There is always much debate between different practices and methodologies which usually cascade into subjective opinions and preferences. In this talk we will explore some of the key principles behind Agile, Lean, Lean startup and traditional waterfall methods in context to the product domain you are working within. We will explore how iterative Agile and Lean delivery models benefit learning and exploration, whilst comparing the contextual application, risks benefits and pitfalls of different methodologies.
5. ANNUAL PERFORMANCE TRAP
Jeremy Hope, 2003. Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap. Edition. Harvard Business Review Press.
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6. UNCERTAINTY—IN THE ECONOMY, SOCIETY, POLITICS—
HAS BECOME SO GREAT AS TO RENDER FUTILE, IF NOT
COUNTERPRODUCTIVE, THE KIND OF PLANNING MOST
COMPANIES STILL PRACTICE: FORECASTING BASED
ON PROBABILITIES
Peter Drucker
THE NEED FOR ADAPTIVE MANAGEMENT
22. BUILDING A NEW APP
I WANT TO USE
FEATURES A&B
I WANT TO USE
FEATURES
A,B,C
I WANT TO USE
FEATURES A,B,C,D,E
I WANT TO USE
FEATURES
A,B,C,D,E,F,G
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23. BUILDING A PRODUCT
1. 7 FEATURES
2. EACH FEATURE :
1. 1 WEEKS TO PLAN
2. 2 WEEKS TO DEVELOP
3. 1 WEEKS TO TEST
3. WHEN YOU DELIVER YOUR FEATURES, YOU
EARN $1K PER WEEK PER CUSTOMER
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24. WATERFALL PLAN
7 WEEKS PLANNING
14 WEEKS DEVELOPING
7 WEEKS TESTING
4 Customers
7 Features
Earnings $0
Start To Earn $4k pw
28wks Dev
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25. ITERATIVE RELEASE TO CUSTOMER SEGMENTS
4 Weeks
A B
C
D
E
F
G
8 Weeks 12 Weeks 16 Weeks 20 Weeks 24 Weeks 28 Weeks
$4k
$12k
$20k $32k
$44k
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30. “THE LEAN STARTUP METHOD TEACHES YOU HOW TO
DRIVE A STARTUP-HOW TO STEER, WHEN TO TURN, AND
WHEN TO PERSEVERE-AND GROW A BUSINESS WITH
MAXIMUM ACCELERATION.”
http://theleanstartup.com/principles
LEAN STARTUP
34. VERSION OF A NEW PRODUCT WHICH ALLOWS A TEAM TO
COLLECT THE MAXIMUM AMOUNT OF VALIDATED
LEARNING ABOUT CUSTOMERS WITH THE LEAST EFFORT
LEAN STARTUP
WHAT IS AN MVP
37. BUSINESS MODEL CANVAS
Alex Osterwälder & Yves Pigneur
• Innovation Tool
• Lightweight, Visual and Flexible
• Collaborative And Responsive
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38. YOUR PRODUCT IS NOT THE PRODUCT
1. It is important to realise that a product or service idea is not
sufficient for success.
2. You could have a good idea, but if you do not have a good
business model to support it, then your business will fail.
3. It is not enough to just have a good product, it must be
delivered to customers in a manner that is sustainably
profitable.
A lot of people focus too much on just the product.
4. But the same amount of effort needs to be put into developing
the business model.
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43. EXPERIMENTATION - LEARN FAST
1. Pick riskiest assumption from Business Model Canvas
2. Brainstorm a few different tests, offline and online
3. Try to break the test into even smaller units of work
4. Choose test & define testable hypothesis
5. Set a goal (minimum success criteria)
6. Run the test (try to hit the goal)
7. Review results and make a decision
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53. IT’S BEEN A PLEASURE
THANK YOU
craig.strong@gohubble.com
craig@strongandagile.co.uk
@craigstrong
uk.linkedin.com/in/craigstrong/
www.LeanProductLifecycle.com
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