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Denver startup week outcome based roadmaps

  1. OUTCOME-BASED ROADMAPS: UNLEASH THE POWER OF A SHARED VISION & PURPOSE September 16, 2019
  2. DIVERSITY, EQUITY, INCLUSION & ACCESSIBILITY At Denver Startup Week we strive to make all of our session a space where attendees can connect, learn, and grow - regardless of gender identity, gender expression, race, ability, sexual orientation. and the combination of those identities. As you leave today and throughout the week, introduce yourself to someone who doesn’t look like you or who may identify differently than you. #DENSTARTUPWEEK
  3. TRACK SPONSORS
  4. TITLE SPONSORS
  5. HEADLINE SPONSORS PARTNER SPONSORS MEMBER & FIELD GUIDE SPONSORS
  6. Agenda ● Introductions ● Current challenges ● A Strategy Based On Outcomes ● Define Product Management ● Adapt the Legacy Roadmap ● Q&A
  7. Kelsey Stevenson Director of Product Bitly Jason Doherty Solution Principal Slalom Thomas Vela Consultant Slalom Introduction
  8. Current Challenges
  9. 96% Of all innovations fail to return their cost of capital - Doblin Group
  10. 92% Of startups failed within 3 years - Genome Startup Report
  11. How many people here feel like they are stuck in a feature factory?
  12. The Build Trap When companies measure success by outputs rather than OUTCOMES - Melissa Perri
  13. A STRATEGY BASED ON OUTCOMES From outputs to outcomes
  14. Ideas are easy. Solving customer problems and achieving objectives is hard.
  15. Managing Uncertainty Limit of what we know today From: The Art of Action Big Hairy Audacious Goal Where We Are Today Future Options Known Options Future Future Options!
  16. Play the Odds ● Less than 1 in 7 product ideas see the light of day [Bain] ● 19 in 20 initial product experiments fail [Amazon] ● 60% of product decisions use the HiPPO method [ThoughtWorks] Lessons Learned ● Don’t optimize for the case where we are right ● Discover what is valuable to customers ● Create feedback loops to validate ideas and assumptions
  17. Maximize Learning Good product people maximize learning velocity ● Discover the right products to build before writing code ● Valuable, usable, feasible, viable ● Iterate to Success ● Highly aligned leadership and teams
  18. Netflix Strategy Circa 2007 Vision: “Becoming the best global entertainment distribution service, licensing entertainment content from around the world, creating markets that are accessible to film makers, and helping content creators around the world to find a global audience.” Principles: “Delight customers in margin-enhancing and hard-to-copy ways” Key Strategies Tactics Metrics Personalized Ratings Wizard Netflix Prize Percentage of customers who rate > 50 titles at 6 weeks RMSE Instant Hub Expansion Streaming Percentage of disks delivered in one day. Percentage of customers who watch > 15 min/mon Margin-Enhancing Previously viewed Advertising Price & Plan testing Gross Margin LTV Easy Simplify and kill Progressive Disclosure Percentage of customers with > 3 titles in queue on day one
  19. “Strategy is a deployable decision making framework, enabling action to achieve desired outcomes, constrained by current capabilities, coherently aligned to the existing context.” - Steven Bengay, The Art of Action
  20. Resources Activities Outputs Outcomes Impacts Goals From Outputs to Outcomes
  21. Product Vision Goal Goal Outcome Ideas Solution Feature Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Outcome Outcome Outcome Business Impacts Principles/Values Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Strategy Discovery Delivery Solution Solution Solution Ideas Solution Feature Feature Feature Feature Story Story Story Story Story Story Story Story Story Story Story Product Leadership focuses here.
  22. A compelling vision of the future for our product ● Sets direction and defines where we are headed ● Explains why our product exists ● Timeless Align leadership and teams Create an impact on the lives of your customers, as well as your organization. Product Vision
  23. Goals Defines how you will achieve your vision. Objectives that are specific, measured and time-bound ● Directly tied to the product vision ● Provides focus ● SMART, OKR, BHAG
  24. Outcomes Measurable changes in customer behavior. ● Directly tied to goals ● Achieving an outcome → achieving a goal
  25. Combining Outcomes with OKRs OKRs are Objectives and Key Results ● Goals are the objectives ● Outcomes are the key results One objective can (and often should) have many key results.
  26. Opportunities Opportunities are the identified: ● customer problems or pains ● customer gains; or ● jobs to be done that, if addressed, would result in the desired outcomes. Focus on key opportunities to achieve outcomes. Deep knowledge of the customer, the data and the market.
  27. Create Alignment with Strategy Product Vision Goal Goal Outcome Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Outcome Outcome Outcome
  28. Ideas & Solutions Ideas are how we solve problems. Ideation is a generative exercise. Be a scientist ● Create many options ● Validate assumptions & ideas before building solutions ● Most ideas probably won’t have the impact you expect - at least in the first version ● Hypotheses, Design Sprints and Design Thinking
  29. Validate your ideas and assumptions Validate potential solutions with experimentation and data. Solutions are a convergent exercise. Define explicitly (write down): ● what customer problem you are solving ● when you will know you are successful ● why you are solving it ● how you will test your hypothesis.
