FYAM: Exploring Time to Market (T2M) and Item Aging
Mar 12, 2024
21:53
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The podcast explores measuring time and aging in projects, emphasizing the need to define starting points. It discusses the importance of understanding work item 'end' and triggering conversations on project management. Additionally, it delves into the significance of work item age and flow metrics for transformative insights.
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Quick takeaways
Using evidence-based management enhances decision-making by validating actions with data.
Tracking work item aging helps to assess project relevance and prevent value decay.
Deep dives
Managing Complex Challenges with Evidence-Based Leadership
Successful modern managers face challenges involving direct reports, stakeholders, and customers. The key is using data and information for making informed decisions to deliver effectively and efficiently. By merging evidence-based management into leadership, organizations can enhance decision-making processes by validating actions based on collected data and improving organizational capabilities.
Understanding Work Item Aging for Effective Decision-Making
Work item aging measures the time lapse between initiation and current status, indicating value decay and relevance risks over time. By tracking aging metrics, organizations can assess the necessity and timeliness of ongoing projects or processes, enabling proactive decision-making to prevent value degradation or disruptions. Reflecting customer service, HR scenarios highlight the critical impact of work item age on satisfaction and operational efficiency.
Measuring Work Item Age for Improved Conversations and Actions
Measuring work item age in days provides a simple yet powerful tool for evaluating project progress and risk exposure. It prompts discussions on project relevance, delays, or potential cancellations, leading to informed decisions and meaningful dialogue within teams. Utilizing work item aging as a conversational trigger fosters a strategic approach to managing projects, enhancing value delivery and operational efficiency.
π "Unlocking Business Agility with Evidence-Based Management: Satisfy Customers and Improve Organizational Effectiveness" on Amazon -- https://amzn.to/4690qJy
π "Fixing Your Scrum: Practical Solutions to Common Scrum Problems" on Amazon -- https://amzn.to/46dAQTC