Practical Application of Dude's Law: Come Play the Value Estimation Game!Abstract:
You know how you determine the "bigness" of your work and establishing commitments, but how do your customers ensure you're committing to the right thing?
Come experience relative estimation to determine value. We'll use David Hussman's "Dude's Law" (Value = Why? / How?) to prioritize the work.
We will share techniques for determining the "Why?" so that you can generate a Value Index. What many people will be surprised to learn is that they already have tools for sizing that can be used for determining value and prioritization.
The break-out of the 75 minutes would include:
3 minutes: Introduction to Dude's Law and the Value-Driven Heuristic
10 minutes: Explain and model the first exercise (Team Estimation Game for relative sizing)
10 minutes: Have round-table teams execute first exercise with a set of 10 features
5 minutes: Explain and model the second exercise (Team Estimation Game for relative benefit - same mechanism, so it takes less time to explain and model)
10 minutes: Have the round-table teams execute second exercise with the same set of 10 features
10 minutes: Have each team determine the Value Index of each card by applying Dude's Law
15 minutes: Have teams share their outcomes, insights
12 minutes (or less, if previous sections have run over): Q&A *
* In the case that there are not enough questions to fill the remaining time, I will explain the flexibility of Dude's Law (you can use Planning Poker or whatever technique works best for you) and introduce them to concepts such as Weighted Shortest Job First and Value Dial weighting.
The concept of Relative Sizing (Story Points, T-shirt sizing, etc.)
- Experience and learn how to apply a practical, proven game for prioritizing your work based on value
- Understand that using a heuristic for valuation is better than both gut-feel and over-engineering
- Understand that, as with estimating size/cost, the real value comes from the conversation
I've done the Team Estimation Game dozens of times before with as many teams and have done the exercise including benefit to determine a Value Index with at least one of those teams. I also have led Program Management teams through a very similar prioritization matrix model that leverages the concept of Weighted Shortest Job First.
My presentation is a reflection of my own beliefs and experiences. None of the material I present should be interpreted as an endorsement by my employer. I have received express written permission from David Hussman to reference Dude's Law, and I am a Certified SAFe Program Consultant (SPC), which qualifies me to speak on their Weighted Shortest Job First (WSJF) Framework.
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