Nordea Bank Product Owner Interview Questions and Answers

Q1. Tell the overall workflow how a product owner works
Ans. 
Product Owner works closely with stakeholders to prioritize and manage the product backlog.
• Collaborate with stakeholders to gather and prioritize requirements

• Create and maintain the product backlog

• Work with development team to ensure requirements are understood and implemented correctly

• Participate in sprint planning, review, and retrospective meetings

• Communicate progress and updates to stakeholders
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Q1. What's is requirement gathering? Do you know what is BRD ? And why it's used for? Please explain how to have sprint planning with the team?
Ans. 
Requirement gathering is the process of collecting and documenting requirements from stakeholders.
• Identify stakeholders and gather their requirements

• Document requirements in a clear and concise manner

• Prioritize requirements based on business value and feasibility

• Review and validate requirements with stakeholders

• Update requirements as needed throughout the project

• BRD stands for Business Requirements Document, used to ou...read more
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Case study around numbers and solution to a problem. The focus is basically on how the problem is approached and not the solution alone.

Q1. Compensation and other discussions regarding location and policies.
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Q2. Questions about the kind of work setup that would be preferred, remote or hybrid.
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Quant and Logical Reasoning

Q1. About product life cycle
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Q2. Product backlog
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Q1. Tell the overall workflow how a product owner works
Ans. 
Product Owner works closely with stakeholders to prioritize and manage the product backlog.
• Collaborate with stakeholders to gather and prioritize requirements

• Create and maintain the product backlog

• Work with development team to ensure requirements are understood and implemented correctly

• Participate in sprint planning, review, and retrospective meetings

• Communicate progress and updates to stakeholders
Answered by AI
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Case study on lead management and need to give a presentation with details

Q1. What's is requirement gathering? Do you know what is BRD ? And why it's used for? Please explain how to have sprint planning with the team?
Ans. 
Requirement gathering is the process of collecting and documenting requirements from stakeholders.
• Identify stakeholders and gather their requirements

• Document requirements in a clear and concise manner

• Prioritize requirements based on business value and feasibility

• Review and validate requirements with stakeholders

• Update requirements as needed throughout the project

• BRD stands for Business Requirements Document, used to ou...read more
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Q1. What are your salary expectations?
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Q2. Share details of your previous job.
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Q3. Why are you looking for a change?
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Q1. What is the current product you are working on?
Ans. 
We are currently working on a project management tool for small businesses.
• The tool will have features like task assignment, progress tracking, and team collaboration.

• We are using agile methodology to develop the product.

• We have conducted user research and incorporated feedback into the design.

• The product will have a mobile app and a web-based platform.

• We are aiming to launch the product in Q3 of this year.
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Q2. What is the current organisational structure?
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Q3. What are the business numbers?
Ans. 
Business numbers refer to the key performance indicators (KPIs) that measure the success of a business.
• Examples of business numbers include revenue, profit margin, customer acquisition cost, and customer lifetime value.

• These numbers are used to track the performance of a business and make data-driven decisions.

• Business numbers can vary depending on the industry and the specific goals of the company.

• Regularly monitoring...read more
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Q4. What are the major projects undertaken by you? Explain them a little
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Q5. What are the processes followed by the firm to run the product?
Ans. 
The firm follows Agile methodology to run the product.
• The product is developed in sprints of 2-4 weeks.

• The team holds daily stand-up meetings to discuss progress and roadblocks.

• The product backlog is maintained and prioritized by the Product Owner.

• The team conducts sprint planning, review, and retrospective meetings.

• The product is tested and validated by the QA team before release.

• Customer feedback is collected and inc...read more
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Q1. What are the major projects undertaken by you? Explain them in detail
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Q2. What is the biggest problem faced in the current product? What are the processes being put forth to improve them?
Ans. 
The biggest problem faced in the current product is poor user experience.
• Users find it difficult to navigate through the product.

• The product lacks certain features that users expect.

• The product is slow and unresponsive at times.

• The design of the product is outdated and unappealing.

• To improve the user experience, we are conducting user research to identify pain points and areas for improvement.

• We are also working on imp...read more
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Q3. Take me through your Product being handled by you
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Q1. What's the biggest challenge you had to address when making your projects live
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Q2. What are your expectations from the current role and why Axis?
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Case study around numbers and solution to a problem. The focus is basically on how the problem is approached and not the solution alone.

Q1. Compensation and other discussions regarding location and policies.
Add your answer
Q2. Questions about the kind of work setup that would be preferred, remote or hybrid.
Add your answer