Posts Tagged Business Value
Sometimes it feels like the agile community knows the cost of everything, and the value of nothing. We have clever ways to measure velocity and to estimate the size (and therefore cost) of pieces of work, and we like to obsess over these. But when do we ever quantify the value which will be delivered by a piece of work? Relative value is taken into account when a product owner prioritises higher value stories in the backlog, and some methodologies do take a shot at quantifying business value nowadays, but I don’t see much evidence of teams trying to quantify the value of a piece of work either before, or after it is delivered.
Deming says “Plan, Do, Check, Act“. But most of the time it just feels like “Plan, Do, Plan Do, Plan Do”.
I salute this team which puts the revenue at stake right on the card for everyone to see. If this is job is blocked for a day – is it a big deal, or not? Look at the revenue at stake. It’s a big deal.