Scrum Team Guide and Exam Tips

Definition: The Scrum Team is an organized and close-knit unit of members working together to deliver the goals of a scrum project. It consists of the Product Owner, the Scrum Master and the Development Team. The synergy of these units and their collaborative efforts make a Scrum Team.

Importance: Scrum Team is significant because of the values it brings to agile development. It ensures that each member has a clearly defined role yet allows for flexibility and cross-functional coordination. The team as a whole owns the product and the responsibility for its success.

Functioning: Every member in the Scrum Team has a distinct role.
Product Owner: This is the person responsible for defining the product and prioritizing the Product Backlog.
Scrum Master: Facilitates the team and assists in resolving obstacles that the team faces along the product development.
Development Team: These are the professionals who work to deliver a 'potentially releasable' increment of the product at the end of every Sprint.

Exam tips - Answering Questions on Scrum Team: When answering questions on the role of a Scrum Team, be clear to outline the distinct roles of each member and their responsibilities. Emphasize on the collective ownership and self organizing nature of the Scrum Team. Among the important points are the synergy of the team and the impact of their collective efforts towards the success of the Scrum project. For scenario based questions, apply principles of Scrum to real-world situations and demonstrate how each member will contribute in such situation.

Remember, it's important to understand and memorize these principles as these will guide you in answering any kind of questions, be it theoretical knowledge about Scrum team or its practical application.