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Portfolio Management
      Figuring Out How to Say When and Why
What is Portfolio Management, and Why Should I Care?

Levels of Planning

Strategic
Vision
Roadmap
Release

Tactical
Iteration
Daily


Clip	
  from	
  Powers	
  of	
  Ten	
  (1968),	
  by	
  Charles	
  and	
  Ray	
  Eames,	
  distributed	
  by	
  YouTube	
  
What Happens If You Don’t Deal With Portfolio Management?




Johanna	
  Rothman.	
  	
  March	
  2011.	
  Manage	
  Your	
  Project	
  Por4olio,	
  The	
  PragmaGc	
  Programmer,	
  LLC.	
  	
  Page	
  31.	
  
How Proper Portfolio Management Helps The Organization.




Johanna	
  Rothman.	
  	
  March	
  2011.	
  Manage	
  Your	
  Project	
  Por4olio,	
  The	
  PragmaGc	
  Programmer,	
  LLC.	
  	
  Page	
  30.	
  
Definitions of Terms

Product Line
Product
Project
Roadmap
Waypoint
Release Plan




Clip	
  from	
  Mechanical	
  Principles	
  (1930),	
  by	
  Ralph	
  Steiner,	
  distributed	
  by	
  YouTube	
  
The Difference Between Roadmapping and Release Planning

Roadmap Plans
   Product and features driving pro ts over time

   Marketing may have tendency to state dates
   with “wish and desire”

   Does not take all development realities and
   matrix effects into account

Release Plans
   Technical realities force dates

   Need to address dependency issues and matrix
   issues
Good Planning is Relaxation On A System of Constraints

Constraints Faced
   Risk tolerance

   Resources

   Uncertainties

   Need to perform and meet unreasonable
   expectations

These constraints form the boundaries
on an acceptable solution.
One needs Agile honesty and
transparency to understand and then
relax the constraints to allow for an
acceptable solution.
Justifying a Product Backlog Ordering

Strict Scrutiny Test
   Extremely exacting – can you prove
   beyond all reasonable doubt?

Rational Basis Test
   Low level of scrutiny – can you come up
   with some story that isn’t certi ably
   insane?

Factors Used in Backlog Ordering
   Bene t
   Cost
   Risk
Das Kapital – An Unlikely Source For Roadmapping Guidance 

What It Is:
    Discounting method
    Cash ows in and out, i.e. quanti cations of bene ts,
    costs, and risks
    Computes the “time value” of money

Why We Do It:
    Compare one long term project against another
    Allows us to see which alternative is the “best
    investment” for our money

But stay Agile
    Don’t go nuts with the numbers. There are already
    huge guesstimates in the assumptions! Use SWAGs
    if necessary.

    Use rational basis, not strict scrutiny, in assessing
    level of con dence for roadmapping.
The Role of Risk Mitigation in a Successful Product

Risk Categories
Business
Market
Resource
Dependency
Analysis
Technical




Clip	
  from	
  Toncon9n	
  Landing	
  Over	
  Road	
  (2009),	
  by	
  obatala38,	
  distributed	
  by	
  YouTube	
  
	
  	
  
The Perfect Product Roadmap Messed Up By The Usual Suspects




 Clip	
  from	
  The	
  Usual	
  Suspects	
  (1995),	
  by	
  Bryan	
  Singer,	
  distributed	
  by	
  MGM	
  Studios	
  	
  
The Moves To Portfolio Management

1.  Create a business value based roadmap
    based on NPV to create an idealized
    roadmap.
2.  Create a release plan that utilizes
    resources in the most efficient fashion to
    match the roadmap desires (make sure that
    you account for date constraints from non-
    team dependencies, too!)
3.  Rinse, wash, and repeat 1 & 2 until mutually
    acceptable roadmaps and release plans can
    be agreed upon.
4.  Conduct a Portfolio Management Update
    Review once a month to take new realities
    from the market as well as team progress
    based on velocity metrics into account.
Split Into Teams and Start the Workshop (10 Minutes)
Introduction to Today’s Exercise – The Company

Location, Location, Location Software
Solutions

LLLSS builds location based software
solutions by creating GPS hardware,
associated embedded software, and
application software for mobile (iOS,
Android, BlackBerry OS, Windows Mobile)
and web platforms. Product lines in automotive, pedestrian,
aviation, and seafaring spaces, for consumer and industrial seings.

