Talk: WATCH OUT !! Pitfalls while managing Lean Agile Portfolio
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Speaker:
Raghavendra Mithare
Talk description
Title:
WATCH OUT !! Pitfalls while managing Lean Agile Portfolio
Short synopsis:
It is interesting to observe while some companies are struggling to adopt basic Scrum Practices many organizations have gone beyond their development teams and extending Lean and Agile principles across their businesses. Scaled Agile Framework (SAFe) has been used by many large enterprises and it has detailed guidance on managing large portfolios. In this session we will explore some pitfalls that team should be aware by using elements of “Behavioural Economics” (based on pioneering work done by Prof. Daniel Kahneman)
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Long synopsis (optional):
It is interesting to observe while some companies are struggling to adopt basic Scrum Practices many organizations have gone beyond their development teams and extending Lean and Agile principles across their businesses. Scaled Agile Framework (SAFe) has been used by many large enterprises and it has detailed guidance on managing large portfolios. In this session we will explore some pitfalls that team should be aware by using elements of “Behavioural Economics” (based on pioneering work done by Prof. Daniel Kahneman) Let’s consider the following example. Steve was selected at random from a representative sample. An individual has been described by a neighbor as follows: “Steve is very shy and withdrawn, invariably helpful but with little interest in people or in the world of reality. A meek and tidy soul, he has a need for order and structure, and a passion for detail.” Is Steve more likely to be a librarian or a farmer? Most people answer as Steve is more likely to be Librarian. Which not accurate. because it depends on occupational stereotypes while ignoring “equally relevant statistical considerations.” A very basic knowledge/awareness of statistics will tell us that - there are more than 20 male farmers for each male librarian, Because there are so many more farmers, it is almost certain that more ‘meek and tidy’ souls will be found on tractors than at library information desks.” Another Simple example Problem: A bat and a ball together cost £1.10. The bat is $1.00 more than the ball. How much does the ball cost? The first answer that comes to mind for most people is £0.10 (10p) which is wrong !! (Take a pen and pencil and verify if you have not got it right !! ) In this session we will discuss some these pitfalls (biases) and possible solutions.
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