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CONFIDENTIAL | 1
CONFIDENTIAL | 2
Featured Project:
The Wroclaw West Bypass, Poland
Trusted by the world’s largest projects
Pivots for real: how we've
hacked up some data to
know we've hit the mark
Mark Smith @markjdsmith
CONFIDENTIAL | 3
Obligatory Who am I
CONFIDENTIAL | 4
BidContender
• Online Tender Management platform that has connected builders and subbies
on $48 billion in projects this year
CONFIDENTIAL | 5
Stories -> Hypothesis
120 Points =
done
http://www.agileproductdesign.com/
CONFIDENTIAL | 6
How to know what’s of value?
• Experiments, validated learning, testing things
Read it, loved it, but… when it
came to it. How?
CONFIDENTIAL | 7
Torres format hypothesis
http://www.producttalk.org/2014/11/the-5-components-of-a-good-hypothesis/
CONFIDENTIAL | 8
Hypothesis Wall
CONFIDENTIAL | 9
CONFIDENTIAL | 10
CONFIDENTIAL | 11
Data Measures Outcomes
CONFIDENTIAL | 12
Share your data using online apps, not IT, and not Excel
Geckoboard
DataHero
CONFIDENTIAL | 13
Then build until the number moves…
4 Weeks
CONFIDENTIAL | 14
or doesn’t.
2 weeks
CONFIDENTIAL | 15
Data can be sourced from anything…
• Don’t feel you need to build amazing infrastructure to get it
CONFIDENTIAL | 16
Fake it `til you make it.
CONFIDENTIAL | 17
TV’s are essential
CONFIDENTIAL | 18
The motivation is palpable
CONFIDENTIAL | 19
The journey from spec to outcome
CONFIDENTIAL | 20
An example
Hypothesis
2 X Transactions
FeaturesOutcomes
$
Say, 20/ month 40/ month &
growing
Many
iterations of
price,
duration
offer, app,
marcomms
CONFIDENTIAL | 21
Waterfront City, Australia | US $788M Value
Goals drive hypotheses
CONFIDENTIAL | 22
Goal Hypothesis* Measure
* Many of these,
in a hierarchy
CONFIDENTIAL | 23
Discover the drivers for your goals (Impact Mapping)
The Goal
Who needs to
change
Ways we can
drive change
Down here –
you’re just
guessing
(hypothesis!)
http://www.impactmapping.org/
CONFIDENTIAL | 24
The ‘guesses’ down the tree can be stated as
hypothesis
.
We believe that if we
implement semi
automated invites we
will see the number of
invited friends increase
x% within 1 month
CONFIDENTIAL | 25
Goals are the outcome at the end of a funnel
Step 1
Step 2
Step
3
% that get to
this step is the
goal
100 users
50 users
10 users
(10%)
CONFIDENTIAL | 26
Funnel maps steps through a product workflow
Step 1
Step 2
Step 3
Step 1
Step 2
Step
3
CONFIDENTIAL | 27
We took a flow from our app and created
hypothesis for change
STEPS
Registered
Profile Updated
Subscribed
Subbie connected
to builder
Labelled by
builder
Invited to quote
quoted
CONFIDENTIAL | 28
Hypothesis for changes to a step
STEPS
Registered
Profile Updated
Subscribed
Subbie connected
to builder
Labelled by
builder
Invited to quote
quoted
Adding a list of ‘builders in
their state’ will increase
connections to builders for
subbies by 50% within 1
month of introduction
Hypothesis
CONFIDENTIAL | 29
Hypothesis for changes to a step
STEPS
Registered
Profile Updated
Subscribed
Subbie connected
to builder
Labelled by
builder
Invited to quote
quoted
Adding a list of ‘builders in
their state’ will increase
connections to builders for
subbies by 50% within 1
month of introduction
Hypothesis
Search filter for builders in
Network directory
Send URL to builders list in
email
Static list (A-Z) of builders
Options to solve
CONFIDENTIAL | 30
Inference Tree
CONFIDENTIAL | 31
Inference Tree
CONFIDENTIAL | 32
Increasing Activation to 90% will
increase retention by 20% for pro
subscribers within a quarter
Ensuring Subbies are being added to
builders networks will increase
invitations to quote by 30% for subbies
within 1 month of introduction
Adding a list of builders in their
state will increase connections to
builders for subbies by 50% within
1 month of introduction
If this holds
Then this
may hold
And this will
hold
(invitations create activation)
CONFIDENTIAL | 33
And then build it…
Adding a list of builders in their
state will increase connections to
builders for subbies by 50% within
1 month of introduction
As a subbie I want to
see a list of
contractors in my
state so that I can
connect to them
As a builder I want an
indication that subbies are
trying to connect with me
so that I will go and
complete the connection
As a product manager I
want to know how many
subbies use the ‘find
contractor feature’ so I can
measure the outcome
Etc…
CONFIDENTIAL | 34
There’s the measure:
CONFIDENTIAL | 35
Indira Gandhi International Airport, Terminal 3, India | US $2B Value
Data informs hypotheses.