3 mobile app development teams
4 hardware development teams
1 embedded software development team
2 web app development teams
Introduction to Today’s Exercise – Product #1
I Shop Therefore I Exist Augmented Reality Glasses
Vision:
For the mobile consumer
Who is cruising around and looking for shopping opportunities
The “I Shop, Therefore I Exist Augmented Reality Glasses” product
is a mobile product locator
That points out places along a GPS driving route for purchasing
opportunities that will be of interest and intrigue to the driver
Unlike products such as Google Maps
Our product projects driver purchase interests directly in a heads up display situated in fashionable goggles
right along with the turn guidance of the main GPS system. ISTIEARG avoids confusing sensory overload in
crowded urban situations by using head and eye tracking detectors, to ensure the timely updating of only those
targeted businesses that match both the gaze and shopping interests of the drivers.
Introduction to Today’s Exercise – Product #1
I Shop Therefore I Exist Augmented Reality Glasses
Future Ideas:
One follow on product is targeted at the 35-65 years old tourist
crowd, to point out local points of interest along the route.
Another targets the 21-35 year old male demographic. This version
has night light ampli cation technology as well as adult themed
shopping content.

Market Potential:
First year, $15M in primary sales, $10M in advertising buy-ins.
Second and third year, assume near 2nd order polynomial, tapering after market saturation

Risks Identi ed:
Engineering costs, safety factors, potential regulatory issues due to privacy concerns

1st Order Development Estimates:
Mobile Apps     none                 Embedded Software       2 team quarters
Hardware        4 team quarters      Web Apps                2 team quarters (data sources)
Introduction to Today’s Exercise – Product #2
King of the Road
Vision:
For the Surabu STi road rallying enthusiast
Who wants to demonstrate their alpha maleness
The “King Of The Road” entertainment system is an overpriced
option to the Subaru built-in GPS offering that allows
enthusiasts to select and download preplanned rally routes to
their GPS. The driver can then drive the course and have their
results automatically posted in this nationwide dare to drive
game
Unlike traditional road rally events
Our product does not require time consuming and expensive rally
clubs to facilitate the time trials, due to the “catch us if you
can” aitude of the automated service.
Introduction to Today’s Exercise – Product #2
King of the Road
Market Potential:
Unclear. Subaru currently sells 2K in-car GPS units per year on
STi vehicles. They claim that their consumers are price elastic,
but we do not understand either the amount that the price can
be stretched, nor the costs on our side to run the website. On
the other hand, we would gain intangibles within the rally
community that we might exploit on future offerings. We can
always sell our data to cash strapped departments of
transportation for a documentation fee!

Risks Identi ed:
Subaru claims that it will take them 2 years to integrate into
their units. Right now, this is a rst to market feature, but in 2
years, many PNDs will have similar features for free on
enthusiasts websites.
Legal informs us that we may face lawsuits from police
departments for encouraging speeding on the public roads.

1st Order Development Estimates:
Mobile Apps     3 team quarters       Embedded Software       1 team quarter
Hardware        2 team quarters       Web Apps                6 team quarters
Introduction to Today’s Exercise – Product #3
Trust-Me-Nots
Vision:
For creepy guys everywhere
Who don’t trust their signi cant others when they are out of sight
The “Trust-Me-Nots” brand of undergarments is an aractive set of lingerie
with a built-in miniature GPS and 3G radio (housed in an aached locket)
which allows tracking at a distance in real time
Unlike the traditional chastity belt
Our product gives the illusion of love and trust by presentation of the
aractive box set of intimates, yet provides real-time intelligence to the
interested party for tracking purposes.
Introduction to Today’s Exercise – Product #3
Trust-Me-Nots
Market Potential:
We’ll get no money on the lingerie version of this. Just bad press. But we
would never be able to buy that much advertising, to get our name out.
Risks Identi ed:
Engineering risks and excessive costs.
Device must be ready 4 months before Valentine’s Day, as this seems to be
the biggest selling season.
Potential FDA designation as a medical device would put us into a long term
regulatory nightmare.
Potential liability of estranged girlfriends, who may have litigious
propensities based on their loss of privacy concerns.

