Cost Of Delay Insights For Better Product Scope Management
Be fully aware of the cost of delay on your project, quantify it and treat it as an important factor to consider when managing your product scope.
One of the key findings of the research project is that founders that have supportive mentors, track metrics, and learn from startup thought leaders raise 7x more capital and have 3.5x better user growth. In short, startups that learn are more successful.
Assuming you want to make profits rather than products, scope is the main driver of your economic results. It ultimately determines the value you will deliver to your customers and, consequently, the revenue you will be able to generate from your product or software-enabled business venture.
Formative evaluation is a type of usability evaluation that is carried out early in the design process to detect and eliminate usability problems during design, when changes are much cheaper and easier to implement than in later stages of software product development.