In an agile organization, the business value of deliverables is determined by their ability to meet the needs of the stakeholders and contribute to the overall objectives of the organization. Here are some factors that are typically considered when determining the business value of deliverables in an agile organization:
- Customer Satisfaction: The primary goal of an agile organization is to deliver products that meet the needs of customers. The business value of a deliverable is often determined by how well it satisfies the needs and expectations of customers. Prioritizing deliverables based on their business value is a key component of Agile. This helps the team to focus on the most important features and functionality that will provide the highest value to the customer.
- Return on Investment (ROI): Another key factor in determining the business value of a deliverable is its potential to generate a positive ROI. This is typically measured by comparing the cost of developing the deliverable to the potential revenue or cost savings that it can generate.
- Time to Market: Speed to market is critical in today's fast-paced business environment. Deliverables that can be developed quickly and delivered to market faster than competitors can provide a significant business advantage.
- Quality: The quality of deliverables is also important in an agile organization. Products that are of high quality are more likely to satisfy customers, generate positive reviews, and generate repeat business.
- Adaptability: Agile organizations need to be able to adapt quickly to changing business requirements and market conditions. Deliverables that are flexible and can be easily adapted to changing conditions are highly valued.
- Strategic Alignment: Deliverables that are aligned with the overall strategic objectives of the organization are more likely to be considered valuable. Products that support the organization's core values and mission can contribute to the overall success of the organization.
- Stakeholder Satisfaction: In addition to satisfying customers, agile organizations need to ensure that other stakeholders, such as investors, employees, and partners, are also satisfied with the deliverables. The business value of a deliverable is often determined by its ability to meet the needs of all stakeholders.
In summary, the business value of deliverables in an agile organization is determined by a combination of factors, including customer satisfaction, ROI, time to market, quality, adaptability, strategic alignment, and stakeholder satisfaction. By focusing on these factors, agile organizations can deliver products that meet the needs of customers and stakeholders while contributing to the overall success of the organization.
$50M in Sales on Amazon & Shopify as Seller and Advisor.
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