The guardrails are our agreements with each other across the enterprise. Each role, however, manifests these agreements in different ways. The following provides more detail on what the guardrails mean for product managers.
Work on items that will realize the greatest amount of business value across the enterprise
As you get closer to the actual implementation of work, you need to define the specifics of what you are going to work on. This requires clarity about what value can be realized soonest. It is the product manager’s responsibility to specify MBIs based on the needs of the business and the projected cost given to them by technology.
Collaborate with each other in order to maximize the realization of business value across the enterprise
No matter how well planned out work is, there will be many people who are overburdened with requests. While they can always do a request for one team if doing so doesn’t adversely affect other teams, that is usually not the case. When conflicts arise, the deciding factor is what lowers the cost of delay. Understanding what is important is a key for this.
Product Managers also have the role of coaching business stakeholders into why product management is so critical. They are one of two key roles (product owners being the other) in bridging the gap between business stakeholders and technology.
Ensure that all work will be made visible
Visibility also means “why this work is important.” MBIs provide a way to have line of sight from features and stories to what the company is focusing on.
Take the necessary steps to sustain or increase predictability
The biggest cause of unpredictability of the realization of value is unplanned work that causes unforeseen delays. Much of this work is due to overloading of teams. To avoid having too much work in process it is important to know when to say “no”. This requires saying “yes” only to the most important work.
Keep the work throughout the value stream within capacity
Too much work not only affects predictability, it also delays the realization of value. MBIs are a key aspect of the intact process – allowing technology to pull the most important work as they have capacity.
Encourage everyone to strive for continuous improvement
Complex systems always have areas of improvement although they are often difficult to see. The combination of focus on value, visibility, collaboration and working at a sustainable pace provides opportunities for improvement.