Skip to main content

Are you delivering value to the Customer and Organization?

Delivering value to the Customer and Organization:

Ask below question to your self to find the answer.

  1. When we are delivering Product or Service?
  2. Are we delivering value? 
  3. To whom we are delivering value?
  4. What value we are delivering?
  5. When we are delivering value?

All  the above questions are answered in two context, one is customer happiness and organization's ROI ($).

All companies ultimately come down to one element i.e.: MONEY.

When customers are happy, good culture, process followed for the quality and timely delivery of the product or service will make (and save) us more money.

As a Manager we are in the business for generating money for the customer and improving customer satisfaction.

Both are relevant and connected.

The actual value will be delivered during every release (scrum), as mentioned in the below chart.

As a (Project/Product/Program) manager we need to work on below activities:
  • Creating roadmap
  • Business cases
  • Analyzing the industry and competition
  • Product strategy
  • Product launch
  • Auditing results
  • Sustaining product
  • Re-engineering product
  • Product retirement
You should recognize that the value should be delivered to the customer at the earliest. Using "Scrum" makes this more evident. Refer above chart.
 
Below value metrics will help you to create value:
  • Revenue
  • Investment
  • Operating cost
  • Profit
  • Customer satisfaction
  • Employee satisfaction
  • Repeat customers
  • Customer referrals
  • Time to market
  • Growth
  • Market share
  • Market drivers (conducting events, roadshow, royalty program, gift coupons, campaigning)



 

Comments

Popular posts from this blog

Scaled Agile Framework (SAFe)

The Scaled Agile Framework (SAFe) is a set of organizational and workflow patterns for implementing agile practices at an enterprise scale. The framework is a body of knowledge that includes structured guidance on roles and responsibilities, how to plan and manage the work, and values to uphold. Scrum is a simple, flexible approach to adopting Agile that's great for small teams. SAFe is an enterprise-wide Agile framework designed to help bring Agile beyond the team and into the company as a whole. Scaled Agile has built a comprehensive level that includes all the four layers called the team, program, large solutions, and portfolio level. 4 Layers: Portfolio - Strategy, Vision, Roadmap, Strategy goal, Decision making, Budget, Portfolio level metrics,  Program - Align multiple teams towards a common mission, Bring together all the Agile teams, transparency, collaboration, and synchronisation, Scrum of Scrums, Product Owners to define the overall vision. Large Solutions - ar...

Risk Register

A project risk register is a tool project managers use to track and monitor any risks that might impact their projects. Risk management is a vital component of project management because it's how you proactively combat potential problems or setbacks. Risk Description Impact Risk Response Risk Level Risk Owner Automation Testing Software licence delay Delay in starting testing and project schedule impact As we have one licence. Planned to start automation testing in 2 shifts. Planned to get one more licence in 2 weeks’ time. High IT team Frequent Disruption in dependency API services Delay in development of integration and unit testing Dependency API service is down, and the team is working on resolving the issue. Continuously working with API team High External Team/ Project Manager There is chance of new requir...

Delivering a project within budget

 Here are some tips for delivering a project within budget: Set a realistic budget Define the project's scope and necessary resources, and create a budget that's realistic. Cost estimate Segment the project into smaller tasks and milestones to plan how to use resources and provide clarity. Divide the project plan Break down the project into tasks to avoid late deliverables and over-budget projects. Monitor progress Regularly track the project's progress to identify and prevent cost overruns. Use progress reports to compare actual costs to the budget. Anticipate and revise changes Communicate with stakeholders to identify and assess risks, and assign owners to each risk. Consider different scenarios Estimation can be difficult for complex projects with many potential outcomes. Tracking: Tracking time spent on tasks, Tracking expenses per project, and Using project management software. Use Historical Data Your project is likely not the first to try and accomplish a specific o...