PRODUCT OWNERSHIP PRACTICES
Project Management to Product Development
HOW TO 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
WHO ARE PRODUCT TEAM MEMBERS?
A dedicated team of business and technology experts who work in an agile mindset and self-organization concepts to deliver incremental value quickly
PRODUCT AGILITY FLOW
HOW TO CAPTURE AN IDEA?
Use this syntax to define an idea:
Our solution ...
KEY CRITERIA'S TO CAPTURE AN OBJECTIVE
The problem statement
Objective in detail
Priority (High, Medium or Low)
Size (Small, Medium, Larger or Extra Large)
Primary Business Value
Secondary Business Value
Definition of Done
User Feedback so far...
Planning Cycle - Strategic Planning, Decision Making, Set Expectations and New Product Innovation Initiatives:
Fiscal Year Planning
Fiscal Year Goals Setup
Identifications of Risks and Opportunities
Continuous Planning with Leaders
Monthly Sync/ Update to Leadership
One or Two or Three Weeks Iteration Planning
Sprint Planning / Team Planning
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
ROLES & RESPONSIBILITIES
Product Ownership Roles & Responsibilities:
Build vision, roadmap, backlog, planning, guide development teams, approve stories, test, release and measure outcome.