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Assessing the value of a product backlog item hinges on the premise that one must ship the product to validate its worth. Every item in the backlog represents a hypothesis regarding value addition, which can only be confirmed post-delivery. To ensure effective evaluation, it's vital to deliver a functional version to users promptly, facilitating early feedback and closing the loop on validation. This approach emphasizes the necessity of balancing speed and quality, where releasing an appropriately developed product allows for real insights into its success or shortcomings.