1st Order Development Estimates:
Mobile Apps     6 team quarters         Embedded Software        1 team quarter
Hardware        4 team quarters         Web Apps                 3 team quarters
Introduction to Today’s Exercise – Product #4
Way To Go!
Vision:
For the busy business traveler
Who uses our standard navigation products
The “Way To Go!” product is a GPS based driving guidance
solution
That uses the real time location, time of day, velocity of the
entire eet using our products, and historical data, to provide
an optimized driving experience
Unlike other GPS driving guidance systems
Our product, an extra cost option on top of our standard applications,
gets the driver to their destination more quickly, by routing the vehicle
around traffic problems as they develop.
Introduction to Today’s Exercise – Product #4
Way To Go!
Future Ideas:
This product probably has no extended market future. This
feature set is rapidly facing commodi cation.

Market Potential:
At $5 per day for this service, we anticipate revenues of
$15M per year for the rst 2 years of operation if we can be rst to market on this.
After those rst 2 years, our rates will have to go down, and although we will aract signi cantly more
customers, we anticipate only $5M for the remaining 2 years of anticipated useful produce life.
However, since we will be collecting data from all users, we will be able to enhance the accuracy of all products,
yielding a $10M bonus from that.

Risks Identi ed:
Potential regulatory issues due to privacy concerns

1st Order Development Estimates:
Mobile Apps     none      Embedded Software        1 team quarter
Hardware        none      Web Apps                 none
Introduction to Today’s Exercise – Product #5
Paint By Cars
Vision:
For the “Engadget or Droid” family
Who’s ready for a day of fun
The “Paint By Cars” product is a web based
painting application
That allows the car to draw the lines and the family to ll
in the colors for pictures outlined over the course of a day’s
driving
Unlike products such as traditional Paint By Number kits,
or even web based Paint By Numbers Online offerings,
Our product uses the car to draw the lines using either
preplanned web based routes downloadable to the GPS
device to suggest pictures to use, or allows for complete
“free hand” expression, so even the most artistically
challenged families can create masterpieces on their
  rst aempt.
Introduction to Today’s Exercise – Product #5
Paint By Cars
Market Potential:
Probably zero.
But we gain intangible reputation assets for being a cool
company, so people might actually buy something else
from us. This has been quanti ed at $10M for 2 years.

Risks Identi ed:
None.

1st Order Development Estimates:
Mobile Apps            6 team quarters
Hardware               none
Embedded Software      1 team quarter
Web Apps               2 team quarters
Introduction to Today’s Exercise – Product #6
MapMaker
Vision:
For map data providers, such as NavTeq
Who are looking for beer quality maps to sell to their
customers
The “MapMaker” product is a road nding and validating
service running invisibly on all of our automotive navigation
products that makes beer GPS road map data available by
tracking every car motion and matching against the current
road map data. As mismatches are found, the data is sent
through a data connection to a central data server for
analysis and new road discovery.
Unlike competing smartphone crowd sourced solutions such as Waze
Our product uses the superior GPS hardware of the LLLSS, augmented
by powerful backend applications and those human eyes and brains
monitoring and analyzing the backend system to provide a world class
database.
Introduction to Today’s Exercise – Product #6
MapMaker
Market Potential:
A steady $12M per year.

Risks Identi ed:
We are unsure exactly how we are going to process the data
anomalies at the present time. Automation may be of use,
but we may need teams of analysis people to work the data.
NavTeq tells us that they need will need 1 month to
Incorporate our feed into their system.

1st Order Development Estimates:
Mobile Apps    none       Embedded Software     ½ team quarter
Hardware       none       Web Apps              ½ team quarter (for backend work)
Create Waypoint Summaries and Form Initial Roadmaps (30 Minutes)
Normally need some form of a spike to gain
necessary product and/or project knowledge.
This should occur with an initial product
backlog containing a few epic user stories.

Bene ts section done primarily by
Product Owner.

Cost section done primarily by Delivery Team.

Risk section is a joint effort.

These are estimates, folks, not exactimates!
Initial idealized roadmaps assume no matrixing between projects. In
other words, pay aention to the product value (bene ts/costs/
risks) waypoints (such as product introduction at trade shows), but
not the time of development.
Create Waypoint Summaries and Form Initial Roadmaps

Assumptions That I Used In My Analysis.

