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Lean Kanban NA — Managing Risk

New Methods for Minimizing Risk During Product Development — Chris Shinkle

Prod­uct devel­op­ment chal­lenges are not new. The lev­el of uncer­tain­ty inher­ent in deal­ing with these chal­lenges requires an approach that acknowl­edges and is opti­mized for that uncer­tain­ty. We’re see­ing a shift in the way prod­uct devel­op­ment com­pa­nies think about and man­age risk asso­ci­at­ed with prod­ucts devel­op­ment. Orga­ni­za­tions sole­ly focus­ing on improv­ing effi­cien­cy will not over­come these obsta­cles. They must adopt new prac­tices that allow them to suc­cess­ful­ly explore these high­ly uncer­tain envi­ron­ments and min­i­mize risks.

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Next Video Risk Reduction Metrics for Agile Organizations — Dan Greening 

Agile and lean process­es make it eas­i­er for orga­ni­za­tions to mea­sure com­pa­ny and team per­for­mance, assess risk and oppor­tu­ni­ty, and adapt. My col­leagues and I have used deliv­ery rate, con­cept-to-cash lead-time, archi­tec­tur­al fore­sight, spe­cial­ist depen­den­cy, fore­cast hori­zon and exper­i­ment inval­i­da­tion rate to iden­ti­fy risk, and focus risk-reduc­tion and learn­ing efforts. With greater knowl­edge, we can elim­i­nate low-oppor­tu­ni­ty options ear­ly and more deeply explore high­er-oppor­tu­ni­ty options to max­i­mize value.