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Value of the product

Last post 01:07 am July 31, 2018 by Alfredo Alcantara
4 replies
Alfredo Alcantara
11:15 pm July 27, 2018

Hi all!

Sorry if such topic was created but didn't find it. So my question is: how can we measure the value of the product if my product (in my team) can only decrease the size of costs? Is this right to say that decreasing TCO is the value for my product?

Ching-Pei Li
11:27 pm July 27, 2018

If you are the target customer of this product, how much would you like to pay to buy this product?

The value of a product depends on how much business benefits can be brought to the customer, not how many functions.

 

Ian Mitchell
07:53 pm July 29, 2018

...my question is: how can we measure the value of the product if my product (in my team) can only decrease the size of costs?

Has the Product Owner liaised with stakeholders to frame a value proposition which balances their interests?

Gunther Firk
04:13 pm July 30, 2018

I'll tell my mind: I am the Product Owner and we create the product that decrease the quantity of staffs. In general we automatize processess. Our product lower costs and due to this our shareholders get more income. Maybe it is very simple definition and there are many aspects, but if you have the same situation I am sure your product return value. 

 

Alfredo Alcantara
01:07 am July 31, 2018

Thanks Orkhan, Ian and Ching-Pei,

I hope I understood.

 

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