General Assumptions

NPV Discount Rate                    5% per annum
Mobile App Labor Rate              $150 per hour
Hardware Dev Labor Rate            $200 per hour
Embedded Software Labor Rate       $175 per hour
Web App Labor Rate                 $100 per hour
Team Size                             7 people per team
Hours Per Quarter                   500
Mobile App Teams                      3
Hardware Dev Teams                    4
Embedded Software Teams               1
Web App Teams                         2

           You may use other assumptions.
Create Waypoint Summaries and Form Initial Roadmaps
My Results. “I Shop Therefore I Exist Augmented Reality Glasses”
Create Waypoint Summaries and Form Initial Roadmaps
             My Results. “King of the Road”
Create Waypoint Summaries and Form Initial Roadmaps
             My Results. “Trust-Me-Nots”
Create Waypoint Summaries and Form Initial Roadmaps
               My Results. “Way To Go!”
Create Waypoint Summaries and Form Initial Roadmaps
              My Results. “Paint By Cars”
Create Waypoint Summaries and Form Initial Roadmaps
               My Results. “MapMaker”
Create Waypoint Summaries and Form Initial Roadmaps
              Product Backlog Ordered By NPV
               Initial Order          Forecast Business Value
                                   
               ISTIEARG                        $31,735,379
               King of the Road                 $5,312,091
               Trust-Me-Nots                    $5,241,757
               Way To Go!                      $19,301,386
               Paint By Car                     $7,569,820
               Map Maker                       $16,996,426

               Ordered By NPV         Forecast Business Value
                                   
               ISTIEARG                        $31,735,379
               Way To Go!                      $19,301,386
               Map Maker                       $16,996,426
               Paint By Car                     $7,569,820
               Trust-Me-Nots                    $5,241,757
               King of the Road                 $5,312,091

     We can safely forget about the last two products, as we make
                    more money by not making them!
     Don’t forget about the coordination constraints on products
          (this turns out to not be an issue for this example).
Create Waypoint Summaries and Form Initial Roadmaps
                                                               My Idealized Roadmap
                          1st	
  Quarter	
   2nd	
  Quarter	
   3rd	
  Quarter	
   4th	
  Quarter	
   5th	
  Quarter	
   6th	
  Quarter	
   7th	
  Quarter	
   8th	
  Quarter	
  

ISTIEARG	
                   $5,162,500	
   $7,525,000	
   $7,227,570	
   $5,719,008	
                  $1,321,726	
   $15,121,437	
   $30,592,160	
   $40,998,790	
  
Way	
  To	
  Go!	
                           $612,500	
   $226,250	
   $3,015,000	
                     $6,803,750	
   $13,592,500	
   $16,681,250	
   $19,570,000	
  
MapMaker	
                                                 $1,018,750	
   $3,931,250	
                  $6,843,750	
   $9,756,250	
   $12,668,750	
   $15,581,250	
  
Paint	
  By	
  Cars	
                                      $2,537,500	
   $4,208,750	
                  $1,962,500	
     $283,750	
   $2,530,000	
   $4,776,250	
  
Overlay Initial Roadmaps With Development Realities (20 Minutes)

The hard part is keeping track of resource estimates over time for matrixed
organizations - good luck with that! J
Sometimes, the best planning tool for this is Microsoft Project,
done with “one bar per release”, and utilizing resources as an aggregate.
There is nothing wrong planning to the appropriate level with Project and staying within
an Agile mindset.
But, if you start tracking against that plan, I’m going to have to hurt you!
Even beer is a quick way to visualize your resources over time.

Remember:
    We only need a rational basis to justify our plans we are not in a court of law.
    Things will change.
    Deal with change in Portfolio Management Update Sessions.
Overlay Initial Roadmaps With Development Realities
My Method to Visualize Roadmap and Resources Over Time
Iterate on Initial Roadmap With Development Realities
                                                 An Improved Roadmap, Perhaps?
                          1st	
  Quarter	
   2nd	
  Quarter	
   3rd	
  Quarter	
   4th	
  Quarter	
   5th	
  Quarter	
   6th	
  Quarter	
   7th	
  Quarter	
   8th	
  Quarter	
  

MapMaker	
                   $1,018,750	
   $3,931,250	
   $6,843,750	
   $9,756,250	
   $12,668,750	
   $15,581,250	
                       $18,493,750	
       $21,406,250	
  
