Lecture 4: Producing Value Flashcards

1
Q

Define your product with ….

A
  • Precision

- Creativity

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2
Q

Precision

A

Accountable, less interesting, less paid

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3
Q

Creativity

A

Not accountable, more interesting, better paid

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4
Q

Clients’ recruitment

A
  • Identify a theme
  • Define the applicability domain
  • Potential clients should see how an idea may be relevant to them
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5
Q

Defining your product (phases 8)

A
  1. Providing information
  2. Solving problems
  3. Effective diagnosis
  4. Recommending Actions
  5. Implement change
  6. Building Consensus & Commitment
  7. Facilitating Client Learning
  8. Organizational Effectiveness
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6
Q
  1. Providing information
A
  • Professionals have a responsibility to
    explore the underlying needs of their clients
  • Often the client just needs to make better use of data already available
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7
Q
  1. Solving problems
A
  • Difficult problems to solve
  • Explore the context of the problem
  • Respond to the client’s implicit needs
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8
Q
  1. Effective diagnosis
A
  • Accurate diagnosis is formed sometimes strains the consultant-client relationship, since managers are often fearful of uncovering difficult situations for which they might be blamed.
  • Joint consultant-client task forces
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9
Q
  1. Recommending actions
A
  • The consultant recommends, and the client decides whether and how to implement -> Work with your client as a team
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10
Q
  1. Implementing changes
A
  • Effective work on implementation problems requires a level of trust and cooperation that is developed gradually throughout the engagement
  • Know your client and build your strategy accordingly
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11
Q
  1. Building consensus and commitment
A
  • Educate the client, but listen all the time to what they say!
  • Design and construct a process for
    1. building an agreement about what steps are necessary
    2. establishing the momentum to see these steps through
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12
Q
  1. Facilitating client learning
A
  • Include members of the organisation in the process
  • Help to cope with future challenges
  • Identify client learning needs
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13
Q
  1. Organisational effectiveness
A

Ability to adapt future strategy and behavior to environmental change (consider the entire picture!)

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14
Q

Key Performance indicators

A
  • Velocity
  • Workload Distribution
  • Velocity Trend
  • Scope burn-up
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15
Q

Velocity

A

Velocity measures the number of Story Points Accepted (by the Product Owner)

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16
Q

Workload Distribution

A

Total Workload measures the number of Story Points for each Sprint

17
Q

Velocity Trend

A

Velocity Trend measures percentage velocity variations between one and previous Sprint

18
Q

Scope burn-up

A

Total Workload vs Accepted measures

19
Q

Sector Knowledge

A
  • You sell yourself as an expert in a certain sector e.g. data science
  • A sector can be perceived differently by different people
  • Be flexible and open
  • Work on your narrative
  • Good balance between precision and creativity
  • Acquire and share knowledge with the client
20
Q

Professional Report

A
  • You need to target your writing to your audience
  • Structure
  • > Executive summary
  • > Introduction and background
  • > Factual/contextual information
  • > Findings
  • > Recommendations
  • > Appendices