You’ve got a team, and it’s got some quirks. That may be OK if it’s got these following factors that make up a high performing product team.
The “five factors of high performing product teams” is the result of a study performed by Actuation Consulting. You can request a full copy of the study here, but above is our interview with the President of Actuation Consulting, Greg Geracie at the 2012 Silicon Valley Code Camp conference at Foothill College in Los Altos, California.
High performing product teams need the following:
- High degrees of executive involvement: Instead of just having one executive in place, there is more than one executive that engages with the product team.
- Managing the transition from development into ongoing support and launch: If there is a single person that has accountability, there is a higher likelihood that the team will succeed.
- Onboarding new employees to the product team: Geracie underappreciated this at the beginning. If you don’t sink enough resources into this you’ll fail.
- Make sure the product team is aligned with the company’s overall goals and objectives: Fifteen percent of product teams have a portfolio plan in place and only 14 percent have multi-year strategies. Absence of these is an indicator that you’re not performing at a high level. And even those organizations that do have those plans in place, only 50 percent of their respondents say they do it effectively.
- Make sure you have the right people on the team: Forty two percent of respondents said they had the right people on the team. This breaks down when you look at the actual launch process because it’s typically under-resourced and it doesn’t have the appropriate parties on the team.
The biggest surprise from the study, said Geracie, was that the majority of organizations are using blended methodologies to produce their products. If you listen to industry buzz it’s agile that’s getting the marketing noise, but they found that 53 percent are actually using some combination of agile and waterfall.