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Tushar Rathod
Lean Product Portfolios: Beyond Value Stream Mapping is about building and managing products collectively as a portfolio to maximize value creation. It explores these key concepts:
● Customer centricity and Value Stream Mapping across related products
● Product Design using Lean Principles for Product Lines and Product Suites
● Building Scalable Enterprise Architecture
● The use of User Research & Human-Centered Design
● Day-to-day Product Management: Individual Product Plans & Integrated Portfolio Roadmap
● Actionable strategies for Product Lifecycle Management, including -
Read more
Lean Product Portfolios: Beyond Value Stream Mapping is about building and managing products collectively as a portfolio to maximize value creation. It explores these key concepts:
● Customer centricity and Value Stream Mapping across related products
● Product Design using Lean Principles for Product Lines and Product Suites
● Building Scalable Enterprise Architecture
● The use of User Research & Human-Centered Design
● Day-to-day Product Management: Individual Product Plans & Integrated Portfolio Roadmap
● Actionable strategies for Product Lifecycle Management, including -
Read more
Lean Product Portfolios: Beyond Value Stream Mapping is about building and managing products collectively as a portfolio to maximize value creation. It explores these key concepts:
● Customer centricity and Value Stream Mapping across related products
● Product Design using Lean Principles for Product Lines and Product Suites
● Building Scalable Enterprise Architecture
● The use of User Research & Human-Centered Design
● Day-to-day Product Management: Individual Product Plans & Integrated Portfolio Roadmap
● Actionable strategies for Product Lifecycle Management, including -
o New Product Strategy
o Market Acquisition, Expansion, Realignment
o Product-Market Fit, Go-to-market, & post-launch expansion
o Product and feature retirement (overlaps, non-opportunities, lifecycle decision)
● Creating and managing a complex Product Portfolio using Lean principles
Potential case studies for this course could include the challenges of evolving legacy product lines, such as Modernization Acceleration in Insurance and Banking industry, SSN management at Social Security Administration, health records at CMS; as well as new scaled product offerings at major tech companies like PayPal.
Register for this course and see more details by visiting:
OpenCourser.com/course/3hr8mu/lean
What's inside
Learning objectives
- ● learn and manage foundational elements of scaling products
- ● build and manage a portfolio of related and unrelated products
- ● identify new product opportunities with adjacency to existing product portfolio
- ● learn and manage foundational elements of scaling products
- ● build and manage a portfolio of related and unrelated products
- ● identify new product opportunities with adjacency to existing product portfolio
Syllabus
__
● Week 1: Value Creation Framework
o Create a shared understanding of what value is, identify value creation opportunities in the market place and shape solutions
Read more
Syllabus
__
● Week 1: Value Creation Framework
o Create a shared understanding of what value is, identify value creation opportunities in the market place and shape solutions
Read more
● Week 2: Enterprise Architecture
o Understand and align the needs of the customer (Customer Journeys) to business operations (processes and capabilities) to the IT systems (applications and services) that power them
● Week 3: Product Operations
o Understand User Experience Research & Design
o Design and build foundational elements of product management discipline that product teams can adopt
● Week 4: Product Lifecycle Management
o Build a deeper understanding of what it takes to successfully navigate a product from 0-1, to a full-featured product, to product retirement
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Teaches foundational elements of scaling products
Explores the concepts key to maximizing portfolio value
Utilizes techniques and case studies in healthcare and finance industries for practical understanding
Provides hands-on approach to product lifecycle management
Develops skills and knowledge immediately useful in real-world product management
Save this course
Save Lean Product Portfolios: Beyond Value Stream Mapping to your list so you can find it easily later:
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Reviews summary
Agile product portfolios
Learners say that Lean Product Portfolios: Beyond Value Stream Mapping has a good mix of content on technical and business aspects with innovative strategies. Reviews suggest that it's a must-read for agile practitioners.
The course content is relevant and interlinked.
"The course has a lot of theoretical content, topics are relevant, and interlinked."
The course lacks practical elements like projects, exercises, and case studies.
