Shivanjali BhutkarBringing Technology and Business togetherNa, Ca, United States
As a PM, when prototype is failing the expectations and needs rescheduling, which affects budget- what are the risks and mitigations to consider? Saving Changes...
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Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
Some risks off the bat - not enough budget, team member capacity is time-bound, market viability. Mitigation - release a minimal viable product to market with incremental releases for continual improvement, request additional budget, ensure team members are allocated as need. Saving Changes...
As Andrew has indicated, the two main concerns are: project delivery failure (i.e. inability to deliver a prototype within constraints) or product viability failure (i.e. prototype does not meet customer expectations or market viability is weak).
The first can be partially addressed through good risk management, upfront architecture & design, time-boxing & cost-boxing, whereas the second requires good product management and adaptability to change.
