Giving a Speech

How do you define a product?

  • A solution or a service that delivers a value to customer's advantage.

  • The benefit is optimized via business or technical or by both business and technical context

What is a product roadmap?

  • Product roadmap is a visual flow of vision, direction, priorities, short-term and long-term goals, alignment with business values between leaders and with integrated dependency teams including internal and external

What do you mean by a product team?

  • A dedicated team of business and technology experts who work in an agile mindset and self-organization concepts to deliver incremental value quickly

OUR PRODUCT AGILITY FRAMEWORK

SENSE

IDEATE

DECIDE

TEST

SCALE

PROTOTYPE

How to Capture an Idea?

For...

Who...

The...

Is an...

That...

Unlike...

Our Solution...

How to develop a Product Roadmap?

Consider the questions:

  • Objectives ...

  • The Problem Statement...

  • Description in Detail 

  • Priority...High ... Medium ...Low... 

  • Job Size... Small... Medium... Large...

  • Primary Business Value ...$ Value, Cost Savings, Soft Benefits or Risk Mitigation or Other 

  • Secondary Business Value ...

  • Audience...

  • Outcome / Definition of Done (DoD)...

  • Dependencies...

  • Timeframe & Milestone Dates...

  • Risks...

  • User Feedback ...

Prioritization based on:

  • User Value

  • Business Value

  • Time Urgency

  • Risk 

  • New Opportunities

Identify Job Size:

  • Small

  • Medium

  • Large

  • Extra Large

Bucketing Exercise:

  • Bucket 1

  • Bucket 2

  • Bucket 3

  • Bucket 4

Key criteria's to document an objective

Mingling

PLANNING CYCLE

FISCAL YEAR PLANNING

ITERATION PLANNING

QUARTERLY PLANNING

CONTINUOUS AGILE PLANNING

Planning Cycle Recommendations: 

Planning Cycle - Strategic Planning, Decision Making, Set Expectations and New Product Innovation Initiatives:

 

  1. Fiscal Year Planning 

    • Fiscal Year Goals Setup

  2. Quarterly Planning

    • Identifications of Risks and Opportunities 

  3. Monthly Sync with Leaders

    • Monthly Report / Update to Leadership 

  4. One or Two or Three Weeks Iteration Planning 

    • Sprint Planning / Team Planning

 

 

Planning Process:

 

The planning process is a collaborative effort across the organization. High-level details, estimates, and cross-functional team plans are drafted and reviewed with Management. 

 

This process combines both internal and external perspectives, including financial planning and forecasting, operations timelines, team commitments and vendor & supplier commitments. 

Our Goals and Objectives: 

Organize teams, projects, products, services, solutions and portfolio’s with minimal negative impact to business, and influence change wherever is possible

All initiatives/ideas are divided into three categories:

  • Improve (Maintain Existing Business) - Improve business analytics, tech-enabled research, standardized learning plans & simplified best practices 

  • Grow (Proactive Planning for Growth Opportunities) - Scale systems that enable faster connections and signals of changing market landscape, and build a scenario driven analytical models (explain what might happen in the future)

  • Create (New Development) - Develop turnkey data & analytics solutions and apply science based methods to assessments, validations, measures and impact

Product Development Roles & Responsibilities

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