Scrum.org Community Podcast Toyota Connected: How the Ideas of the Agile Product Operating Model Shape Portfolio Management Strategy
20 snips
Apr 10, 2025 Lucas Smith, Director of Agile Program & Services at Toyota Connected, dives into how Toyota applies Agile Product Operating Model principles to portfolio management. He discusses the delicate balance between agility and control, ensuring teams can innovate while remaining aligned with strategic goals. Topics include managing product complexity in connected vehicles, the intricacies of product life cycles, funding strategies, and overcoming challenges of software longevity and technical debt. Tune in to discover Toyota's innovative approaches to enhancing collaboration and efficiency!
AI Snips
Chapters
Books
Transcript
Episode notes
Defining Products
- Define your products clearly, considering both customer-facing and internal products.
- A practical rule of thumb: if someone can complain about it and name it, it's likely a product.
Product Life Cycle and Funding
- Understand a product's life cycle (explore, expand, extract, end-of-life) for effective portfolio management.
- Tailoring funding models and approval processes to each stage ensures appropriate risk and investment levels.
Empowering Teams
- Empower teams to determine the work based on strategy, roadmaps, and user needs.
- This approach balances agility with control, fostering ownership and motivation within teams.