"However, there is a great room for improvement."
"Including a project, more exercises , and business case study will help digesting the content even more."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Lean Product Portfolios: Beyond Value Stream Mapping with these
activities:
Explore Scaled Lean Architecture and Value Streams
Show steps
Familiarize yourself with advanced concepts in Scaled Lean Architecture and Value Streams to enhance your understanding of product management principles.
Browse courses on
Value Streams
Show steps
-
Review resources on Scaled Lean Architecture.
-
Explore case studies on Value Streams in different industries.
-
Identify knowledge gaps and research additional materials.
Review the book "The Lean Product Playbook" by Dan Olsen
Show steps
This book provides insights into building and managing product portfolios for maximum value creation, aligning with key concepts covered in this course.
View
The Lean Product Playbook: How to Innovate with...
on Amazon
Show steps
-
Read the book thoroughly and take notes on key concepts.
-
Identify real-world examples of lean product portfolio management.
Participate in online forums and discussions related to product portfolio management
Show steps
Engaging in discussions allows you to connect with peers, exchange ideas, and gain diverse perspectives on the topics covered in the course.
Show steps
-
Join online forums or discussion groups focused on product portfolio management.
-
Participate in discussions, ask questions, and share your own experiences.
-
Follow industry blogs and articles to stay up-to-date on best practices.
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Product Portfolio Management Discussion Group
Show steps
Engage with peers to discuss complex challenges and share knowledge related to Product Portfolio Management.
Browse courses on
Product Portfolio Management
Show steps
-
Join an online or offline discussion group.
-
Present a case study for group discussion.
-
Facilitate a discussion on a specific topic related to Product Portfolio Management.
-
Synthesize insights and lessons learned from group discussions.
Agile Product Portfolio Management Workshop
Show steps
Attend a workshop to gain hands-on experience and learn from experts in Agile Product Portfolio Management.
Browse courses on
Agile
Show steps
-
Identify and register for a relevant workshop.
-
Actively participate in workshop activities and discussions.
-
Network with other professionals and industry leaders.
-
Apply workshop learnings to your own Product Portfolio management practices.
Organize a study group with fellow learners to discuss course concepts and share experiences
Show steps
Engaging with peers in a study group provides opportunities for collaboration, knowledge sharing, and reinforcement of course material.
Browse courses on
Collaborative Learning
Show steps
-
Identify fellow learners interested in forming a study group.
-
Establish regular meeting times and a communication platform.
-
Set clear goals for each study session and assign responsibilities.
-
Facilitate discussions, share resources, and support each other's learning.
-
Consider inviting guest speakers or industry experts to provide additional insights.
Product Portfolio Management Project Plan
Show steps
Develop a comprehensive plan outlining the steps, resources, and timeline for managing a Product Portfolio, reinforcing your understanding of the principles.
Browse courses on
Product Portfolio Management
Show steps
-
Identify the purpose and scope of the Product Portfolio.
-
Define product strategy and goals.
-
Develop a portfolio roadmap and timeline.
-
Create a resource allocation plan.
-
Establish metrics for evaluating progress.
Analyze case studies of successful product portfolios
Show steps
Examining case studies provides practical insights into how the concepts covered in the course are applied in real-world scenarios.
Browse courses on
Case Studies
Show steps
-
Identify and collect case studies of successful product portfolios.
-
Analyze each case study and identify key success factors.
-
Compare and contrast different case studies to draw insights.
-
Discuss findings and implications with peers or mentors.
-
Develop a case study of your own product portfolio and present it to others for feedback.
Product Portfolio Case Study Analysis
Show steps
Analyze a real-world Product Portfolio case study to gain insights into the practical application of Lean principles.
Browse courses on
Product Portfolio Management
Show steps
-
Identify a relevant Product Portfolio case study.
-
Research the company, industry, and market context.
-
Analyze the product portfolio strategy and its alignment with business goals.
-
Evaluate the effectiveness of Lean principles in managing the product portfolio.
-
Summarize findings and recommendations in a written report.
Develop a prototype product portfolio for a specific industry or market
Show steps
Building a prototype allows you to apply the principles of lean product portfolio management and gain hands-on experience in creating a portfolio that meets specific market needs.
Browse courses on
Value Stream Mapping
Show steps
-
Identify a specific industry or market of interest.
-
Conduct market research to understand customer needs and competitive landscape.
-
Develop a concept for a product portfolio that addresses the identified needs.
-
Create a prototype of the product portfolio, including key features and functionalities.
-
Test the prototype with potential users and gather feedback.
Develop a white paper on emerging trends in product portfolio management
Show steps
Creating a white paper will encourage you to delve deeper into the subject matter, research current trends, and synthesize your learnings to produce a valuable resource for others.
Show steps
-
Research current industry trends in product portfolio management.
-
Identify key themes and insights from your research.
-
Develop a thesis statement and outline for your white paper.
-
Write and edit your white paper, ensuring clarity and accuracy.
-
Share your white paper with peers, industry professionals, or potential employers for feedback and insights.
Explore Scaled Lean Architecture and Value Streams
Show steps
Familiarize yourself with advanced concepts in Scaled Lean Architecture and Value Streams to enhance your understanding of product management principles.
Browse courses on
Value Streams
Show steps
Show steps
Show steps
- Review resources on Scaled Lean Architecture.
- Explore case studies on Value Streams in different industries.
- Identify knowledge gaps and research additional materials.
Review the book "The Lean Product Playbook" by Dan Olsen
Show steps
This book provides insights into building and managing product portfolios for maximum value creation, aligning with key concepts covered in this course.
View
The Lean Product Playbook: How to Innovate with...
on Amazon
Show steps
Show steps
Show steps
- Read the book thoroughly and take notes on key concepts.
- Identify real-world examples of lean product portfolio management.
Participate in online forums and discussions related to product portfolio management
Show steps
Engaging in discussions allows you to connect with peers, exchange ideas, and gain diverse perspectives on the topics covered in the course.
Show steps
Show steps
Show steps
- Join online forums or discussion groups focused on product portfolio management.
- Participate in discussions, ask questions, and share your own experiences.
- Follow industry blogs and articles to stay up-to-date on best practices.
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Product Portfolio Management Discussion Group
Show steps
Engage with peers to discuss complex challenges and share knowledge related to Product Portfolio Management.
Browse courses on
Product Portfolio Management
Show steps
Show steps
Show steps
- Join an online or offline discussion group.
- Present a case study for group discussion.
- Facilitate a discussion on a specific topic related to Product Portfolio Management.
- Synthesize insights and lessons learned from group discussions.
Agile Product Portfolio Management Workshop
Show steps
Attend a workshop to gain hands-on experience and learn from experts in Agile Product Portfolio Management.
Browse courses on
Agile
Show steps
Show steps
Show steps
- Identify and register for a relevant workshop.
- Actively participate in workshop activities and discussions.
- Network with other professionals and industry leaders.
- Apply workshop learnings to your own Product Portfolio management practices.
Organize a study group with fellow learners to discuss course concepts and share experiences
Show steps
Engaging with peers in a study group provides opportunities for collaboration, knowledge sharing, and reinforcement of course material.
Browse courses on
Collaborative Learning
Show steps
Show steps
Show steps
- Identify fellow learners interested in forming a study group.
- Establish regular meeting times and a communication platform.
- Set clear goals for each study session and assign responsibilities.
- Facilitate discussions, share resources, and support each other's learning.
- Consider inviting guest speakers or industry experts to provide additional insights.
Product Portfolio Management Project Plan
Show steps
Develop a comprehensive plan outlining the steps, resources, and timeline for managing a Product Portfolio, reinforcing your understanding of the principles.
Browse courses on
Product Portfolio Management
Show steps
Show steps
Show steps
- Identify the purpose and scope of the Product Portfolio.
- Define product strategy and goals.
- Develop a portfolio roadmap and timeline.