Way	
  To	
  Go!	
            $612,500	
   $226,250	
   $3,015,000	
   $6,803,750	
   $13,592,500	
   $16,681,250	
                          $19,570,000	
       $22,258,750	
  
Paint	
  By	
  Cars	
                       $2,537,500	
   $4,208,750	
   $1,962,500	
   $283,750	
   $2,530,000	
                            $4,776,250	
        $6,996,250	
  
ISTIEARG	
                                                                $5,162,500	
   $7,525,000	
   $7,227,570	
                          $5,719,008	
        $1,321,726	
  
Describe and Discuss Results Within Each Team
Retrospective on the Process (10 Minutes)
Fin
Portfolio Management
      Figuring Out How to Say When and Why

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Portfolio Management - Figuring Out How to Say When and Why

  • 1. Portfolio Management Figuring Out How to Say When and Why
  • 2. What is Portfolio Management, and Why Should I Care? Levels of Planning Strategic Vision Roadmap Release Tactical Iteration Daily Clip  from  Powers  of  Ten  (1968),  by  Charles  and  Ray  Eames,  distributed  by  YouTube  
  • 3. What Happens If You Don’t Deal With Portfolio Management? Johanna  Rothman.    March  2011.  Manage  Your  Project  Por4olio,  The  PragmaGc  Programmer,  LLC.    Page  31.  
  • 4. How Proper Portfolio Management Helps The Organization. Johanna  Rothman.    March  2011.  Manage  Your  Project  Por4olio,  The  PragmaGc  Programmer,  LLC.    Page  30.  
  • 5. Definitions of Terms Product Line Product Project Roadmap Waypoint Release Plan Clip  from  Mechanical  Principles  (1930),  by  Ralph  Steiner,  distributed  by  YouTube  
  • 6. The Difference Between Roadmapping and Release Planning Roadmap Plans Product and features driving pro ts over time Marketing may have tendency to state dates with “wish and desire” Does not take all development realities and matrix effects into account Release Plans Technical realities force dates Need to address dependency issues and matrix issues
  • 7. Good Planning is Relaxation On A System of Constraints Constraints Faced Risk tolerance Resources Uncertainties Need to perform and meet unreasonable expectations These constraints form the boundaries on an acceptable solution. One needs Agile honesty and transparency to understand and then relax the constraints to allow for an acceptable solution.
  • 8. Justifying a Product Backlog Ordering Strict Scrutiny Test Extremely exacting – can you prove beyond all reasonable doubt? Rational Basis Test Low level of scrutiny – can you come up with some story that isn’t certi ably insane? Factors Used in Backlog Ordering Bene t Cost Risk
  • 9. Das Kapital – An Unlikely Source For Roadmapping Guidance What It Is: Discounting method Cash ows in and out, i.e. quanti cations of bene ts, costs, and risks Computes the “time value” of money Why We Do It: Compare one long term project against another Allows us to see which alternative is the “best investment” for our money But stay Agile Don’t go nuts with the numbers. There are already huge guesstimates in the assumptions! Use SWAGs if necessary. Use rational basis, not strict scrutiny, in assessing level of con dence for roadmapping.
  • 10. The Role of Risk Mitigation in a Successful Product Risk Categories Business Market Resource Dependency Analysis Technical Clip  from  Toncon9n  Landing  Over  Road  (2009),  by  obatala38,  distributed  by  YouTube      
  • 11. The Perfect Product Roadmap Messed Up By The Usual Suspects Clip  from  The  Usual  Suspects  (1995),  by  Bryan  Singer,  distributed  by  MGM  Studios    
  • 12. The Moves To Portfolio Management 1.  Create a business value based roadmap based on NPV to create an idealized roadmap. 2.  Create a release plan that utilizes resources in the most efficient fashion to match the roadmap desires (make sure that you account for date constraints from non- team dependencies, too!) 3.  Rinse, wash, and repeat 1 & 2 until mutually acceptable roadmaps and release plans can be agreed upon. 4.  Conduct a Portfolio Management Update Review once a month to take new realities from the market as well as team progress based on velocity metrics into account.
  • 13. Split Into Teams and Start the Workshop (10 Minutes)
  • 14. Introduction to Today’s Exercise – The Company Location, Location, Location Software Solutions LLLSS builds location based software solutions by creating GPS hardware, associated embedded software, and application software for mobile (iOS, Android, BlackBerry OS, Windows Mobile) and web platforms. Product lines in automotive, pedestrian, aviation, and seafaring spaces, for consumer and industrial seings. 3 mobile app development teams 4 hardware development teams 1 embedded software development team 2 web app development teams
