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 dave.prior@leadingagile.com

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.