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Why M365 product development is different from project development- New.pptx
The document presents a session led by Peter Ward on the distinctions between Microsoft 365 product development and project development, focusing on their definitions, objectives, and methodologies. It emphasizes the ongoing nature of product development contrasted with the finite scope of projects, highlighting the importance of agile methodologies for adaptability and user-centric approaches. Key issues in product development include challenges such as scope creep and resource management, while benefits are noted in terms of collaboration, product quality, and flexibility.
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Why M365 product development is different from project development- New.pptx
- 1. October 8th, 2024 Speaker:Peter Ward Why M365 product development is different from project development
- 2. Agenda Me, presentation background,what What this session is about The challenges, and benefits Compare and contrast, focus and scope, roles, team structure Product Distribution, types of product developments Introductions Agile Development Product and Projects Commercial Success Moon shoot ideas Where It All Goes Wrong
- 3. Preflight Briefing • Allon my blog: www.wardpeter.com • Get ready to ask questions • Feel free to interrupt • Connect with me on Linkedin
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- 5. About Me Background Founder-former CTO now CEO", Company SoHo Dragon Skill SharePoint, M365 Books Co-Author of 4 SharePoint books Written Leadership in a Zoom Economy with Microsoft Teams Co-organizer SharePoint Saturday New York, Meetup 1St SharePoint Version SharePoint Portal 2003 Hobbies Yoga, Cooking vegetarian food, Chess www.wardpeter.com
- 6. This presentation is on myLinkedIn
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- 8. DISCLAIMER I am nottalking about: • Raising money • In-depth development practices • Scales • Best Practices
- 9. Why M365 product developmentis different from project development THERE IS A FUNDAMENTAL MISUNDERSTANDING: - MISSION OBJECTIVE - BUDGET - DEVELOPMENT LIFE CYCLE
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- 16. The Basics Project Development ProductDevelopment Aspect Deliver a specific solution within predefined constraints (time, budget). Create a product that meets market needs and can evolve over time. Objectives Less speculative with clear objectives and defined deliverables. High uncertainty, often speculative, requires innovation. Uncertainty Temporary with a defined start and end; completed once objectives are met. Ongoing process without a fixed endpoint; continuous improvement is expected. Duration Fixed budget with clear expectations on costs and deliverables. Flexible budget, allowing for adjustments based on evolving needs. Budgeting - term profitability. Managed through project portfolio management to maximize overall benefits. Based on projected ROI over the product's lifecycle; focuses on long Business Model Driven by project requirements and constraints set at the outset. Prioritizes features based on customer satisfaction and market demands. Decision Process
- 17. Key Differences :Focus and Scope Project Development Product Development Centers around completing specific tasks to meet client requirements within a set timeframe and budget, Involves aholistic approach to creating a product that addresses user needs across its lifecycle, from conception to ongoing support. One- time deliverables are common Teams remain together to iterate and improve the product continuously
- 18. Product Manager VsProject Manager Researching Project Manager Product Manager Planning Project Timelines Setting Product Vision Allocating Project Resources Communicating Vision to Stakeholders Monitoring task completion Developing a strategic plan Monitoring task completion Creating and maintaining product roadmap Communicating Progress to Stakeholders Product vision and goal formation Focus on Deadlines and Budget User understanding Regular Status Updates Marketing strategy Managing Budget within a Project Market Analysis Breaking down initiatives into tasks
- 19. Key Differences: TeamStructure Project Teams Product Teams Formed for the duration of the project; team members may disband once the project is completed, moving on to new projects Typically consist of cross -functional members who collaborate over an extended period, focusing on the product's evolution
- 20. Key Differences: Conclusion Product developmentis an ongoing process centered around creating and improving a product for long-term market success. In contrast, project development is a finite endeavor that delivers specific outcomes within defined constraints. Understanding these differences allows organizations to choose the appropriate approach based on their goals and resources.