  30. Opportunity Solution Trees Desired Outcome See https://www.producttalk.org/2016/08/opportunity-solution-tree/
  31. https://medium.com/ansarada-thinking/confessions-of-a-former-feature-factory-pm-74bd58496951
  32. Features and Stories Features deliver value to customers or solve customer problems. Features are outputs that must drive measurable outcomes. ● Release early and often to maximize learning velocity ● V1 rarely has the impact - iterate to success ● Build - Measure - Learn ● Keep going until you achieve the objective
  33. Delivering the wrong feature faster still delivers no value.
  34. Product Vision Goal Goal Outcome Opportunities are: ● Customer Problems ● Customer Pains ● Customer Gains ● Job to be Done Get product teams to focus on key opportunities. Ideas Solution Feature Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Outcome Outcome Outcome Business Impacts Principles/Values Outcomes are measurable changes in customer behavior that will help you achieve your goal. Focus on 2-3 SMART outcomes per goal. Goals are the major objectives we need to achieve in order to reach our product vision. Aim for 2-3 SMART goals at a time. What is the vision for our product in 5 years time? Will that achieve our business impacts? What guiding principles, values and guardrails do we want teams to apply at all times? What ideas do we want to validate to solve the opportunities? How can we test these hypotheses cost effectively/efficiently? Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Strategy Discovery Delivery Which ideas have we validated as solutions to customer problems that are worth building? Solution Solution Solution Ideas Solution Feature Feature Feature Feature Only build features to production grade that have a high likelihood of solving the customer problem and achieving our objectives. Story Story Story Story Story Story Story Story Story Story Story Product Leadership focuses here. Use normal Scrum/SAFe for delivery. Measure story impact, learn, and then iterate on them to create value.
  35. Defining Product Management
  36. Product Management Business Impacts Product Vision Goals Opportunity Outcomes Principles/Values Strategy Product Leadership Strategy Ideas Solutions Features Discovery Product Discovery Operational Delivery Stories Measure Impacts Product Delivery Tactical
  37. Executives Delivery Teams Builds trust and accountability in the team Increases motivation & morale for the team Product Management
  38. Cross-functional Product Teams Product Team PM UX Dev Dev Dev QE Lead Product Discovery Team Delivery Team
  39. ADAPT THE LEGACY ROADMAP
  40. Instagram vs Reality
  41. Roadmap vs Reality https://www.aha.io/roadmapping/guide/product-roadmap
  42. The Value of a Product Roadmap ● “Creating a product roadmap helps communicate direction and progress to internal teams and external stakeholders. A product roadmap is a plan for how your product is going to meet a set of business objectives” Aha ● “The first purpose is because the management of the company wants to make sure that the teams are working on the highest business value items first. The second purpose is because since they’re trying to run a business, there are cases where they actually need to make date-based commitments, and the roadmap is where they see and track those commitments.” Svpg.com, Marty Cagan ● “A product roadmap is a high-level visual summary that maps out the vision and direction of your product offering over time. A product roadmap communicates the why and what behind what you’re building.” ProductPlan
  43. The Value of a Roadmap
  44. The Foundation of Communication ● A Tool for Strategy ○ Product Goals ○ Desired Outcomes ○ Plan for Discovery ● Now, Next, Future… ● A Tool for Status ○ Solutions ○ Features ○ Stories ● Sprints, Months, Quarters... Roadmap Release Plan
  45. Product Vision Goal Goal Outcome Ideas Solution Feature Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Opportunity Outcome Outcome Outcome Business Impacts Principles/Values Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Ideas Strategy Discovery Delivery Solution Solution Solution Ideas Solution Feature Feature Feature Feature Story Story Story Story Story Story Story Story Story Story Story Product Leadership focuses here. Roadmap Release Plan
  46. Example Roadmaps It’s about the story you tell, not the tool.
  47. Anatomy of an OBR Goal Double DAU Goal Go big in Europe with 35% usage Current (4Q2019) Next (1H 2020) Future Expand deeper into EU Enter Eastern European EU market by 1Q2020 Outcome Title Customer behavior A changes from X% to Y% by date Z. EU Usage Mobile worker DAU increased 30% in EU by 28 Feb 2020 Vision: Be the #1 mobile workforce management application for hotel maintenance across the Americas and Europe. 2020 Goal: Be used daily by 4% of hotel maintenance crews in European target markets by July 30 2021. Compliance Needs Full GDPR compliance by 1Q2020 Increase Native Language Use 35% of all application usage is in Portuguese, French or Spanish by end 2020 Integrations with A and B by 2022 Work in Your Language Customers create a work order in their native language within 5 min of app download by 31 Dec 2019 Total Downloads Daily app downloads up 80% by 1H2020 Daily Use At least 80% of all app users manage at least 5 work orders weekly. Themes Time horizons Include your vision and Objectives
  48. https://productcoalition.com/outcome-driven-product-roadmap-f705c49032b2
  49. https://melissaperri.com/blog/2017/02/15/product-roadmaps
  50. Recommended Reading
  51. What can go wrong? ● No Product Strategy ● Top Down Outcome Setting ○ Outcomes and metrics are not negotiated ○ Outcomes unrealistic, nonspecific or not achievable ○ Misaligned leadership ○ Command and control (vs mission command) ● Team doesn’t yet know how to validate ideas ○ Start each day with data and measurement ○ Insufficient time to validate (guessing), or not time bound at all (spinning) ○ Features masquerading as outcomes ● Unintended consequences / conflicting OKRs ● Technology over customer value ● Value chain development
  52. A roadmap is not a plan, a roadmap is a strategic communication device.
  53. Q&A
  54. THANK YOU!
  55. Kelsey Stevenson Director of Product Bitly Thomas Vela Consultant Slalom Jason Doherty Solution Principal Slalom CONTACT US - use your camera to connect right to our profiles
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