top metrics to track. In this example, 50% of your sign-ups have not been active and are likely to end their relationship with you. But even after you have buy-in from the C-suite, your metric-tracking adventures are far from over. When potential customers click on Plant Pals advertisements, the landing page is the first part of the Office Green website they will see. What steps should you take? Who can give feedback to responsible individuals to help them complete tasks? The column Vicinity indicatesfor those countries that adopted the metric system voluntarilythe number of years before or after one of the country's . Here are a few questions to help identify whether someone should be consulted: Informed: Who should be kept informed about task progress or project decisions? Customer service is a core component of excellent customer experience (CX). The table lists each stakeholders level of power or influence as low, medium, or high. Fill in the blank: During the planning phase of a project, you take steps that help you _____ to achieve your project goals. Q1. refers to the number of customers or users who stop using your product or platform during a specified time period. In your completed RACI chart, who is responsible for coding the landing page? Making data-driven decisions can power your business to the next level. Hire a different organization to review the project. What are the main uses of scheduling and work management software? There are five metrics used in the HEART framework: Happiness. Feature adoption rate is similar to product adoption rate but looks at the number of users who actively use a specific feature. Fill in the blank: If a project has a _____, then it may be worth the teams time to learn a more sophisticated tool. You might find that customers tend to spend more in the early days of their relationship with you, or their spending might ramp up as they become more comfortable as a customer. How will the project outcomes affect the needs of each stakeholder? You meet with stakeholders to set an overarching framework of what is and is not included in the project statement of work and deliverables. ExamTopics doesn't offer Real Amazon Exam Questions. Promote public transportation as a convenient alternative to driving. They reach value when they start to see a return on their investment. Task Success. on. product outcomes). YouTube Q2. The formula for calculating adoption rate is: Adoption rate = number of new users / total number of users. Q3. . Think of the Triple Constraint and remember that one constraint will always have the priority. As many organizations are beginning to realize, product adoption programs have a profound impact on many other performance metrics, including. Photo by Luke Chesser on Unsplash. Project management roles are designed to adapt to changes and handle new processes as they come up. What are some proposals you can provide to Ria to reduce the budget? What is the purpose of a project charter? Be sure to address the following criteria in your completed OKR card: Q1. But if their user count is high, their drop-off could go unnoticed. It goes a step further than just acquisition to encompass activated and retained users. For example, you might measure website traffic in monthly active users. The Ultimate Guide to Product Adoption 12 product adoption metrics to track for success Product adoption metrics are about more than just the numbersit's about what the numbers are telling you. 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. You need to align with the clients Vice President (VP) of Design, Ria. As a project manager, you make considerations when building a team. These templates will be useful as you put together a portfolio of project management artifacts. 3. Objectives define what needs to be achieved and describe a desired outcome, while key results define how you will measure that outcome. Adoption is an external metric. Customer lifetime value (CLV) represents a customers total business value during their relationship with your brand. The company hires outside evaluators to review the project. attendance, school lunch payments), Overall, the school is seeking a platform for digital grading. Three Keys to Successful Adoption Project management isn't adequately compensated when compared to similar roles. Which key component outlines the projects success criteria? Useful things to track might include: Within the software development process, there are many metrics that are all related to each . The table lists each stakeholders level of interest as low, medium, or high. As the lead project manager for the Plant Pals project, youre managing the launch of this new service. Join thousands of leaders from companies like Amazon, Caterpillar, Delta, and Oracle who subscribe to our monthly newsletter. Previously, you worked with your project team as they developed a marketing plan, wrote promotional copy, designed marketing assets, and created a sales plan for customer outreach. Adoption replaces a business metric. Q2. A low completion rate could also indicate that your sales team isnt reaching the right audience. Which key component outlines the projects scope? What is the main advantage of the Agile approach over the Waterfall methodology? An example of data being processed may be a unique identifier stored in a cookie. For the project, you will have eight team members and four remote stakeholders. Who might delegate the task to another team member? If they are interested in one, but not the other, a medium rating might be appropriate. They dont expect to be in production for one week, delaying the project timeline. You can learn more about the graded and practice items in the Course Overview. Who are the subject matter experts (SMEs) for the task? Analyze, Build and Deliver experiences to application users and drive adoption with the Whatfix Digital Adoption Platform. NPS is an easy way to measure customer satisfaction, but its usually not specific enough as a standalone survey. SUBSCRIBE Quality product content. Select all that apply. This exam page is currently offline, we already know about this and there is no need to contact us regarding this matter. Q2. 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. How much will the project impact the needs of each stakeholder? Imagine that the main supplier for a construction project runs out of steel girders and needs to obtain more to complete the order. A list of objectives for Project Move It have been provided for you below. Q8. Product adoption is typically the final conversion in turning a lead into a customer. OEE is the measure of the productivity of a piece of equipment. Major brands accepting cryptocurrency; Major exchanges users Using the formula (G-C) C = ROI, how would you calculate the projects return on investment (ROI) after the first 12 months? The manufacturer of one of the project deliverables just lost power after a large storm. Danh mc . Provide examples to help illustrate your explanations. For example, pageviews make a poor choice. The position of each stakeholder corresponds to their level of interest and influence in your stakeholder analysis. This can be expressed as a direct proportion (for example, 9/10 or 0.9) or as a percentage (for example, 90%). Q6. Which SMART criteria does this represent? Reddit Select all that apply. Leave the Engagement column blank for now. Q5. Both of these cases are considered non-voluntary adoptions. The project sponsor plays a vital leadership role, which always includes funding the project. Q6. Fill in the blank: The difference between a goal and a deliverable is that the goal is the desired outcome of the project and the deliverable is a _____ of the project. electronic gold scrap buyers; is one foot island beach in the southern hemisphere A 20% increase in the amount of tasks completed. A 35% increase in first-time customers. Q9. 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. 4. Fill in the blank: After the stakeholders assign the project manager, the goals of the project have to be approved, as well as the scope of the project and its _____. Engagement is an internal metric. 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. PHMSA conducted an economic evaluation and found that most operators are already following the guidelines in CGA C-29 and thus there are limited quantifiable economic benefits. Usage frequency looks at how often a specific account is used. Q9. Decision: Select an enablement strategy that will best support your business outcomes for Microsoft Teams and that can be enabled by your technical implementation team. What does the acronym RACI stand for? ExamTopics doesn't offer Real Microsoft Exam Questions. You will then present the charter to the individuals involved with the project. Finally, be sure to save a blank copy of the OKR template you used to complete this activity. This is a joint decision between IT leadership, program management leads, and user adoption specialists. Correct 3. For this exercise, you will read a scenario and describe tools you should use for the project.