This document discusses transitioning from a traditional project-based software development model to a product-focused model. It outlines changes needed across several dimensions, including role definitions, taxonomy, culture, talent, funding models, and leadership. It then provides an example case study of transforming a bank's IT organization by starting with an experimental product team, establishing alignment between business and technology, shifting to a product taxonomy, moving to outcome-based funding, empowering teams, and focusing on cultural transformation. The goal is to transition from a "black box IT" project model to an agile, lean, product-oriented approach over 9-12 months.