In our third podcast focusing on Cost of Delay, LeadingAgile’s Dean Steven explains how he has used Cost of Delay with management working on defining priority for items at the portfolio level. Dean also explains why the problem Cost of Delay helps you solve is not a math problem, but a collaboration problem.

SHOW NOTES

00:08 Interview Begins

00:56 Some background on the work Dean does day to day for LeadingAgile

01:43 Does Senior Mgmt. normally have a specific technique for prioritizing work across the portfolio?

02:40 Clarifying teams at the project, program and portfolio management

03:33 How does a team work at the portfolio level

04:27 What is a Business Architect

05:20 Why do we need Cost of Delay and what question does it help us solve?

06:35 It’s not a math problem, it’s a collaboration problem

07:12 How Cost of Delay will help you develop an understanding of relative business value

09:00 How to calculate Cost of Delay = (User Business Value + Time Criticality + Opportunity Enablement) / Effort SWAG

11:57 Defining Opportunity Enablement

13:18 What happens after all the work is sized?

15:40 When you get to re-estimate the values in Cost of Delay and adjust the relative priority

16:04 An example of how Dean used CoD with a client to align multiple programs of work across the organization and define relative priority for each of them

17:44 It’s not a math problem, it’s a collaboration problem

20:15 Dean’s focus on the portfolio level with Cost of Delay

21:38 Ordering vs. Prioritizing

22:18 Validating your understanding of relative User Business Value

23:40 Using the data and the math to figure out where to point the compass

24:46 What is an MVP?

25:13 Where to go for more information on Cost of Delay

25:57 How to to get in touch with Dean

26:19 Podcast Ends

LINKS FROM THE PODCAST

An Overview of Cost of Delay with Jim Hayden https://www.leadingagile.com/podcast/an-overview-of-cost-of-delay-with-jim-hayden-and-dave-prior/

Calculating Cost of Delay with Marty Bradley https://www.leadingagile.com/podcast/calculating-cost-delay-marty-bradley/

The Principles of Product Development Flow by Don Reinertsen http://amzn.to/2m6u0xL

CONTACTING DEAN

You can reach Dean:

LeadingAgile https://www.leadingagile.com/guides/dean-stevens/

CONTACTING DAVE

You can reach Dave:

On the LeadingAgile site

On Twitter at twitter.com/mrsungo

On his personal site at: drunkenpm.net

FEEDBACK/QUESTIONS

If you have comments on the podcast, or have questions for the LeadingAgile coaches that you’d like to have addressed in a future episode of LeadingAgile’s SoundNotes, you can reach Dave at [email protected]

LEADINGAGILE CSM AND CSPO CLASSES

For information on LeadingAgile’s upcoming public CSM and CSPO classes, please go to: www.leadingagile.com/our-gear/training/

Use the discount code: LA_Podcast to receive a 15% discount on the class.