- 21. Agile Methodology with ProductDevelopment- Challenges • Scope Creep: The openness to change can lead to an overwhelming number of adjustments that may derail timelines2 • Measurement Difficulties: Tracking progress can be complex since success is often gauged through iterative milestones rather than traditional metrics • Resource Management: Rapid changes may strain resources if not managed properly, especially in long- term projects where consistent direction is needed
- 22. Agile Methodology with ProductDevelopment- Benefits Focus on User Needs: This user-centric approach ensures that features added to the product align closely with customer requirements, leading to higher satisfaction levels. Early and Continuous Delivery: Agile promotes delivering functional increments of the product at regular intervals (sprints). Improved Product Quality: Agile’s iterative nature encourages frequent testing and review, which helps identify issues early in the development cycle.
- 23. Agile Methodology with ProductDevelopment- Benefits ..Continued Flexibility and Adaptability: Agile methodologies are designed to embrace change, allowing teams to adjust their plans based on evolving customer needs or market conditions. This adaptability is crucial in today’s fast-paced business environment. 1. Enhanced Collaboration: Agile fosters close collaboration among team members and stakeholders through regular communication and meetings. 2. Reduced Risk: By breaking down projects into smaller, manageable parts, Agile allows for ongoing assessment of progress and risks. 3. Increased Engagement: Agile empowers team members by involving them in decision-making processes and fostering a sense of ownership over their work. 4. Predictability: Working in defined timeframes (sprints) helps teams better estimate timelines and costs, making it easier to manage resources effectively.
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- 25. Development Scope True Discovery Idea Validatio n True Product MVP Launch TrueTeams Scaling We take your idea to a validated high-fidelity prototype We launch the first version of the product and continuously test it in the market to further improve Once there are clear signs of product-market-fit, we support you in scaling your business Analyze Validate Scope Build Problem - Solution fit Product -Market fit E2E Product building -Market research and business case to understand the problem space and create an initial financial analysis of the product. -Value proposition and prototyping in order to identify the key assumptions and risks and prepare a validation strategy. -Growth hacking & validation to generate real user data and feedback that feeds. -Product scoping and MVP planning: We define together the objectives of the product and create an initial roadmap. -Solution architecture & team setup: We then propose a technical solution based on the scope and budget which includes the roles needed. -MVP building launch and operate: We onboard the team and begin building the product. -Review and analyze MVP data and results: Based on the results of the MVP launch, we analyze the user feedback, existing data and technical limitations. -GAP analysis: We identify the product, technical, and team adaptations required to scale the product. -Iterate and grow: We adjust the team and implement the technical and product features needed for the
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- 27. Product Managers FrequentlyDo Not Do This
- 28. What I AmWitnessing • Founders • Consulting Firms • VC Start Up
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- 31. Consulting Firm Real-Life Experience •Construction firm wanting to build a product • Their scope was functionality:
- 32. Consulting Firm Real-LifeExperience 10 years old and invested north of $4m into the product $3.17m $8m in 4 years (So their burn rate is 2m a year)
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- 35. Run Away When the Specis • It must be intuitive • Must look like have the Facebook look and feel for the MVP • This is a consulting project initiative that has an product component
- 37. Moon shots Ideas… Oflack of them • 10X Moonshot Ideas are found in Psychology NOT Engineering • Not technical lens
- 40. Framing- The PointOf View Technical Psychologic al
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- 43. Making things quickerand cheaper isn’t always a win
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- 46. Gold is inthe points of contention PAIN POINT DELIGHT
- 49. Power Of Askingthe Right Questions
- 50. Quest for Perfect Measurement • Data-driven… Predictable •Data-informed – Try it Humans
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Editor's Notes
- #1 Understanding the distinction between product development and project development is essential for organizations aiming to optimize their processes and outcomes. While both involve creating solutions, they differ significantly in objectives, processes, and outcomes. https://www.perplexity.ai/search/what-is-the-difference-between-SyV3jqjURHObwCz8fnZHJg
- #7 You are the best-looking audience I’ve seen. In fact you are better looking than the people in todays keynote
- #9 I am witnessing
- #11 https://foundershub.startups.microsoft.com/signup
- #16 Product Development Focuses on creating a product that meets market needs and can evolve over time. Involves high uncertainty; often speculative, requiring innovation. Ongoing process without a fixed endpoint; continuous improvement is expected. More flexible budget, allowing for adjustments based on evolving needs. Based on projected ROI over the product's lifecycle; focuses on long-term profitability. Prioritizes features based on customer satisfaction and market demands. Project Development Aims to deliver a specific solution within predefined constraints (time, budget). Generally less speculative with clear objectives and defined deliverables. Temporary with a defined start and end; completed once objectives are met. Fixed budget with clear expectations on costs and deliverables. Managed through project portfolio management to maximize overall benefits. Decisions are driven by project requirements and constraints set at the outset.