Passing Hypotheses deliver
your goals.
Failing Hypotheses don’t.
Find out which is which!
CONFIDENTIAL | 36
Further Reading
http://www.businessmodelgeneration.com/book
http://practicetrumpstheory.com/http://www.amazon.com/Value-Proposition-Design-Customers-Strategyzer/dp/1118968050
http://shop.oreilly.com/product/0636920033851.do
CONFIDENTIAL | 37
The Center to Grand Forks (CGF) Project, U.S.A. | US $350M Value
We’re Hiring!
http://Aconex.com/careers
CONFIDENTIAL | 38
Seattle Tunnel State Route 99, U.S.A | US $1.4B Value
Thank You
CONFIDENTIAL | 39
Preparation (for 2nd Session – if you’re coming along!)
• Bring your laptop (or use one of the computers in the lab)
• Ensure you know your Google Analytics credentials.
• Have a google apps account so you can use google sheets
• Bring a list of 5 epics from your current backlog
CONFIDENTIAL | 40
CONFIDENTIAL | 41
Dubai International Airport, U.A.E | US $4.5B Value
Session 2: Using
Geckoboard and
DataHero to measure
your hypothesis
CONFIDENTIAL | 42
Yas Island, U.A.E. | US $40B Value
How do I turn my backlog
of stories into
hypotheses?
CONFIDENTIAL | 43
Some techniques
• Extract the assumptions/intention from the story
• As a <who>
• I want to <the change>
• So that <the measure>
As a player
I want to have
semi automated
invites sent
So that my list of
friends increases
CONFIDENTIAL | 44
But Why?
• The 5 why’s exercise on a stories ass:
– Q: Why do I want to get semi automated invites?
– A: so I increase the list of my friends
– Q: why do you want to increase the list of my friends?
– A: so that we get more players
– Q: Why do I want more players?
– A: so that we get to 1M players
– Q: why 1M players
– A: Cos then I get a Ferrari….
As a player
I want to have
semi automated
invites sent
So that my list of
friends increases
CONFIDENTIAL | 45
Check the (HIPPO’s) bullshit
Bullshit! Will semi
automated REALLY
drive more friends?
• The 5 why’s exercise on a stories ass:
– Q: Why do I want to get semi automated invites?
– A: so I increase the list of my friends
– Q: why do you want to increase the list of my friends?
– A: so that we get more players
– Q: Why do I want more players?
– A: so that we get to 1M players
– Q: why 1M players
– A: Cos then I get a Ferrari….
Bullshit! Will more
friends in the list really
get more players?
The implied hierarchy of the 5
Why’s and the bullshit detector
drives a natural inference tree
CONFIDENTIAL | 46
Let’s try it…. Volunteer?
• Let’s take someone’s backlog and have a go at converting it to an inference
tree:
– Volunteer – bring out your top 5 cards
– Let’s do it together.
CONFIDENTIAL | 47
Measures are easy in geckoboard
• Pick any piece of data you need for your inference tree
• Sign in to Geckoboard.
• Create a dashboard
• Put the data there.
CONFIDENTIAL | 48
Dubai International Airport, U.A.E | US $4.5B Value
Demo: Geckoboard
CONFIDENTIAL | 49
Dubai International Airport, U.A.E | US $4.5B Value
Demo: DataHero
CONFIDENTIAL | 50
Dubai International Airport, U.A.E | US $4.5B Value
OK – your turn
CONFIDENTIAL | 51
Get going!
Your turn – in groups of 4:
– Take your backlog, and find the real goal
– Find the assumptions
– Write down the hypothesis as a tree of inference
– Work out the data you need
– Connect it to your geckoboard
CONFIDENTIAL | 52
Objections to Dashboards
• Data Objections:
– Don’t have access. (you don’t have permissions to that data)
– Can’t get that yet (integration problem)
– It’s in an email.