  • 15. Introduction to Today’s Exercise – Product #1 I Shop Therefore I Exist Augmented Reality Glasses Vision: For the mobile consumer Who is cruising around and looking for shopping opportunities The “I Shop, Therefore I Exist Augmented Reality Glasses” product is a mobile product locator That points out places along a GPS driving route for purchasing opportunities that will be of interest and intrigue to the driver Unlike products such as Google Maps Our product projects driver purchase interests directly in a heads up display situated in fashionable goggles right along with the turn guidance of the main GPS system. ISTIEARG avoids confusing sensory overload in crowded urban situations by using head and eye tracking detectors, to ensure the timely updating of only those targeted businesses that match both the gaze and shopping interests of the drivers.
  • 16. Introduction to Today’s Exercise – Product #1 I Shop Therefore I Exist Augmented Reality Glasses Future Ideas: One follow on product is targeted at the 35-65 years old tourist crowd, to point out local points of interest along the route. Another targets the 21-35 year old male demographic. This version has night light ampli cation technology as well as adult themed shopping content. Market Potential: First year, $15M in primary sales, $10M in advertising buy-ins. Second and third year, assume near 2nd order polynomial, tapering after market saturation Risks Identi ed: Engineering costs, safety factors, potential regulatory issues due to privacy concerns 1st Order Development Estimates: Mobile Apps none Embedded Software 2 team quarters Hardware 4 team quarters Web Apps 2 team quarters (data sources)
  • 17. Introduction to Today’s Exercise – Product #2 King of the Road Vision: For the Surabu STi road rallying enthusiast Who wants to demonstrate their alpha maleness The “King Of The Road” entertainment system is an overpriced option to the Subaru built-in GPS offering that allows enthusiasts to select and download preplanned rally routes to their GPS. The driver can then drive the course and have their results automatically posted in this nationwide dare to drive game Unlike traditional road rally events Our product does not require time consuming and expensive rally clubs to facilitate the time trials, due to the “catch us if you can” aitude of the automated service.
  • 18. Introduction to Today’s Exercise – Product #2 King of the Road Market Potential: Unclear. Subaru currently sells 2K in-car GPS units per year on STi vehicles. They claim that their consumers are price elastic, but we do not understand either the amount that the price can be stretched, nor the costs on our side to run the website. On the other hand, we would gain intangibles within the rally community that we might exploit on future offerings. We can always sell our data to cash strapped departments of transportation for a documentation fee! Risks Identi ed: Subaru claims that it will take them 2 years to integrate into their units. Right now, this is a rst to market feature, but in 2 years, many PNDs will have similar features for free on enthusiasts websites. Legal informs us that we may face lawsuits from police departments for encouraging speeding on the public roads. 1st Order Development Estimates: Mobile Apps 3 team quarters Embedded Software 1 team quarter Hardware 2 team quarters Web Apps 6 team quarters
  • 19. Introduction to Today’s Exercise – Product #3 Trust-Me-Nots Vision: For creepy guys everywhere Who don’t trust their signi cant others when they are out of sight The “Trust-Me-Nots” brand of undergarments is an aractive set of lingerie with a built-in miniature GPS and 3G radio (housed in an aached locket) which allows tracking at a distance in real time Unlike the traditional chastity belt Our product gives the illusion of love and trust by presentation of the aractive box set of intimates, yet provides real-time intelligence to the interested party for tracking purposes.
