Value-Based Incremental Delivery

Correct Answer: Analyze the market response to the competing product and if necessary, re-prioritize or modify your feature as per the feedback received

In a Value-Based Incremental Delivery approach, the aim is to maximize value creation. The introduction of a similar feature by a competitor is a crucial market factor that can significantly affect the value of your product. Ignoring this development (as suggested in the second answer) could lead to the delivery of a feature that is already available and, therefore, of lesser value to the customers. Similarly, delaying the release to add extra features (third answer) or postponing it indefinitely (fourth answer) might not be beneficial. Instead, the best course of action is to analyze the market response to the competitor's feature. This process can ensure that any modification or re-prioritization of the feature is done based on market feedback, thus maximizing the value. This is why the first answer that suggests a market response analysis and possible feature modification or re-prioritization based on the feedback is the best course of action.

Correct Answer: Re-prioritize the product backlog to provide this feature earlier.

In Scrum, the product backlog is a priority list of user stories, features, functionalities needed to be done to achieve successful project completion. As new information came highlighting that a specific feature will generate more business value than initially thought, the best step forward is to 'Re-prioritize the product backlog to provide this feature earlier' because Scrum encourages adaptive planning which is the ability to respond to changes over following a set plan. This ensures maximizing the value early in the project. The approach to 'Stick to the original plan and deliver the feature by the fourth sprint' is not in alignment with Agile philosophy. Working extra hours with an overwork approach, 'Ask the team to put in extra hours to deliver the feature sooner', is both unsustainable and against the Agile principle which emphasizes sustainable development. The option to 'Ignore the new information as the client's request takes precedence' is not an effective strategy as it does not encourage open collaboration and flexibility to change.

Correct Answer: Show the working features delivered so far and backlogs aligned for the next sprints.

In Agile methodology, the emphasis is on delivering working features incrementally to provide the highest value to stakeholders. In this scenario, showing the working features delivered so far and backlogs aligned for the next sprints would be the best approach and aligns with value-based incremental delivery perspective. This would provide a tangible demonstration of how resources are currently being used and the project's progress to date. On the other hand, simply presenting the percentage of time and resources utilised in the project misses out on showcasing the tangible results delivered, which is a key part of Agile methodology. Submitting a written report of project progress instead of showing actual working features also fails to capitalise on the benefits of Agile. Lastly, requesting an extension to show better results actually goes against the agile principle of welcoming and responding to change over following a fixed plan.