• Answer:
– Google Sheets.
• IT objection
– We’re not paying till you do a business case.
– OFFS – buy it on your credit card and then show the improvement, then get the
corporate card on it…..
• Priority Objection
– We don’t have time to build measures, we need to build feature X
• (if nobody uses it, if it doesn’t convert, what’s the point!)
• A good product manager knows to kill features as well as make them.
CONFIDENTIAL | 53
Seattle Tunnel State Route 99, U.S.A | US $1.4B Value
Visualisation
CONFIDENTIAL | 54
Static Numbers tell us NOTHING!
That’s nice. Are
we better or
worse than last
month/ pre
change?
CONFIDENTIAL | 55
Stacked time series is better
Oh, up and to
the right….
But why did it
slow?
CONFIDENTIAL | 56
Sparklines show some history – puts the number
in context!
CONFIDENTIAL | 57
Set a goal – so motivating
This goal is
probably too far!
Just to 5 would
be great right
now!
CONFIDENTIAL | 58
The % change – when you want to see increments
CONFIDENTIAL | 59
Seattle Tunnel State Route 99, U.S.A | US $1.4B Value
Never forget you are
telling a story
CONFIDENTIAL | 60
Pro Activation Funnel has improved from our work….
• We’ve moved from 25% (28-May-2015) to 41% (3-Jun-2015) to 47% (17-Jun-
2015)
• We did these changes:
– Introduced auto-labelling
– Pending network connections show as icon on network directory
28-may-2015 3-Jun-2015 17-Jun-2015
CONFIDENTIAL | 61
And look at starter!
• This has been sitting
on 7% for some
weeks (haven’t
captured the
progression).
• Look at the numbers
on it now!
CONFIDENTIAL | 62
Still a problem, but not enough to finish?
• Drop off on connection
requests
– so we’re doing
reminder email tonight.)
• Drop off on invite to
quoted
– Will cover this as part
of builder onboarding
(they want to get
coverage).
CONFIDENTIAL | 63
Seattle Tunnel State Route 99, U.S.A | US $1.4B Value
Thanks – questions?
CONFIDENTIAL | 64
The Center to Grand Forks (CGF) Project, U.S.A. | US $350M Value
We’re Hiring!
http://Aconex.com/careers

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Pivots for real for LASTConf sept 2015

  • 2. CONFIDENTIAL | 2 Featured Project: The Wroclaw West Bypass, Poland Trusted by the world’s largest projects Pivots for real: how we've hacked up some data to know we've hit the mark Mark Smith @markjdsmith
  • 4. CONFIDENTIAL | 4 BidContender • Online Tender Management platform that has connected builders and subbies on $48 billion in projects this year
  • 5. CONFIDENTIAL | 5 Stories -> Hypothesis 120 Points = done http://www.agileproductdesign.com/
  • 6. CONFIDENTIAL | 6 How to know what’s of value? • Experiments, validated learning, testing things Read it, loved it, but… when it came to it. How?
  • 7. CONFIDENTIAL | 7 Torres format hypothesis http://www.producttalk.org/2014/11/the-5-components-of-a-good-hypothesis/
  • 11. CONFIDENTIAL | 11 Data Measures Outcomes
  • 12. CONFIDENTIAL | 12 Share your data using online apps, not IT, and not Excel Geckoboard DataHero
  • 13. CONFIDENTIAL | 13 Then build until the number moves… 4 Weeks
  • 14. CONFIDENTIAL | 14 or doesn’t. 2 weeks
  • 15. CONFIDENTIAL | 15 Data can be sourced from anything… • Don’t feel you need to build amazing infrastructure to get it
  • 16. CONFIDENTIAL | 16 Fake it `til you make it.
