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How a product owner can maximize the Business value?

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Agilemania Blog
  • Naveen Kumar Singh
  • Sep 1st 2017

Who Is Product Owner?

The Product Owner as per the definition is the owner of the product.  They should have a clear vision of product that  they are leading with a well-defined knowledge in the product domain.

The Product Owner should know what to develop as per the needs of the business or customer. The product owner comes up with the product vision after taking part in the user interviews, conducting the survey or going through business need that clearly define what next we are developing and why.

Once the product vision is formed, then the product owners conduct workshop with the business, discusses the business requirements through various techniques such as impact mapping, affinity mapping. Then they come up with the product roadmap visualizing list of features to achieve product vision. Roadmap get visualized through product backlog.

Product Owner Maximize Value By Prioritization And Ordering Product Backlog Items




Product Owner prioritizes the requirements (product backlog items) and adds all other requirements into the product backlog.  They use different types of prioritization techniques like MoSCoW, value proposition, business value or Kano Model to prioritize backlog.

Maximize the business value by continuous prioritization and ordering of product backlog items are the core skills of a good Product Owner. Product Owner does this to ensure most valuable work get completed as early as possible. Based on prioritization, product owner prepares product roadmap for short-term and long-term. Product roadmap usually includes detailed work items for 2 - 3 sprints and high level features, visions for longer durations.



Product Owner Collaborate With Development Team to Maximize Value


She presents the product backlog items to the development team through backlog refinement and sprint planning meetings. She clarifies the requirement to the team and answer their queries. Product Owner and Development team defines the acceptance criteria for refined work and they do it together.

The product owner  manages the releases by taking care of the scope and ensures development team is aware about changing scope by making product backlog transparent. It is the duty of the product owner to bring the best from the team to achieve the business value.

A good product owner gives authority to the team to express their views, accepts their inputs and suggestions related to the product and do not force the team to complete more product backlog items. He lets the team to make a commitment for the user stories based on their capacity for the sprint.

Required Skills for Product Owner to Maximize Value


Product owner should be good in agile concepts, core product knowledge area support area. Below are some of the skills that a good product owner demonstrates.

Source of Reference - http://www.romanpichler.com/


 
Agilemania Blog

Naveen Kumar Singh

Naveen is a Lean-Agile Coach, Professional Scrum Trainer (PST) and Internationally acclaimed Speaker in many Conferences and Agile events.

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Non proident maiore second third four first six seven ten developer ret Agile Certification, Agile Training, BDD training, Scrum Certification, scrum for developer, Scrum Training, TDD training testing BDD training, BDD training in Bangalore, DevOPs training in Bangalore, Scrum, scrum for developer, Scrum for tester, scrum master, Scrum Training, Scrum Training in Bangalore, TDD training, tdd training in Bangalore Agile, Agile Training, Estimation, Scrum, scrum for developer, Scrum for tester, scrum master, Scrum Training Past Webinar Agile Product Development, Agile Scrum training, Traditional Project Management product backlog Spillover in Scrum sprint planning User story test scrum fg Agile Scrum training, Scrum Certification, scrum master, Scrum Master Training SAFe agile SAFe,Product owner LPM SAFe,PI planning agile-coaching agilemania testing,agilemaina,testing tools ,Build a customer-centric ,product using Scrum to maxi Agile Training CSD training CSM training CSP CSPO Training CST Scrum scrum for developer Scrum for tester scrum master Agile Metrics Agile Scrum training Scrum Master Role Scrum Master Interview Questions scrum master Agile Certification Professional Scrum Trainer professional scrum trainer professional scrum master scaling agile scaling agile scaling RTE SPC SPCT Empowering Teams,SAFe Stream Map Agile Retrospectives Mistakes Project Management PSM,CSM Digital Transformation Agile Testing, Agile Testing Training, ATDD,bdd, Scrum for tester, SpecFlow scrum master, scaling scrum, scaling agile scrum for developer, Large scale scrum software plan, scrum for developer, agile planning scrum for developer, scrum master, planning scrum coaching, agile assessment technical debts, Agile Metrics Agile Team ssm Scaled Agile Product Owner Scrum Training in Bangalore Product Manager Business Owner Resolving Conflict Conflict Resolution Techniques Product Backlog Refinement Sprint Retrospective Sprint Planning Scrum Master Interview Questions Scrum Interview Question Agile Interview Question agile coaching Creative Professional Agile Coaching Managers Safe Scrum Master Agile Governance Self-organizing Teams Agile Persona Mapping Scrum Certification CALMR Role Of Product Owner Agile Scrum Training APM Agile Product Product Management KPIs Business Agility SAFe 6.0 Definition of Done Digital Marketing SAFe Agilist Certification SAFe® Agile Certification Benefits of SAFe SAFe Agilist BDD training BDD training in Bangalore DevOPs training in Bangalore Scrum Training TDD training tdd training in Bangalore WSIF SEO DevOps Sprint JIRA PSM Agile Facilitation Feedback Loop Gold SPCT User Stories Acceptance Criteria TDD Agile Framework Technical Agility Velocity Agile Software Development SAFe vs Scrum SAFe Scrum Master vs just Scrum Master Scrum Vs. Kanban Agile Coach Enterprise Agile Coach Agile Testing Pair Programming Scrum Teams PI planning PERT CPM Delivery Pipeline Project Management Tools Agile Certification BDD training Scrum Certification Value Flow ICAgile Digital Transformation Large scale scrum Measuring Scrum Sucess Organizational Agility Agile Coaches Leadership Management
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