Estimates are never wrong! Reduce the cost of delay than trying to right the estimates.Apeksha Patel
schedule 5 months agoSold Out!
Estimates are just that, estimates. They are never wrong and never right! Many teams get into the trap of getting the right estimates. In the process of getting the right estimates, they lose the focus on the product vision. This can reduce
- The effectiveness of the team leading to higher Cost of Delay(CoD)
- The efficiency of the team leading to higher cost of production
If the teams don't build the right product, they end up increasing
- Cost of rework
- Cost of relearning
- Sunk cost
- Opportunity cost
The cost of delay is much more than not getting estimates right. Higher the cost of delay, lower the revenues and lower the ROI. Lower ROI can lead to unhappy work environments, chasing cost reductions and loss of brand image. Scrum is well suited to reduce the cost of delay through incremental delivery.
ROI also depends on efficient ways of working. Wastes in Product Development can significantly reduce the ROI even if the revenues are higher. Scrum provides a cadence for teams to take a step back, reflect on ways of working to reduce cost of production as well. All in all Scrum is well designed to increase the ROI for the organizations by helping teams to reduce both Cost of Delay and Cost of Production.
Enhancing Agile Team Dynamics with tweaks in our day to day tasksPranathi Birudugadda
schedule 6 months agoSold Out!
Agile Teams are known to focus on customer satisfaction. However, the agile principles go beyond software development. It’s a mindset for people who need a management approach that builds consensus quickly in a fast-paced environment. The biggest challenge today in software development is not technology. What actually still stumps us is the people factor. Software Engineering has tried-and-true answers for most of what enterprise systems need. How to enable several engineers working together to achieve effectiveness is still an open question. Attempts at answering it pop up every day from different schools of thought. The more we try, the more we realize a fundamental truth: people teams are complex.
The Project Management discipline has discussed the subject of team building almost to exhaustion. Organizations are hungry for a checklist they can apply to make people work better together. The truth is that experience shows you can't actually build a team. Building implies you can make a big effort to create a stable foundation that stays up indefinitely. A more appropriate term for teams would be to grow, meaning to cultivate.
When I look back at how I have managed to cope up with all those challenges in my early career days, I realized a few things and activities have certainly helped me do so.
In this talk, I will be discussing a few practices that can be included in our day to day activities that would help to grow the team dynamics.