- #21 I don’t know why I started off with the negative first
- #22 In summary, Agile methodologies enhance product development by promoting a user-focused approach, ensuring quality through iterative processes, fostering collaboration, and allowing for flexibility in responding to change. These benefits collectively contribute to delivering better products that meet customer needs more effectively Focus on User Needs: Agile emphasizes understanding and responding to real user feedback throughout the development process. This user-centric approach ensures that features added to the product align closely with customer requirements, leading to higher satisfaction levels Early and Continuous Delivery: Agile promotes delivering functional increments of the product at regular intervals (sprints). This allows teams to provide features to customers more frequently, enabling quicker realization of value and facilitating continuous feedback loops1 Improved Product Quality: The iterative nature of Agile encourages frequent testing and review, which helps identify issues early in the development cycle. This focus on quality control leads to superior products that better meet user expectations.
- #23 In summary, Agile methodologies enhance product development by promoting a user-focused approach, ensuring quality through iterative processes, fostering collaboration, and allowing for flexibility in responding to change. These benefits collectively contribute to delivering better products that meet customer needs more effectively Flexibility and Adaptability: Agile methodologies are designed to embrace change, allowing teams to adjust their plans based on evolving customer needs or market conditions. This adaptability is crucial in today’s fast-paced business environment Enhanced Collaboration: Agile fosters close collaboration among team members and stakeholders through regular communication and meetings. This collaborative environment ensures that everyone is aligned on goals and can address challenges promptly Reduced Risk: By breaking down projects into smaller, manageable parts, Agile allows for ongoing assessment of progress and risks. This proactive approach helps teams identify potential obstacles early, mitigating risks before they escalate3 Increased Engagement: Agile empowers team members by involving them in decision-making processes and fostering a sense of ownership over their work. This engagement can lead to higher morale and productivity within teams Predictability: Working in defined timeframes (sprints) helps teams better estimate timelines and costs, making it easier to manage resources effectively. This predictability aids in planning and prioritizing tasks
- #34 Technology isn’t enough
- #36 Commercial Success
- #37 Founders are engineers
- #38 What people aren’t saying Uncover beliefs – Feelings This is an art….. Not thoughts and opinions but insights, feeling Stories – late to an airport
- #39 I hate it when it takes a long time to turn up……. The engineer would respond to this and say , ‘Better algorism ’ More tasks What bothers people is not the wait, but the degree of uncertainty And it’s more enjoyable to see the progress of the taxi coming. It keeps me busy. People like the wait in a restaurant after the food has been ordered Framing the right problem Also I feel important….. Walk on to the sidewalk….. Don’t like standing in the rain Vision Safety
- #40 Framing the right problem
- #41 Perception The delay Known as the Ikea effect
- #42 Perception The delay Known as the Ikea effect
- #43 Perception The delay Known as the Ikea effect
- #45 Counter intuitive Ideas Outlier data, that often doesn’t fit comfortably in the data constructed Two extremes meet Gold is in the points of contention
- #46 An edge effect Turn pain into delight Restaurant – don’t like waiting for the order… but the experience is better once I’ve ordered
- #47 Explore Uber Exploit - Consulting Firms Existing processes
- #48 Creative types…. They will kill most creativity. You need efficiency Observation – HR and Pen pushers Call Center is not a cost center if it serving the customer Need imagination
- #49 Habit – Subscription- Seen as a service not as a transaction and Social Copying – Online reviews- Trust Pilot How to break the autopilot follow Promotions Referrals Poor conversation Optimize the repeat purchase
- #50 Both tangible and intangible Explore activities Promotions Explore pricing Data-driven… Predictable Data-informed – Try it Humas