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THE 8 STEPS FOR LEAN STARTUP PROJECT MANAGEMENT (LSPM)
                 “The 8 Habits of ALL Highly Successful Innovators and Blue Ocean-Lean Startups”
 BUMP Discovery Project        BUMP-Tool Fitness Project             Customer Growth Project           Company Maturity Project
              Collaboratively Document and Solve Big Urgent Market Problems (BUMPs) in Real Time


   1. TEAM                                       2. LEAP                                      3. DESIGN

    Form a “Co-creation Dream Team”              Complete the Project Charter that           Document and review trade-offs
     for managing the ecosystem of the             describes customer, big problems,            in ecosystem (business model) for
     lean startup project as well as               vision, resources, and duration as           existing (‘as is’) analogs & antilogs
     identifying needs of stakeholders             well as success criteria (ROI; cust.        Devise plan (hypotheses/assump-
    Look for synergy in ecosystem                 experience) for startup project              tions) & design (‘to be’) strategy

   8. PERSEVERE OR PIVOT                                     ITENNWH
                                                              THE 8 STEPS                     4. BUILD
                                                                FOR
    Repeat spiral of steps to achieve                     LEAN STARTUP                        Assign finish date and metrics to
     product-market fit/value proposi-                 PROJECT MANAGEMENT                      planned project activities or tactics
     tion/vision/mission. Then, scale                         (LSPM):                          State verifiable targets, criteria, or
    Otherwise, pivot (on the strategy/                 Roadmap, Workflow, and                  milestones for each activity/tactic
     vision). Abandon the project???                         Deliverables                      Build prototype: Min. Viable Prod.

   7. LEARN                                      6. REVIEW                                    5. MEASURE

    Analyze gaps/failures/successes              Review progress and gaps of lean            External Validation: Get out of the
    Anticipate future adoption and                startup project: daily/weekly/               enterprise and test most critical
     weakest links. Devise experiments             monthly/quarterly/annually                   risks & assumptions of ecosystem
    Summarize/Share lessons learned              Determine and document what                 Internal Validation: Test and
    Summarize/Share insights                      next activities to do                         validate internal assumptions



              SHARE WITH COLLEAGUES. Creative Commons License. VDD University for Lean Startup Project Management
              Dr. Rod King. rodkuhnking@sbcglobal.net & http://businessmodels.ning.com & http://twitter.com/RodKuhnKing

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8 Steps for Lean Startup Project Management (LSPM)

  • 1. THE 8 STEPS FOR LEAN STARTUP PROJECT MANAGEMENT (LSPM) “The 8 Habits of ALL Highly Successful Innovators and Blue Ocean-Lean Startups”  BUMP Discovery Project  BUMP-Tool Fitness Project  Customer Growth Project  Company Maturity Project Collaboratively Document and Solve Big Urgent Market Problems (BUMPs) in Real Time 1. TEAM 2. LEAP 3. DESIGN  Form a “Co-creation Dream Team”  Complete the Project Charter that  Document and review trade-offs for managing the ecosystem of the describes customer, big problems, in ecosystem (business model) for lean startup project as well as vision, resources, and duration as existing (‘as is’) analogs & antilogs identifying needs of stakeholders well as success criteria (ROI; cust.  Devise plan (hypotheses/assump-  Look for synergy in ecosystem experience) for startup project tions) & design (‘to be’) strategy 8. PERSEVERE OR PIVOT ITENNWH THE 8 STEPS 4. BUILD FOR  Repeat spiral of steps to achieve LEAN STARTUP  Assign finish date and metrics to product-market fit/value proposi- PROJECT MANAGEMENT planned project activities or tactics tion/vision/mission. Then, scale (LSPM):  State verifiable targets, criteria, or  Otherwise, pivot (on the strategy/ Roadmap, Workflow, and milestones for each activity/tactic vision). Abandon the project??? Deliverables  Build prototype: Min. Viable Prod. 7. LEARN 6. REVIEW 5. MEASURE  Analyze gaps/failures/successes  Review progress and gaps of lean  External Validation: Get out of the  Anticipate future adoption and startup project: daily/weekly/ enterprise and test most critical weakest links. Devise experiments monthly/quarterly/annually risks & assumptions of ecosystem  Summarize/Share lessons learned  Determine and document what  Internal Validation: Test and  Summarize/Share insights next activities to do validate internal assumptions SHARE WITH COLLEAGUES. Creative Commons License. VDD University for Lean Startup Project Management Dr. Rod King. rodkuhnking@sbcglobal.net & http://businessmodels.ning.com & http://twitter.com/RodKuhnKing