  • 17. CONFIDENTIAL | 17 TV’s are essential
  • 18. CONFIDENTIAL | 18 The motivation is palpable
  • 19. CONFIDENTIAL | 19 The journey from spec to outcome
  • 20. CONFIDENTIAL | 20 An example Hypothesis 2 X Transactions FeaturesOutcomes $ Say, 20/ month 40/ month & growing Many iterations of price, duration offer, app, marcomms
  • 21. CONFIDENTIAL | 21 Waterfront City, Australia | US $788M Value Goals drive hypotheses
  • 22. CONFIDENTIAL | 22 Goal Hypothesis* Measure * Many of these, in a hierarchy
  • 23. CONFIDENTIAL | 23 Discover the drivers for your goals (Impact Mapping) The Goal Who needs to change Ways we can drive change Down here – you’re just guessing (hypothesis!) http://www.impactmapping.org/
  • 24. CONFIDENTIAL | 24 The ‘guesses’ down the tree can be stated as hypothesis . We believe that if we implement semi automated invites we will see the number of invited friends increase x% within 1 month
  • 25. CONFIDENTIAL | 25 Goals are the outcome at the end of a funnel Step 1 Step 2 Step 3 % that get to this step is the goal 100 users 50 users 10 users (10%)
  • 26. CONFIDENTIAL | 26 Funnel maps steps through a product workflow Step 1 Step 2 Step 3 Step 1 Step 2 Step 3
  • 27. CONFIDENTIAL | 27 We took a flow from our app and created hypothesis for change STEPS Registered Profile Updated Subscribed Subbie connected to builder Labelled by builder Invited to quote quoted
  • 28. CONFIDENTIAL | 28 Hypothesis for changes to a step STEPS Registered Profile Updated Subscribed Subbie connected to builder Labelled by builder Invited to quote quoted Adding a list of ‘builders in their state’ will increase connections to builders for subbies by 50% within 1 month of introduction Hypothesis
  • 29. CONFIDENTIAL | 29 Hypothesis for changes to a step STEPS Registered Profile Updated Subscribed Subbie connected to builder Labelled by builder Invited to quote quoted Adding a list of ‘builders in their state’ will increase connections to builders for subbies by 50% within 1 month of introduction Hypothesis Search filter for builders in Network directory Send URL to builders list in email Static list (A-Z) of builders Options to solve
  • 32. CONFIDENTIAL | 32 Increasing Activation to 90% will increase retention by 20% for pro subscribers within a quarter Ensuring Subbies are being added to builders networks will increase invitations to quote by 30% for subbies within 1 month of introduction Adding a list of builders in their state will increase connections to builders for subbies by 50% within 1 month of introduction If this holds Then this may hold And this will hold (invitations create activation)
  • 33. CONFIDENTIAL | 33 And then build it… Adding a list of builders in their state will increase connections to builders for subbies by 50% within 1 month of introduction As a subbie I want to see a list of contractors in my state so that I can connect to them As a builder I want an indication that subbies are trying to connect with me so that I will go and complete the connection As a product manager I want to know how many subbies use the ‘find contractor feature’ so I can measure the outcome Etc…
  • 35. CONFIDENTIAL | 35 Indira Gandhi International Airport, Terminal 3, India | US $2B Value Data informs hypotheses. Passing Hypotheses deliver your goals. Failing Hypotheses don’t. Find out which is which!
  • 36. CONFIDENTIAL | 36 Further Reading http://www.businessmodelgeneration.com/book http://practicetrumpstheory.com/http://www.amazon.com/Value-Proposition-Design-Customers-Strategyzer/dp/1118968050 http://shop.oreilly.com/product/0636920033851.do
  • 37. CONFIDENTIAL | 37 The Center to Grand Forks (CGF) Project, U.S.A. | US $350M Value We’re Hiring! http://Aconex.com/careers
  • 38. CONFIDENTIAL | 38 Seattle Tunnel State Route 99, U.S.A | US $1.4B Value Thank You
  • 39. CONFIDENTIAL | 39 Preparation (for 2nd Session – if you’re coming along!) • Bring your laptop (or use one of the computers in the lab) • Ensure you know your Google Analytics credentials. • Have a google apps account so you can use google sheets • Bring a list of 5 epics from your current backlog
  • 41. CONFIDENTIAL | 41 Dubai International Airport, U.A.E | US $4.5B Value Session 2: Using Geckoboard and DataHero to measure your hypothesis
  • 42. CONFIDENTIAL | 42 Yas Island, U.A.E. | US $40B Value How do I turn my backlog of stories into hypotheses?
