The Role of the Product Owner in Delivering Business Value
The critical role of Product Owner calls for someone who both understands the company and how it functions. They must also understand the expectations of stakeholders with respect to the new product to be developed. The Product Owner is the steward of the Product Backlog, the compendium of all the user stories that describe the product.
In order to optimise the value of delivery, he must organise the contents by priority, ranking the most vital components as the highest priority. This process is known as “Prioritizing the Product Backlog” and is a key element in delivering the most business value in the shortest time. It is also a continuous process; the Prioritized Product backlog is “refined” frequently to ensure that the prioritization is both current and correct.
The Product Owner also plays a major part in defining the appropriate Acceptance Criteria, both at a macro level and at a user story level. As these criteria are used to determine whether a component is complete or not, they are indicators of the inherent value of that component. In essence, the Product Owner is the manager of value for the project.
Recommended Further Reading
The following materials may assist you in order to get the most out of this course: