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Topics: Agile, Information Technology, Scrum
Define Business Value in Agile Scrum Product Development
Hi everyone,

As part of a thesis I would like to understand better what metrics are useful in Agile methodology, more precisely regarding business value and ROI.

What process or tools are you using to estimate business value and prioritize feature's development ?

What kind of budget analysis do you do ? At what pace (monthly, quarterly, yearly) or what level (user story, feature, theme, epic...) ?

Thank you for your answers !

Constance Fiorito
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Constance -

A technique such as WSJF would use a relative sizing method to assess business value (rather than an absolute or "real world" metric based one).

It is rare that a PO could actually assign a dollar value to the benefits of a specific work item.

Kiron
There are many questions in your post. You need to find here not the answers but the redirect to site where you can search about the answers. You know, for a thesis you have to do your own research to create conclusions. If you are talking about methods to estimate features you have diferent from MoSCoW to WSJF. Some of them use value as a component and the way to assign value is from historic information and market research to using Fibonacci series. About budged analisys you can find from EVM to other alternatives. So, my recomendation, if you are focused on Scrum then go to the web sites of the organizations that are using it without forgetting PMI´s standards no matter it could be consider more "generalist".
Hi Kiron, Sergio.

Thank you for your answers.

I do know about these techniques. I am considering them and try to put things into perspective by asking about people their practices and discoveries using it.

Sergio, thank you for the recommendation, I will do it for sure.

Constance
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1 reply by Sergio Luis Conte
Jul 09, 2022 11:31 AM
Sergio Luis Conte
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You are welcome. I can not put links here because this is not allowed by PMI´s administrator of this site (when I did that in the past I received a message with a warning and my comment was deleted). But go to SAFe framework web site (Scaled Agile Framework), go to Portfolio or Full picture and take a look by clicking into image. My actual work place is implementing SAFe and I am in charge of it for Latin America. While I am not an advocated of SAFe I think it will help just a checklist to understand what you are asking for and continue your research. Beyond that, inside the PMI´s standards (not version 7, avoid it) you will find references too.
Jul 09, 2022 10:23 AM
Replying to Constance Fiorito
...
Hi Kiron, Sergio.

Thank you for your answers.

I do know about these techniques. I am considering them and try to put things into perspective by asking about people their practices and discoveries using it.

Sergio, thank you for the recommendation, I will do it for sure.

Constance
You are welcome. I can not put links here because this is not allowed by PMI´s administrator of this site (when I did that in the past I received a message with a warning and my comment was deleted). But go to SAFe framework web site (Scaled Agile Framework), go to Portfolio or Full picture and take a look by clicking into image. My actual work place is implementing SAFe and I am in charge of it for Latin America. While I am not an advocated of SAFe I think it will help just a checklist to understand what you are asking for and continue your research. Beyond that, inside the PMI´s standards (not version 7, avoid it) you will find references too.

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