Book Image

Lean Product Management

By : Mangalam Nandakumar
Book Image

Lean Product Management

By: Mangalam Nandakumar

Overview of this book

Lean Product Management is about finding the smartest way to build an Impact Driven Product that can deliver value to customers and meet business outcomes when operating under internal and external constraints. Author, Mangalam Nandakumar, is a product management expert, with over 17 years of experience in the field. Businesses today are competing to innovate. Cost is no longer the constraint, execution is. It is essential for any business to harness whatever competitive advantage they can, and it is absolutely vital to deliver the best customer experience possible. The opportunities for creating impact are there, but product managers have to improvise on their strategy every day in order to capitalize on them. This is the Agile battleground, where you need to stay Lean and be able to respond to abstract feedback from an ever shifting market. This is where Lean Product Management will help you thrive. Lean Product Management is an essential guide for product managers, and to anyone embarking on a new product development. Mangalam Nandakumar will help you to align your product strategy with business outcomes and customer impact. She introduces the concept of investing in Key Business Outcomes as part of the product strategy in order to provide an objective metric about which product idea and strategy to pursue. You will learn how to create impactful end-to-end product experiences by engaging stakeholders and reacting to external feedback.
Table of Contents (19 chapters)
Lean Product Management
Contributors
Preface
Another Book You May Enjoy
Index

Business context defines everything we do


"Universal law is for lackeys. Context is for kings."– Captain Lorca, Star Trek: Discovery.

When the Agile manifesto was created in 2001, software practitioners were calling for a change in the way that software was delivered. The waterfall model of software development, which was predominant, required that software specifications and business requirements were frozen upfront. There was very little room for change. Change had to be avoided because changing anything midway would increase costs and timelines. Waterfall had evolved as a way to handle software development processes based on the limitations of the software technology of that time. Much of software development then was about automating manual processes or building bespoke technology solutions. Technology has since evolved a lot. It has become increasingly flexible and inexpensive to build technology solutions with direct consumer impact. The focus for software builders has expanded to include customer satisfaction and is no longer about just meeting budgets and timelines.

There are many frameworks (Scrum, XP, and so on.) that offer a methodology for software teams to focus on user experience and customer value. They foster team collaboration and enable teams to respond to change. The guiding principles behind these frameworks are noble, but failures always happen in how these principles are put into practice.

Without context, intent, and outcomes being defined, even well-meant advice can go waste. This is because we're humans and not honeybees. We are driven by purpose, we are lazy and we are imaginative. People can conjure up images of success (or failure) where there is none. They plan, speculate, and adapt. They try to optimize for imagined future situations. We know that a sense of purpose is crucial to rallying a group of diverse, independent, and creative people to come together and effect change (or even build great products). The problem is this is exactly where we seem to fail time and again.

We fail because we focus on the wrong stuff. We try to predictably measure productivity in a creative profession. We over-engineer solutions to nonexistent use cases. Software engineering is an interesting field of work. It's like an artist and a mathematician coming together to generate business value! Yet, we treat software engineering like automobile manufacturing. I know amazing software engineers who can churn out beautiful and working software, but their pace of delivery is not predictable. Every person has their own pace, and style of working, which is a problem for project managers. When we have strict timelines and budgets to meet, how do we commit if there is so much subjectivity? Software teams have spent a lot of time inventing processes to accurately predict engineering efforts. Estimations, planning activities, functional scoping, and progress reporting have gained a lot of visibility in this context. We focus too much on engineering practices.

Software product development is missing out on a great opportunity here. By carrying over software delivery frameworks of meeting timelines, budgets, and customer satisfaction, we are in a way restricting ourselves to looking at outputs instead of outcomes. It is time that we changed our perspective on this. Product management shouldn't be about measuring effort or productivity. Product management shouldn't be about measuring output. Instead we should focus on product outcomes. What value are we creating for the customer? What outcomes is the product helping the business to meet? How can we execute a plan to achieve this in the smartest way possible? So how do we measure these outcomes?