About This E-Book EPUB is an open, industry-standard format for e-books. However, support for EPUB and its many features varies across reading devices and applications. Use your device or app settings to customize the presentation to your liking. Settings that you can customize often include font, font size, single or double column, landscape or portrait mode, and figures that you can click or tap to enlarge. For additional information about the settings and features on your reading device or app, visit the device manufacturer’s Web site. Many titles include programming code or configuration examples. To optimize the presentation of these elements, view the e-book in single-column, landscape mode and adjust the font size to the smallest setting. In addition to presenting code and configurations in the reflowable text format, we have included images of the code that mimic the presentation found in the print book; therefore, where the reflowable format may compromise the presentation of the code listing, you will see a “Click here to view code image” link. Click the link to view the print-fidelity code image. To return to the previous page viewed, click the Back button on your device or app. The Professional Product Owner LEVERAGING SCRUM AS A COMPETITIVE ADVANTAGE Don McGreal Ralph Jocham Boston • Columbus • Indianapolis • New York • San Francisco • Amsterdam • Cape Town Dubai • London • Madrid • Milan • Munich • Paris • Montreal • Toronto • Delhi • Mexico City São Paulo • Sydney • Hong Kong • Seoul • Singapore • Taipei • Tokyo Many of the designations used by manufacturers and sellers to distinguish their products are claimed as trademarks. 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This book is not sponsored or endorsed by or affiliated with the Microsoft Corporation. All rights reserved. This publication is protected by copyright, and permission must be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. For information regarding permissions, request forms and the appropriate contacts within the Pearson Education Global Rights & Permissions Department, please visit www.pearsoned.com/permissions/. ISBN-13: 978-0-13-468647-9 ISBN-10: 0-13-468647-0 1 18 To my incredibly patient, supportive, and awesome wife Marita; also, to my little M&M’s, Meagan and Molly, for being constant sources of laughter, love, and inspiration. —Don To my family—thanks for your understanding and lasting support. All of this, the travels, the long hours, would not have been possible without you. Natacha, you are the best and I love you. Noémie and Anaïs, thanks for keeping me down to earth. You are the best daughters I could wish for. —Ralph CONTENTS Foreword Introduction Acknowledgments About the Authors PART I Strategy Chapter 1 Agile Product Management Quiz Product Mindset versus Project Mindset What Is Product Management? The Product Management Vacuum and the Three Vs Vision Value Validation Product Management and Scrum The Product Owner Defining a Product Quiz Review Chapter 2 Vision Quiz Business Modeling Business Model Canvas Product Vision Focused Practical versus Emotional Pervasive Visioning with Scrum Technical Strategy Quiz Review Chapter 3 Value Quiz Value Defined Delivering Value Value Metrics Evidence-Based Management Current Value Time to Market Ability to Innovate Tracking Metrics Where Your Money Goes Negative Value Visible Invisible Value Neutrality Perversion of Metrics Quiz Review Chapter 4 Validation Quiz Stakeholder Feedback Marketplace Feedback Minimum Viable Product Minimum Viable Product through Kano MVP Patterns Promotional MVP Mining MVP Landing Page MVP Wizard of Oz MVP Single-Feature MVP Pivot or Persevere Quiz Review PART II Scrum Chapter 5 Empiricism Quiz It’s a Complex Problem Certainty Quiz Visualizing Complexity Cynefin Obvious Complicated Complex Chaos Putting It All Together Types of Complexity Managing Risk Quiz Review Chapter 6 Scrum Quiz Why a Framework? The Pillars of Scrum Transparency Inspection Adaptation Scrum Roles