What is Value

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Agile Fundamentals Online Learning
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What is Value
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Agile Fundamentals
course-steps 4 certification 3 description 1
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What is Value
Overview
DifficultyBeginner
Duration36m
Students1

Description

Course Description 

This course takes a look at how you can work in an agile way. It will help you to understand what value is, how to measure progress and what Kanban is, and what a project is. You will also learn more about iterative development, how to estimate, and reflect on your own agile journey.   

 

Learning Objectives 

The objectives of this course are to provide you with and understanding of: 

  • What value is 
  • How to measure progress 
  • What Kanban is 
  • What agile pm/ DSDM is 
  • How to delivery in an iterative way 
  • How to estimate 
  • Growth through mastery 

 

Intended Audience 

This course is suitable for anyone with no prior knowledge of agile who is considering, evaluating or involved in a move towards working in (or with) an agile environment. 

 

Prerequisites of the Certifications 

There are no prerequisites for this course, however, participants should be familiar with the content and rationale in the agile manifesto (http://agilemanifesto.org/ ) 

 

Feedback 

We welcome all feedback and suggestions - please contact us at support@cloudacademy.com if you are unsure about where to start or if would like help getting started. 

Transcript

- In our working environments, we're always looking to create value, but what is value, why is it important, and how is it created in the first place? In this video, we're going to take a short look at the idea of value and try to answer some of those questions.

 

- What's valuable to me is time. It's the one thing I don't have enough of. I never have enough time to do all the things I wanna do every day.

 

- Honesty is valuable to me. I want to be able to trust those I work with and spend time with on a day-to-day basis.

 

- Sleep is valuable to me so that when I wake up, I'm refreshed, rejuvenated, and can get on with my day.

 

- As you can tell, the problem with value is that it's subjective. Any number of things could provide the basis for what value is. Perhaps it's differentiating yourself from your competition or eliminating your competitor's advantages. Maybe it's reducing costs or reaching new markets. Maybe it's just meeting basic requirements like achieving compliance. The important thing, though, is that whatever value you're aiming for must be clear and obvious to the agile team. In other words, everyone who's involved in creating a product or service needs to understand exactly what value they hope to achieve with it. There are a few reasons why value can be really, really important. So the first is the prioritization of work. During sprint planning, the development team are looking to pull items into the sprint backlog from the product backlog. Work needs to be prioritized in the product backlog by the value it'll provide to the stakeholders and of course to the organization. Next up, understanding the value we are trying to create provides us with a focus. This is why we're doing what we're doing. It gives us a reason, something to work towards. Understanding what value we're trying to create also helps us align work we are doing with other work we have done and with the rest of the organization. Let's say we're trying to create something that must be compliant, but your organization generally tries to create products and services that differentiate them from the competition. By aligning to your organization's vision for value, you can know that you need to create something that doesn't just meet compliance. It also needs to be unique and interesting to consumers. Understanding value also removes waste. We're not going to do work that isn't valuable because we understand what value we're trying to achieve. This means we won't waste resources on things that don't add the value we need them to. Last up, if you understand what value you're trying to create, you can get a clear idea of what the return on the investment should look like. When an organization invests resources into a project, they expect a return of some sort. Often this will be in the form of revenue, but it could be something else. Whatever it is, as long as the agile team understands what the goals are, they can align themselves to help achieve it.

 

- Well, the link between agile and value is that agile builds in an understanding of value from the get-go, from the requirements and the user stories. User stories are crafted around our understanding what the customer wants and what the perceived value of that particular product or feature is. There are other areas in which value is clarified. There are other opportunities such as that, demos. During sprints, the customer is invited to see and confirm that value has been created from the work that the development team have been involved in that sprint. The feedback that they get from the client confirms that value has been created. Overall, agile ways of working are one of the reasons why they are the best ways of generating value is because agile is structured in such a way that work is delivered in an incremental and iterative way that requires value to be created every sprint and can be validated by the customer as being produced every sprint. So agile ways of working, therefore, give value faster than sort of big bang waterfall approaches to delivery that results in value being created at the end of the project.

 

- So those are some of the reasons why understanding value is really important, but there is one last thing we need to discuss before the end of this video, and that is the idea of the co-creation of value. Previously, the idea of value was pretty linear. We as an organization create something we provide to our stakeholders, and that's value. But today we talk about the co-creation of value. This is the idea that we as an organization create value by collaborating with our stakeholders. We work with them, take on their feedback, and constantly look to deliver work in line with their expectations. They in turn are always looking to be in conversation with us and will tell us what they want. We take on what they say they want, and we work together to create that product or service. That's it for this video. Although co-created value is subjective, it still needs to be well-defined. Having a well-defined idea of what value is for the organization and for each product or service has many benefits impacting ways of working, all the way through to strategic thinking.

About the Author

Students62
Courses15
Learning paths2

Tony has over 20 years’ experience in Business Development, Business Change, Consulting and Project/Programme Management working with public, private and third sector organisations.

He has helped organisations to design and create process and procedures to align ways of working with corporate strategy. A highly motivated and detailed solution provider utilising a wide range of methods and frameworks to provide structure whilst promoting creativity and innovation.

As a confident and self-motivated professional with excellent communication skills Tony is able to bring people together and get them working as a team quickly.

Tony is an Agile and Scrum trainer with a vast knowledge spanning IT Systems, Business Change, Programme and Project Management. With excellent presentation skills and a solid background, he ensures that all clients gain maximum benefit from his training. He has successfully guided those new to the industry through their initial training, helped experienced staff as they progress in their careers and worked at Director level advising on best use and practice, as well as tailoring courses to fulfil the exact needs of clients.