What's the difference betwee The three V's and Transparency, inspectation, adaptation?
I've recently obtained my PSPO I certificate and have been reading the book 'The professional product owner'. In the chapter 'vision' the three V's are metioned: vision, value, validation. I am struggeling to see how this works differently then 'transparency, inspection, adaption'. The three V's sounds like it just has a different timespan.
Could someone please explain a little more in depth what the purpose is of vision, value, validation?
Transparency, inspection, and adaptation are an empirical means of validated learning. You could think of the value of a product as being directed by a vision and confirmed by validation. The difference you are seeing is less an issue of timespan and more one of bottom-up intelligence.
3Vs are supported by empiricism but they are not the same thing.
Vision is like a North Star. Inspirational and aspirational. To be effective as a North Star, Vision needs to be Transparent, meaning both visible and understandable. Vision may be inspected and adapted.
Value and Validation require empirical learning. Backlogs are essentially ordered heaps of hypothesis. Backlog items represent potential value that can only be realized and validated once in the hands of our users/customers. We inspect and adapt our backlog based on validated learning.