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What is the purpose of maintaining a Product Backlog?

  1. To create a final project report

  2. To track project costs

  3. To prioritize and manage work requirements

  4. To record team meetings

The correct answer is: To prioritize and manage work requirements

The purpose of maintaining a Product Backlog is fundamentally to prioritize and manage work requirements. The Product Backlog serves as a dynamic and ordered list of items that represents the work needed to achieve the project goals. It is an essential aspect of Scrum as it provides a transparent view of what the team will work on next, facilitating effective planning and prioritization based on business value and urgency. By continually refining and prioritizing the backlog, the Scrum team can ensure that they are working on the most valuable features first, allowing them to respond quickly to changing requirements and stakeholder input. This management of work requirements helps to align the efforts of the development team with the project's objectives, ensuring efficient use of resources and time. In summary, maintaining a Product Backlog is crucial for effective project management in Scrum, enabling teams to focus on delivering the highest value in their iterations.