Archive for the ‘Product Options’ Category

Factors for Making Value-Based Product Decisions

Wednesday, December 14th, 2016

Value

Making value-based decisions on what to deliver and when it needs to be delivered is one of the most important responsibilities of product ownership. What exactly is value? Value is fair return in goods, services, money, or some other benefit in exchange for something.

Value is what you get in exchange for what you give. In software development, we tend to identify value in terms of features. They are related to be sure, but quite different. Features as cohesive bundles of functionality that align with business goals and objectives. Features can come in various formats and levels of granularity, including user stories, minimum marketable features, minimum viable product, epics, and so on. Continue reading | 1 Comment

Focus on Value: 4 Factors Every Team Should Consider

Tuesday, June 17th, 2014

1Most of our clients share the same goal: deliver value. Yet often we find that these same clients cannot define what value looks like for their companies, or determine how to use value to inform project decisions.

We’ve identified 4 key factors to help your team bring value into focus:

  • Involve the Right People
  • Define Value Transparently
  • Look Toward the Short Term
  • Have the Vision to Change

Involve the Right People

Defining a product’s desired result, before building it, is fundamental to that product’s success. To do this successfully, you need to identify all of the key stakeholders from the customer, business, and technology realms. These stakeholders need to work together, as collaborating product partners, to envision the product, define goals, and specify measurable objectives, thereby creating a high-level view of the desired product outcomes. Having these key markers will ensure that the team is always building the most valuable thing. Continue reading