PMI Agile Certified Practitioner (ACP) Practice Exam

In Agile, what does the term 'value' primarily refer to?

1. The monetary cost of the project

2. The worth delivered to the business

3. The time spent on the project

4. The number of team members involved

The correct answer is: The worth delivered to the business

In Agile, the term 'value' primarily refers to the worth delivered to the business, which encompasses how effectively a project meets the needs and objectives of stakeholders. This perspective emphasizes delivering outcomes that benefit the organization and its customers rather than merely focusing on outputs or the processes involved in delivering those outputs. When teams prioritize value, they aim to align their work with customer needs and business goals. This involves assessing and understanding what the stakeholders deem important and ensuring that the team delivers features and functions that contribute to achieving those outcomes. This focus on creating business value is one of the core principles of Agile methodologies. In contrast, other factors such as monetary costs, time spent, or the number of team members involved do not encapsulate the essence of value in Agile. While these factors may influence project decisions, they do not inherently represent the worth or impact of the project's deliverables on the business and its customers.