Business value is a widely discussed topic but has recently become increasingly associated with the Agile philosophy. Scrum practices and Agile project managers need to understand what business value is just like the Product Owner role or product managers.
As a Project Manager or Product Owner, regardless of the level of project management I am assigned, I share my views on the business value of our Agile company. I will reference the publication in the PolicyMatters Magazine.
Agile Organizational culture
An Agile organizational culture I perceive as the general climate at work. An organization is not just “how the activity goes”, but is the structure of people (managers, contractors, clients…). I put organizational culture first because it can include all other topics (human relations; business-to-human relationships; employee behavior, skills, and maturity; human resources; work processes; overall contribution; time to market; reduction of surpluses in the organization and among the teams (time, money, labor); shortened production processes; usability, usefulness and value of products; customer and customer satisfaction) without innovation.
Innovation – I put it second because I think routine kills the desire to work, while innovation stimulates creativity and increases efficiency.
Work processes – with well-structured, defined, clear, and understandable work processes, the distribution of work and achievement of results can be based on a solid foundation and limit and reduce the impact of negative factors that inevitably arise in a project.
Human resources – “without people, work is not done”. Human resources cover as sub-topics – behavior, skills, and maturity of employees; total contribution; human relations.
Consumer and customer satisfaction – the purpose of any activity, in addition to generating income, is to achieve customer and customer satisfaction
- Relationships between business and people
- Behavior, skills, and maturity of employees
- Human relations
- Total contribution
- Usability, usefulness, and value of the products
- Shortened production processes
- Reduction of surpluses in the organization and among the teams (time, money, labor)
- Time to reach the market
20 main examples of added business value
BVOP created its BVOP Ultimate Guide and included a section named 20 examples of added business value. I am going to introduce each of them.
Organizational culture provokes people to be proactive, to contribute, to share, and to be aware of the business goals of the organization – achieved through personal example of management through ethical behavior and demonstration of respect, through a streamlined structure and clear division of responsibilities.
Modernization and innovation – is achieved through the introduction and use of new methods and approaches to work, as well as new equipment.
People in the organization show respect for each other and work productively – it is achieved through organizational culture, but also through a good human resources management system that evaluates the overall and individual contribution.
The number of people leaving the organization is limited to a minimum – it is achieved with a good organizational culture, as well as good relations between colleagues and teams.
Conflicts and negative environments are minimized – achieved through timely and fair resolution of conflict situations, preventing the spread of rumors and gossip.
The image of the organization increases – it is achieved through successful results, good work climate, innovation.
Everyone in the organization is constantly improving their personal and professional qualities – it is achieved through sharing, sharing the reasons that led to successful work as an example and a lesson and encouraging the improvement of more than one quality of people.
More on the topic
Business value in organizations and adding business value to projects and products
Business value is an economic term, but nowadays there is a practical application for companies, projects, and products being developed. https://eduwiki.me/business-value-in-organizations-and-adding-business-value-to-projects-and-products/
Examples of Business value-added for organizations, projects, and products
There are 24 main examples of the added value of BVOP with a short explanation… https://mstsnl.net/examples-of-business-value-added-for-organisations-projects-and-products/
Managing business organizations and adding business value.
An Agile Manager’s Guide to the Theory of BVOP.org https://www.vbprojects.org/13-examples-of-added-business-value-by-bvop-org/
How to add business value to your business organization’s projects
Business value is a concept of economics and business disciplines that gives an abstract explanation of essential activities in business processes. https://brightonbot.com/how-to-add-business-value-to-your-business-organizations-projects/
Delivering business value: The most important aspect of project management
Scrum Master the role and removal of team obstacles
Team members seek and remove obstacles without waiting for management to do so – achieved through good coordination and organizational structure, promoting proactivity. This theme is typical of Scrum teams in which the Scrum Master role teaches the development team proactivity and independence.
Management and team members work together to optimize processes and speed up development time – achieved by linking results to pay, as cost optimization is part of the indicators in assessing the work done.
Costs are managed and planned carefully – it is achieved through optimization of work processes, and the environment is improved according to possibilities.
The tools and the environment are constantly improving – it is achieved through modernization and promotion of innovations, proactive thinking.
Unnecessary documents, processes, and communications are avoided – achieved through cost management and process optimization.
The main causes of problems, defects, and obstacles are analyzed, tracked, and eliminated – achieved through timely response, problems and conflicts can not be postponed because the work processes are interconnected and the “chain reaction” to negative development must be avoided. at the stages of the project.
Quality standards are followed and implemented without significant loss of time and resources – achieved through clearly and well-defined standards for “quality”, division of responsibilities, clear responsibilities.
Fatigue is managed and teams do not spend too much time on trivial tasks – it is achieved by “simplifying” (for example – avoiding unnecessary documents, processes, and communications) processes, good communication (for example – the goal is to achieve understanding from the first meeting).
The documentation and requirements are created and maintained in an easy and convenient style so that everyone understands them with ease and saves time from unnecessary discussions and misunderstandings – is achieved with good organization of processes.
Meetings and discussions do not lead to a waste of time and always lead to desired results – it is achieved through quality communication (understanding from the first meeting).
Product development focuses on the most important goals and needs – achieved through good work at the “marketing” stage.
All results, concepts, and versions of the products are validated with real users, and the risk of an unwanted product is limited – it is achieved through good organization of the stage of “implementation” and “testing”.
Customer and consumer satisfaction is constantly growing – achieved through the provision of quality innovative products.
Additional topics: proactive thinking, common contribution, staff incentive system, organizational ethics.