Agile Strategy for Financial Services Projects
Over the years, we’ve worked with numerous banks, fintech, insurance and other financial services providers. Two things are clear: The finance and banking world is
When we try to understand the product owner role on a Scrum team, remember that the product owner defines ‘what’ the team will develop.
The excerpt below describing the product owner role is from the November 2017 Scrum Guide:
The Product Owner is responsible for maximizing the value of the product resulting from work of the Development Team. How this is done may vary widely across organizations, Scrum Teams, and individuals.
The Product Owner is the sole person responsible for managing the Product Backlog. Product Backlog management includes:
- Clearly expressing Product Backlog items;
- Ordering the items in the Product Backlog to best achieve goals and missions;
- Optimizing the value of the work the Development Team performs;
- Ensuring that the Product Backlog is visible, transparent, and clear to all, and shows what the Scrum Team will work on next; and,
- Ensuring the Development Team understands items in the Product Backlog to the level needed.
The Product Owner may do the above work, or have the Development Team do it. However, the Product Owner remains accountable.
The Product Owner is one person, not a committee. The Product Owner may represent the desires of a committee in the Product Backlog, but those wanting to change a Product Backlog item’s priority must address the Product Owner.
For the Product Owner to succeed, the entire organization must respect his or her decisions. The Product Owner’s decisions are visible in the content and ordering of the Product Backlog. No one can force the Development Team to work from a different set of requirements.
To learn more about the Scrum product owner role please see the Scrum Guide.
Additional Rocket Nine Solutions posts for understanding the product owner role:
Who Should be the Product Owner?
Should the Scrum Master take Product Owner Training?
Certified Scrum Product Owner Trends
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