- Create a resource allocation plan.
- Establish metrics for evaluating progress.
Analyze case studies of successful product portfolios
Show steps
Examining case studies provides practical insights into how the concepts covered in the course are applied in real-world scenarios.
Browse courses on
Case Studies
Show steps
Show steps
Show steps
- Identify and collect case studies of successful product portfolios.
- Analyze each case study and identify key success factors.
- Compare and contrast different case studies to draw insights.
- Discuss findings and implications with peers or mentors.
- Develop a case study of your own product portfolio and present it to others for feedback.
Product Portfolio Case Study Analysis
Show steps
Analyze a real-world Product Portfolio case study to gain insights into the practical application of Lean principles.
Browse courses on
Product Portfolio Management
Show steps
Show steps
Show steps
- Identify a relevant Product Portfolio case study.
- Research the company, industry, and market context.
- Analyze the product portfolio strategy and its alignment with business goals.
- Evaluate the effectiveness of Lean principles in managing the product portfolio.
- Summarize findings and recommendations in a written report.
Develop a prototype product portfolio for a specific industry or market
Show steps
Building a prototype allows you to apply the principles of lean product portfolio management and gain hands-on experience in creating a portfolio that meets specific market needs.
Browse courses on
Value Stream Mapping
Show steps
Show steps
Show steps
- Identify a specific industry or market of interest.
- Conduct market research to understand customer needs and competitive landscape.
- Develop a concept for a product portfolio that addresses the identified needs.
- Create a prototype of the product portfolio, including key features and functionalities.
- Test the prototype with potential users and gather feedback.
Develop a white paper on emerging trends in product portfolio management
Show steps
Creating a white paper will encourage you to delve deeper into the subject matter, research current trends, and synthesize your learnings to produce a valuable resource for others.
Show steps
Show steps
Show steps
- Research current industry trends in product portfolio management.
- Identify key themes and insights from your research.
- Develop a thesis statement and outline for your white paper.
- Write and edit your white paper, ensuring clarity and accuracy.
- Share your white paper with peers, industry professionals, or potential employers for feedback and insights.
Career center
Learners who complete Lean Product Portfolios: Beyond Value Stream Mapping will develop knowledge and skills
that may be useful to these careers:
UX Researcher
UX Researcher
A UX Researcher is responsible for gathering and analyzing qualitative and quantitative data in order to understand user needs and to drive design decisions, behaviors, and experiences. This course can help establish a framework and core principles that UX Researchers use every day. Principles of Human-Centered Design make up some of the foundational elements of UX Research.
Product Owner
Product Owner
A Product Owner is responsible for defining the vision and roadmap for a product and for managing the product backlog. This course provides a deep-dive into product management, providing principles for building product portfolios and managing product lifecycles. These skills are necessary for Product Owners.
Technical Product Manager
Technical Product Manager
A Technical Product Manager is responsible for managing the technical aspects of a product and for working with engineering teams to develop and deliver it. This course provides a foundation for Technical Product Managers by teaching the principles of building and managing product portfolios and understanding the technical aspects of product lifecycle management.
Enterprise Architect
Enterprise Architect
An Enterprise Architect is responsible for designing, planning, and implementing the IT infrastructure of an organization. This course provides a foundation for this role by teaching the principles of aligning the needs of the customer to business operations to the IT systems that power them.
Scrum Master
Scrum Master
A Scrum Master is responsible for overseeing the project, organizing team members, and removing roadblocks that hinder progress, facilitating the use of Agile processes and tools. This course provides the foundational elements of scaling products and managing a product portfolio. The teachings of this course can help Scrum Masters lead their teams through Agile processes using Lean principles.
Information Architect
Information Architect
An Information Architect is responsible for designing and organizing the structure and content of a website or application to make it easy for users to find and use. This course provides skills that are essential in understanding how to create a great user experience. It covers topics such as understanding User Experience Research, Design, and Human-Centered Design.