  • 43. CONFIDENTIAL | 43 Some techniques • Extract the assumptions/intention from the story • As a <who> • I want to <the change> • So that <the measure> As a player I want to have semi automated invites sent So that my list of friends increases
  • 44. CONFIDENTIAL | 44 But Why? • The 5 why’s exercise on a stories ass: – Q: Why do I want to get semi automated invites? – A: so I increase the list of my friends – Q: why do you want to increase the list of my friends? – A: so that we get more players – Q: Why do I want more players? – A: so that we get to 1M players – Q: why 1M players – A: Cos then I get a Ferrari…. As a player I want to have semi automated invites sent So that my list of friends increases
  • 45. CONFIDENTIAL | 45 Check the (HIPPO’s) bullshit Bullshit! Will semi automated REALLY drive more friends? • The 5 why’s exercise on a stories ass: – Q: Why do I want to get semi automated invites? – A: so I increase the list of my friends – Q: why do you want to increase the list of my friends? – A: so that we get more players – Q: Why do I want more players? – A: so that we get to 1M players – Q: why 1M players – A: Cos then I get a Ferrari…. Bullshit! Will more friends in the list really get more players? The implied hierarchy of the 5 Why’s and the bullshit detector drives a natural inference tree
  • 46. CONFIDENTIAL | 46 Let’s try it…. Volunteer? • Let’s take someone’s backlog and have a go at converting it to an inference tree: – Volunteer – bring out your top 5 cards – Let’s do it together.
  • 47. CONFIDENTIAL | 47 Measures are easy in geckoboard • Pick any piece of data you need for your inference tree • Sign in to Geckoboard. • Create a dashboard • Put the data there.
  • 48. CONFIDENTIAL | 48 Dubai International Airport, U.A.E | US $4.5B Value Demo: Geckoboard
  • 49. CONFIDENTIAL | 49 Dubai International Airport, U.A.E | US $4.5B Value Demo: DataHero
  • 50. CONFIDENTIAL | 50 Dubai International Airport, U.A.E | US $4.5B Value OK – your turn
  • 51. CONFIDENTIAL | 51 Get going! Your turn – in groups of 4: – Take your backlog, and find the real goal – Find the assumptions – Write down the hypothesis as a tree of inference – Work out the data you need – Connect it to your geckoboard
  • 52. CONFIDENTIAL | 52 Objections to Dashboards • Data Objections: – Don’t have access. (you don’t have permissions to that data) – Can’t get that yet (integration problem) – It’s in an email. • Answer: – Google Sheets. • IT objection – We’re not paying till you do a business case. – OFFS – buy it on your credit card and then show the improvement, then get the corporate card on it….. • Priority Objection – We don’t have time to build measures, we need to build feature X • (if nobody uses it, if it doesn’t convert, what’s the point!) • A good product manager knows to kill features as well as make them.
  • 53. CONFIDENTIAL | 53 Seattle Tunnel State Route 99, U.S.A | US $1.4B Value Visualisation
  • 54. CONFIDENTIAL | 54 Static Numbers tell us NOTHING! That’s nice. Are we better or worse than last month/ pre change?
  • 55. CONFIDENTIAL | 55 Stacked time series is better Oh, up and to the right…. But why did it slow?
  • 56. CONFIDENTIAL | 56 Sparklines show some history – puts the number in context!
  • 57. CONFIDENTIAL | 57 Set a goal – so motivating This goal is probably too far! Just to 5 would be great right now!
  • 58. CONFIDENTIAL | 58 The % change – when you want to see increments
  • 59. CONFIDENTIAL | 59 Seattle Tunnel State Route 99, U.S.A | US $1.4B Value Never forget you are telling a story
  • 60. CONFIDENTIAL | 60 Pro Activation Funnel has improved from our work…. • We’ve moved from 25% (28-May-2015) to 41% (3-Jun-2015) to 47% (17-Jun- 2015) • We did these changes: – Introduced auto-labelling – Pending network connections show as icon on network directory 28-may-2015 3-Jun-2015 17-Jun-2015
  • 61. CONFIDENTIAL | 61 And look at starter! • This has been sitting on 7% for some weeks (haven’t captured the progression). • Look at the numbers on it now!
  • 62. CONFIDENTIAL | 62 Still a problem, but not enough to finish? • Drop off on connection requests – so we’re doing reminder email tonight.) • Drop off on invite to quoted – Will cover this as part of builder onboarding (they want to get coverage).
  • 63. CONFIDENTIAL | 63 Seattle Tunnel State Route 99, U.S.A | US $1.4B Value Thanks – questions?
  • 64. CONFIDENTIAL | 64 The Center to Grand Forks (CGF) Project, U.S.A. | US $350M Value We’re Hiring! http://Aconex.com/careers