{"id":1880,"date":"2019-08-12T02:28:55","date_gmt":"2019-08-12T02:28:55","guid":{"rendered":"http:\/\/kusuaks7\/?p=1485"},"modified":"2024-05-03T12:11:29","modified_gmt":"2024-05-03T12:11:29","slug":"value-based-prioritisation-the-building-block-of-any-agile-methodology","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/bigdata-cloud\/value-based-prioritisation-the-building-block-of-any-agile-methodology\/","title":{"rendered":"Value Based Prioritisation – The Building Block of Any Agile Methodology"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tValue based prioritisation should be at the centre of any organisation and form the building block of any agile methodology. Companies that prioritise their strategy by value adapt quicker and work iteratively to continuously deliver a more valuable product to their customer, and at a much faster rate than their competitors. Working this way ensures that every team member is directing their energies for the same goal to unlock the full potential of the business.<\/em>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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On the surface, you may think this already happening. Some boards are setting objectives related to the customer or efficiency but too often this message gets diluted due to an inconsistent approach to determining value and prioritisation. Often, decisions are not based around customer value because customer thinking isn’t extended throughout the value chain. Frequently, when decisions are taken in isolation work that could offer true customer value is\u00a0missed altogether. For example, fixing certain tech debt is often prioritised without the consideration of customer value, which in turn creates waste. Value may be lost due to legacy processes, such as planning, budgeting and forecasting, which can slow organisations down.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\tHowever, there are different types of value to consider but whatever your organisation chooses as part of their prioritisation, they all come back to the customer. Other types of value include:\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Commercial - How much revenue or profit does this work create?<\/strong><\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • A new version of a software package that customers will pay for to acquire.<\/li>\n \t
  • Being able to send a bill to a customer for the work that was done.<\/li>\n \t
  • Improve the subjective value of the application so people are willing to pay more for it, something Apple is quite good at.<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Market - How many new customers will we be able to serve?<\/strong><\/h3><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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