Measuring and Monitoring Costs for Continuous Improvement

Published on
2 minute read

Understanding Product Costs and Maximizing Value | Martin Hinshelwood In this video, we dive into the complexities of product costs and how to evaluate the return on investment (ROI) of your software development efforts. From understanding cost per sprint to leveraging evidence-based management for decision-making, this discussion highlights the importance of empowering every team member to think like an entrepreneur.


📌 Chapters:

  1. 00:00 – Introduction: The True Cost of Building Software Products
  2. 03:00 – Calculating Cost Per Sprint: Hardware and People
  3. 06:45 – Empowering Teams with Financial Context
  4. 10:15 – The Role of Evidence-Based Management
  5. 13:30 – Metrics for Current and Future Market Value
  6. 17:45 – Capability Metrics: Time to Market & Ability to Innovate
  7. 21:00 – Reducing Technical Debt and Improving Quality

🎯 Who This Video is For: • CTOs and engineering leaders aiming to improve ROI for product development • Product managers and Scrum teams looking to connect cost to value • Organizations struggling with technical debt, low quality, or slow delivery cycles • Teams interested in evidence-based management and holistic decision-making


📖 What You’ll Learn: • How to calculate cost per sprint and assess the ROI of each iteration • The value of every team member understanding the financial impact of their work • The role of evidence-based management in identifying and monitoring key metrics • Metrics for assessing current market value, future opportunities, and capability • How to balance innovation vs. maintenance for long-term success • Why addressing technical debt and poor quality is critical for faster time to market


💡 Key Takeaways: • Product costs are driven primarily by people and infrastructure—understanding these is vital. • Teams that understand the cost and value of their work make better decisions. • Evidence-based management provides a framework for monitoring market value and organizational capability. • Measuring and addressing technical debt and low quality unlocks faster delivery and more innovation. • Empowering teams with financial knowledge fosters a culture of ownership and continuous improvement.


🚀 Call to Action: At Naked Agility, we help organizations understand the true cost of their products and empower teams to maximize value delivery. Contact us on https://www.nkdagility.com  to discover how we can support your journey toward evidence-based management, financial awareness, and agile product excellence.

#agile #productdevelopment #productmanagement #projectmanagement #devops #agileproductdevelopment #agileproductmanagement #agileprojectmanagement #projectmanager #productmanager #productowner #scrummaster #professionalscrumtrainer #scrum #leanproductdevelopment Watch on Youtube 

Software development Software engineering Product development Product management project management agile project management agile product development agile product management

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