  • 20. Introduction to Today’s Exercise – Product #3 Trust-Me-Nots Market Potential: We’ll get no money on the lingerie version of this. Just bad press. But we would never be able to buy that much advertising, to get our name out. Risks Identi ed: Engineering risks and excessive costs. Device must be ready 4 months before Valentine’s Day, as this seems to be the biggest selling season. Potential FDA designation as a medical device would put us into a long term regulatory nightmare. Potential liability of estranged girlfriends, who may have litigious propensities based on their loss of privacy concerns. 1st Order Development Estimates: Mobile Apps 6 team quarters Embedded Software 1 team quarter Hardware 4 team quarters Web Apps 3 team quarters
  • 21. Introduction to Today’s Exercise – Product #4 Way To Go! Vision: For the busy business traveler Who uses our standard navigation products The “Way To Go!” product is a GPS based driving guidance solution That uses the real time location, time of day, velocity of the entire eet using our products, and historical data, to provide an optimized driving experience Unlike other GPS driving guidance systems Our product, an extra cost option on top of our standard applications, gets the driver to their destination more quickly, by routing the vehicle around traffic problems as they develop.
  • 22. Introduction to Today’s Exercise – Product #4 Way To Go! Future Ideas: This product probably has no extended market future. This feature set is rapidly facing commodi cation. Market Potential: At $5 per day for this service, we anticipate revenues of $15M per year for the rst 2 years of operation if we can be rst to market on this. After those rst 2 years, our rates will have to go down, and although we will aract signi cantly more customers, we anticipate only $5M for the remaining 2 years of anticipated useful produce life. However, since we will be collecting data from all users, we will be able to enhance the accuracy of all products, yielding a $10M bonus from that. Risks Identi ed: Potential regulatory issues due to privacy concerns 1st Order Development Estimates: Mobile Apps none Embedded Software 1 team quarter Hardware none Web Apps none
  • 23. Introduction to Today’s Exercise – Product #5 Paint By Cars Vision: For the “Engadget or Droid” family Who’s ready for a day of fun The “Paint By Cars” product is a web based painting application That allows the car to draw the lines and the family to ll in the colors for pictures outlined over the course of a day’s driving Unlike products such as traditional Paint By Number kits, or even web based Paint By Numbers Online offerings, Our product uses the car to draw the lines using either preplanned web based routes downloadable to the GPS device to suggest pictures to use, or allows for complete “free hand” expression, so even the most artistically challenged families can create masterpieces on their rst aempt.
  • 24. Introduction to Today’s Exercise – Product #5 Paint By Cars Market Potential: Probably zero. But we gain intangible reputation assets for being a cool company, so people might actually buy something else from us. This has been quanti ed at $10M for 2 years. Risks Identi ed: None. 1st Order Development Estimates: Mobile Apps 6 team quarters Hardware none Embedded Software 1 team quarter Web Apps 2 team quarters
  • 25. Introduction to Today’s Exercise – Product #6 MapMaker Vision: For map data providers, such as NavTeq Who are looking for beer quality maps to sell to their customers The “MapMaker” product is a road nding and validating service running invisibly on all of our automotive navigation products that makes beer GPS road map data available by tracking every car motion and matching against the current road map data. As mismatches are found, the data is sent through a data connection to a central data server for analysis and new road discovery. Unlike competing smartphone crowd sourced solutions such as Waze Our product uses the superior GPS hardware of the LLLSS, augmented by powerful backend applications and those human eyes and brains monitoring and analyzing the backend system to provide a world class database.
  • 26. Introduction to Today’s Exercise – Product #6 MapMaker Market Potential: A steady $12M per year. Risks Identi ed: We are unsure exactly how we are going to process the data anomalies at the present time. Automation may be of use, but we may need teams of analysis people to work the data. NavTeq tells us that they need will need 1 month to Incorporate our feed into their system. 1st Order Development Estimates: Mobile Apps none Embedded Software ½ team quarter Hardware none Web Apps ½ team quarter (for backend work)