Business Analyst
Business Analyst
A Business Analyst is responsible for analyzing an organization or business domain to determine how to improve its efficiency and effectiveness, and to support business decision-making. This course offers skills in understanding the value of a product, managing product portfolios, and creating a roadmap for product development. These are essential skills for a Business Analyst.
Product Manager
Product Manager
A Product Manager collaborates with many stakeholders to create and market a product. This course may be especially helpful early in a Product Manager's career. It can help build a foundation for the key principles Product Managers use to manage a product. Early career professionals will learn principles for building effective product portfolios.
User Experience Designer
User Experience Designer
A User Experience Designer is responsible for designing and evaluating the user experience of a product or service. This course may be useful in providing foundational principles of Human-Centered Design.
Data Analyst
Data Analyst
A Data Analyst is responsible for collecting, analyzing, and interpreting data to identify trends and patterns and to provide insights to support decision-making. This course may be useful in teaching foundational principles of managing and organizing data to be used for analysis, building a foundation for future work in data analysis.
Product Marketing Manager
Product Marketing Manager
A Product Marketing Manager is responsible for creating and executing marketing campaigns for a product and for managing the product's brand and messaging. This course may be useful in providing foundational principles of marketing a product to maximize its value.
Data Scientist
Data Scientist
A Data Scientist is responsible for using data to build models and solve problems. This course may be useful in providing foundational principles of data analysis and understanding the technical aspects of product lifecycle management.
Software Development Manager
Software Development Manager
A Software Development Manager is responsible for leading and managing a team of software developers. This course may be useful in providing foundational principles of managing a product portfolio, as well as understanding the technical aspects of product lifecycle management.
Quality Assurance Analyst
Quality Assurance Analyst
A Quality Assurance Analyst is responsible for testing and evaluating software products to ensure that they meet quality standards. This course may be useful in providing foundational principles of product management and understanding the technical aspects of product lifecycle management.
Information Systems Manager
Information Systems Manager
An Information Systems Manager is responsible for planning, implementing, and managing the information systems of an organization. This course may be useful in providing foundational principles of enterprise architecture and understanding the technical aspects of product lifecycle management.
For more career information including salaries, visit:
OpenCourser.com/course/3hr8mu/lean
Reading list
We've selected ten books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Lean Product Portfolios: Beyond Value Stream Mapping.
Provides a comprehensive overview of product management for complex products, including its challenges and best practices. It valuable resource for anyone looking to improve their product management skills.
Provides a comprehensive overview of the innovator's dilemma, a challenge that many companies face when they try to innovate. It valuable resource for anyone looking to improve their innovation skills.
Provides a set of habits for personal and professional success. It valuable resource for anyone looking to improve their life and work.
Provides a comprehensive overview of product management, including its roles, responsibilities, and best practices. It valuable resource for anyone looking to improve their product management skills.
Provides a comprehensive overview of lean product development principles and practices. It valuable resource for anyone looking to improve their product development process.
Provides a comprehensive overview of the lean startup methodology, a powerful approach to building successful startups. It valuable resource for anyone looking to improve their entrepreneurial skills.
Provides a candid look at the challenges of building a successful business. It valuable resource for anyone looking to improve their entrepreneurial skills.
Save
Fictional story about a team of IT professionals who must work together to solve a major problem. It valuable resource for anyone looking to improve their IT skills.
Save
Provides a set of principles for personal and professional success. It valuable resource for anyone looking to improve their life and work.
Save
Provides a comprehensive overview of product design, including its principles, methods, and tools. It valuable resource for anyone looking to improve their product design skills.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/3hr8mu/lean
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Effort
2 to 3 hours per week for 4 weeks
Level
Intermediate
Via
edX
Institutions
University System of Maryland
The University of Maryland, College Park
Instructor
Tushar Rathod
Language
English
Transcript
English
Good to know
Teaches foundational elements of scaling products
Explores the concepts key to maximizing portfolio value
Utilizes techniques and case studies in healthcare and finance industries for practical understanding
Provides hands-on approach to product lifecycle management
Develops skills and knowledge immediately useful in real-world product management
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