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Product value

Last post 06:37 pm November 7, 2022 by Dayana kolathanda
3 replies
06:52 am October 29, 2022

Could you help me share what will be the measure of the value of the product?

Customer feedback only?


12:22 am November 1, 2022

Have you taken a look at Evidence-Based Management (EBM)?

https://www.scrum.org/resources/evidence-based-management

Some value examples: Revenue, Cost Savings, Customer Satisfaction, Feature Usage, Emlpoyee Satisfaction


12:51 am November 1, 2022

Could you help me share what will be the measure of the value of the product?

What does the Product Owner think?  That's who's accountable for value, and for ensurimg that the investment being made in the product is worthwhile.

If you are the Product Owner, ask yourself what would happen if product development suddenly stopped. Who (if anyone) would complain, and why?


11:39 am November 7, 2022

Probably am trying to add in few facts which I have faced while being PO:

 

1.why would product development stops?

list out the reasons :

1.External factors: no customer absorbs the product?

2. Doesnt it solve the pain points collected during customer interview?

3.Is it market relevant?

4.Investors dont want to fund it further?

5. Competitors have better features where customers are not looking forward to features?

6.We didnt understand the customer initial requirement right.

 

 

 


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