Challenges of Product Owner

Abstract: Key Challenges of a Product Owner:

* Business Challenges:
1. Availability of key business stakeholders
▪ Getting availability from key business stakeholders to get clarity on the product requirements
▪ Bridging the gap between the customer expectations and product functionality
▪ Understanding the product ecosystem and the software catalogue
▪ Maximizing the value of work delivered by preventing gold plating

2. Keeping abreast of the market
▪ Understanding the different competitors in market
▪ Knowing the regulations/compliances applicable by different governments
▪ Technology knowhow driving the product in market
▪ Ensuring the product gets the right visibility

* Delivery Challenges:
1. Clearly expressing product backlog and ensuring the agile team understands
2. Defining Sprint goals and supporting the agile team with the right level of knowledge
3. Engaging development and architecture teams for high performance
4. Ensuring the sanity of the core product and reducing technical debt
5. Managing business expectations on availability of features
6. Liasse between Agile Team, Architecture, DevOps, ISVs (Third Party Vendors)

Key Takeaways:
* Managing Business expectations
* Clear vision of the product.
* Effective leadership to Agile Team