ITIL4® – Seven Guiding Principles “A guiding principle is a recommendation that guides an organization in all circumstances.” One of the most important components of the ITIL Service Value System is the ITIL Guiding Principles. A guiding principle is nothing but...
Product Strategy and Product Roadmap
Product Strategy and Product Roadmap Product Strategy describes how the long-term goal is attained. It includes the product’s value proposition, market, key features and business goals. Product Roadmap shows how the product strategy is put into action by stating...
Tracking Business Case in PRINCE2
Tracking Business Case in PRINCE2 PRINCE2 stresses that a project should have a valid business case. The purpose of the Business Case is to judge whether the project is (and remains) desirable, viable and achievable. Which aids to support decision making in projects...
Difference between PO and Business Analyst
Difference between Product Owner (PO) and Business Analyst (BA) Role of the Business Analyst Role of a Business Analyst involves the following activities Understanding the business needs from various stakeholders Eliciting requirements using various techniques...
What is a Product?
What is a Product? Product is something that satisfies a Business Need. Product delivers value to the stakeholders (internal or external). Product has a clear boundary, customers and achieves some measurable value. A tangible product is a physical object that can be...
What is a Product Goal?
What is a Product Goal? Product Goal provides a high level view about the destiny of the product and defines the end goal for the product. It broadly answers the questions of Why are we doing it? – The reason why we are building What does it solve? – Need...
Product Lifecycle
Product Lifecycle Product lifecycle is a set of stages that a product generally goes through from its envisioning to the product being taken off from the market. Broadly the product lifecycle curve looks like this Development Stage This stage is generally before the...
Choosing Right Pilot for Agile Implementation
Choosing Right Pilot for Agile Implementation Many students ask me how to choose a pilot? To ensure success of your transformation, it is really important to choose a right pilot. Below I will give a few suggestions. These suggestions have worked for me in while...
Writing a Variable Scope Contract/SoW
Writing a Variable Scope Contract/SoW There are Two ways of looking at our work. The primary constraints of any project include Scope, Cost, Time and Quality. I have represented them in the following diagram as “The Traditional Way” and ” The New...
Adjusting Master Contracts during Agile Transformations
Adjusting Master Contracts during Agile Transformations I was part of the vendor team for a large Dutch bank where work was being done in the traditional framework, using multiple vendors. The financial industry had changed drastically from 2008 onward due to a series...