Understanding functional and technical aspects of Scrum Master PSM I Exam Managing Products

The following will be discussed here:

• Product Value
• Managing Products with Agility
• Product Vision
• Forecasting & Release Planning
• Stakeholders & Customers
• Business Strategy
• Product Backlog Management

Reference: https://www.scrum.org/professional-scrum-master-i-certification

Introduction

Scrum is a framework within which people can address complex adaptive problems, while productively and creatively delivering products of the highest possible value. A Professional Scrum Master is one such individual who knows how to manage the workflow effectively, create motivated and intelligent teams, and handle complex tasks while ensuring a collaborative project environment that promotes productivity and boost business worth.

A PSM certification endorses the holder's knowledge of Agile and Scrum practices/ exercises and makes them industry-ready. The PSM Certification is a well-known accreditation applicable in different sectors and industries and extremely valued within the scrum community.

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Career Opportunities

The professionals who have successfully passed the PSM I exam obtain the certificate that confirms their fundamental proficiency in the Scrum framework. With this sought-after certification, you can demonstrate to your potential employer that you have a solid understanding of Scrum as defined in the Scrum Guide and know how to apply it in Scrum Teams. Getting certified opens doors to multiple employment opportunities. Some of the job roles that you will be able to take up are as follows:

• Product Manager
• Development Team Member
• Software Developer
• Software Engineer
• Senior Project Manager
• Business Analyst
• Agile Coach
• Team Leader
• Software Engineering Manager
• Project Manager

Additionally, the Scrum PSM I certification is highly advantageous in financial terms. According to PayScale, the average salary that the certificate holders can earn amounts to $92,567 per annum. Depending on a particular position and your level of experience, this sum can be much higher. For instance, holding the role of a Senior Project Manager can bring you around $110,000 per year, while the title of a Software Engineering Manager comes with $145,000 per annum.

Exam Topics

The PSM I certification exam covers the questions that are united in the focus areas as defined in the Professional Scrum Competencies. Each of these domains unites the specific objectives that the candidates are required to study before attempting the test. The questions that appear in the exam ask you to interpret the meaning from the Scrum Guide or explain how you would apply Scrum within a Scrum Team. The focus areas included in the Professional Scrum Master level I test are outlined below:

• Developing People and Teams

  Within this focus area, the candidates need to prove their competency in self-organizing teams, facilitation, leadership styles, coaching & mentoring. This domain contains practical approaches to personal self-development that equip an individual with the knowledge and skills needed to increase team collaboration.

• Understanding and Applying the Scrum Framework

  This topic encompasses a good understanding of Scrum theory, how it is founded on empirical theory, a solid knowledge of Scrum principles and values, events, roles, artifacts, scaling and the Definition of Done (DoD). Effective usage of the Scrum framework requires a comprehension of the Scrum Values as well as the tenets of Empiricism to enhance the performance of the enterprise. The Scrum framework is made up of Scrum Teams as well as their corresponding Roles, Artifacts, and Events. Each of these elements within the framework has a specific function and is essential for its successful implementation.

• Managing Products with Agility

  Within this section, the practitioners should demonstrate their knowledge of product value, forecasting and release planning, product vision, product backlog management, business strategy, stakeholders and customers. The Product Vision helps align product development with the Business Strategy of an enterprise, including the strategic goals, while an emphasis on the Product Value deals with continuous improvements to the product.

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