Certified Scrum Master Practice Test

Who is responsible for cost management in Scrum?

1. Product Owner

2. Scrum Master

3. Development Team

4. Stakeholders

The correct answer is: Product Owner

The correct answer is the Product Owner. In Scrum, the Product Owner plays a crucial role in managing and maximizing the value delivered by the team. This includes making critical decisions about the product backlog, prioritizing items based on value and return on investment, and ensuring that the team is working on the most valuable features based on customer needs and business objectives. The Product Owner is also responsible for understanding market conditions and stakeholder requirements, which influences cost management. By prioritizing and clarifying the product vision, the Product Owner ensures that the team is focused on delivering value effectively, ultimately impacting costs by preventing wasted effort on less valuable features. Other roles, such as the Scrum Master and the Development Team, have their own responsibilities focused on facilitating the Scrum process and delivering quality increments, respectively, but do not specifically manage costs in the same direct way as the Product Owner. Stakeholders provide input and feedback but do not have the responsibility for cost management within the Scrum framework.