  • 27. Create Waypoint Summaries and Form Initial Roadmaps (30 Minutes) Normally need some form of a spike to gain necessary product and/or project knowledge. This should occur with an initial product backlog containing a few epic user stories. Bene ts section done primarily by Product Owner. Cost section done primarily by Delivery Team. Risk section is a joint effort. These are estimates, folks, not exactimates! Initial idealized roadmaps assume no matrixing between projects. In other words, pay aention to the product value (bene ts/costs/ risks) waypoints (such as product introduction at trade shows), but not the time of development.
  • 28. Create Waypoint Summaries and Form Initial Roadmaps Assumptions That I Used In My Analysis. General Assumptions NPV Discount Rate 5% per annum Mobile App Labor Rate $150 per hour Hardware Dev Labor Rate $200 per hour Embedded Software Labor Rate $175 per hour Web App Labor Rate $100 per hour Team Size 7 people per team Hours Per Quarter 500 Mobile App Teams 3 Hardware Dev Teams 4 Embedded Software Teams 1 Web App Teams 2 You may use other assumptions.
  • 29. Create Waypoint Summaries and Form Initial Roadmaps My Results. “I Shop Therefore I Exist Augmented Reality Glasses”
  • 30. Create Waypoint Summaries and Form Initial Roadmaps My Results. “King of the Road”
  • 31. Create Waypoint Summaries and Form Initial Roadmaps My Results. “Trust-Me-Nots”
  • 32. Create Waypoint Summaries and Form Initial Roadmaps My Results. “Way To Go!”
  • 33. Create Waypoint Summaries and Form Initial Roadmaps My Results. “Paint By Cars”
  • 34. Create Waypoint Summaries and Form Initial Roadmaps My Results. “MapMaker”
  • 35. Create Waypoint Summaries and Form Initial Roadmaps Product Backlog Ordered By NPV Initial Order Forecast Business Value     ISTIEARG $31,735,379 King of the Road $5,312,091 Trust-Me-Nots $5,241,757 Way To Go! $19,301,386 Paint By Car $7,569,820 Map Maker $16,996,426 Ordered By NPV Forecast Business Value     ISTIEARG $31,735,379 Way To Go! $19,301,386 Map Maker $16,996,426 Paint By Car $7,569,820 Trust-Me-Nots $5,241,757 King of the Road $5,312,091 We can safely forget about the last two products, as we make more money by not making them! Don’t forget about the coordination constraints on products (this turns out to not be an issue for this example).
  • 36. Create Waypoint Summaries and Form Initial Roadmaps My Idealized Roadmap 1st  Quarter   2nd  Quarter   3rd  Quarter   4th  Quarter   5th  Quarter   6th  Quarter   7th  Quarter   8th  Quarter   ISTIEARG   $5,162,500   $7,525,000   $7,227,570   $5,719,008   $1,321,726   $15,121,437   $30,592,160   $40,998,790   Way  To  Go!   $612,500   $226,250   $3,015,000   $6,803,750   $13,592,500   $16,681,250   $19,570,000   MapMaker   $1,018,750   $3,931,250   $6,843,750   $9,756,250   $12,668,750   $15,581,250   Paint  By  Cars   $2,537,500   $4,208,750   $1,962,500   $283,750   $2,530,000   $4,776,250  
  • 37. Overlay Initial Roadmaps With Development Realities (20 Minutes) The hard part is keeping track of resource estimates over time for matrixed organizations - good luck with that! J Sometimes, the best planning tool for this is Microsoft Project, done with “one bar per release”, and utilizing resources as an aggregate. There is nothing wrong planning to the appropriate level with Project and staying within an Agile mindset. But, if you start tracking against that plan, I’m going to have to hurt you! Even beer is a quick way to visualize your resources over time. Remember: We only need a rational basis to justify our plans we are not in a court of law. Things will change. Deal with change in Portfolio Management Update Sessions.
  • 38. Overlay Initial Roadmaps With Development Realities My Method to Visualize Roadmap and Resources Over Time
  • 39. Iterate on Initial Roadmap With Development Realities An Improved Roadmap, Perhaps? 1st  Quarter   2nd  Quarter   3rd  Quarter   4th  Quarter   5th  Quarter   6th  Quarter   7th  Quarter   8th  Quarter   MapMaker   $1,018,750   $3,931,250   $6,843,750   $9,756,250   $12,668,750   $15,581,250   $18,493,750   $21,406,250   Way  To  Go!   $612,500   $226,250   $3,015,000   $6,803,750   $13,592,500   $16,681,250   $19,570,000   $22,258,750   Paint  By  Cars   $2,537,500   $4,208,750   $1,962,500   $283,750   $2,530,000   $4,776,250   $6,996,250   ISTIEARG   $5,162,500   $7,525,000   $7,227,570   $5,719,008   $1,321,726  
  • 40. Describe and Discuss Results Within Each Team
  • 41. Retrospective on the Process (10 Minutes)
  • 42. Fin
  • 43. Portfolio Management Figuring Out How to Say When and Why