Lesson 9 - Innovation in the Value Stream Flashcards
What kind of Pivot?
A different market need is confirmed.
- Customer problem pivot
- Customer segment privot
- Feature pivot
- Value exchange model pivot
Customer problem pivot
A different market need is confirmed.
True or False
Epics are created when we feel things are big
False
Epics are created when they reach a centralized documented “threshold”. This can be about labor, duration, types of work and other policies governed by the LPM.
True or False
Epics are containers just for linking things together.
False
On face value, what typically doesn’t NPS scores give you?
The reasons behind the score.
Net Promoter Score
What is a Passive?
- 7 or 8
- 6-8
- 5-8
- Meh
7 or 8
What kind of Pivot?
The product may resonate with a different customer.
- Customer problem pivot
- Customer segment privot
- Feature pivot
- Value exchange model pivot
Customer segment pivot
The product may resonate with a different customer.
Net Promoter Score
What is a Detractor?
- 0 - 3
- 0 - 4
- 0 - 5
- 0 - 6
0 - 6
Leading indicators are a form of:
- Portfolio Kanban
- Guardrails
- Innovation Accounting
- Horizon Planning
Leading indicators are a form of:
Innovation Accounting
True or False
An Epic Owner could be a Developer.
True
Not likely but if the effort was on a legacy system in theory someone who shepherds an artifact through and explains the risks might be best served by someone who has lived the legacy system everyday for years.
Net Promoter Score
What is a Promoter?
- 10
- 9 or 10
- 8-10
- A cheerleader.
9 or 10
Go Promoter go go go!
The Epic Owner is someone that must:
- Financially sponsor the initiative.
- Understand the initiative in full technical detail.
- Have leadership authority to make tough decisions.
- Shepherd the epic through the portfolio approval process.
The Epic Owner is someone that must:
Shepherd the epic through the portfolio approval process.
Once the Epic’s anticipated outcome hypothesis has been proven true:
- Epic = Done, Features = Implementing
- Epic = In Progress, Features = Implementing
Once the Epic’s anticipated outcome hypothesis has been proven true:
Epic = Done, Features = Implementing
The purpose of the Epic is to be a requirements container to gain financial approval. Once financial approval and oversight is no longer needed, the Product Managers on the train should run through Features and PI Roadmaps.
Linkages of Epics with Features is just for post rollup but the Epic is infact done once the hypothesis is proven true and financial approval granted.
Once the Epic’s anticipated outcome hypothesis has been evaluated it is considered:
- Approved
- Done
- In Progress
- Scoped
Once the Epic’s anticipated outcome hypothesis has been evaluated it is considered:
Done
The purpose of the Epic is to be a requirements container to gain financial approval. Once financial approval and oversight is no longer needed, the Product Managers on the train should run through Features and PI Roadmaps.
Horizon Planning / Investments: What Horizon am I in?
Stable Solutions that deliver value with minimal investment. Money from this horizon feeds others.
- Horizon 3 (Evaluating)
- Horizon 2 (Emerging)
- Horizon 1 (Investing)
- Horizon 1 (Extracting)
- Horizon 0 (Retiring)
Horizon 1 (Extracting)
Stable Solutions that deliver value with minimal investment. Money from this horizon feeds others.
What kind of Pivot?
The Solution’s course is changed around a specific PI deliverable.
- Customer problem pivot
- Customer segment privot
- Feature pivot
- Value exchange model pivot
Feature pivot
The Solution’s course is changed around a specific PI deliverable.
PIs work in Features.
True or False:
Once the Epic’s anticipated outcome hypothesis has been proven false we either pivot with a new hypothesis or stop work on the Epic
True
The Epic Owner is someone that must:
- Make the decision to pivot or perserve.
- Guide the epic through implementation in parallel with Product Management.
- Write the Lean Business Case.
- Design the MVP.
The Epic Owner is someone that must:
Guide the epic through implementation in parallel with Product Management.
True or False
Epics require financial approval.
True
Which artifact?
Aquire data that proves or disproves the hypothesis statement.
- MVP
- Lean Business Case
- Epic
MVP
Aquire data that proves or disproves the (Epic) hypothesis statement.