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Riku asks, "Why would early stage startups need to live by the process benefits that agility brings forth?"

 

Riku, name changed, is a CEO of an early stage startup founded about a year a go . As an undergrad student of political science , he  didn't  participate  nor completed or learnt about technology  projects before-even at college level. He found himself awake in the reality of  being a CEO of a project which he initiated  with his friends. He doesn’t know what an agile is and before setting on a journey to explore on that Riku asks, ” Do I need to know and then live by agile?”. Unabridged, comes from a message delivered to the Facebook page of Entrepreneurs in Finland which if you haven't given your thumbs up yet is   https://www.facebook.com/entrepreneursinfinland/

Dear Riku, you are always welcome to pose a question here. We all don't have the absolute skills required to start a business. That's why we need to help each-other as a community.

 

Dear Riku, as you are a new comer to the technology  industry, you may not have  the grasp of the big picture. Things are changing very perpetually. Disruptive technologies are hampering the product development life cycle of SME’s as well as giant corporations. The business landscape is dynamic, competitive and exhibit very varying industry specific standards, ethics and level playing fields. Product life cycle is decreasing. Nevertheless, customers pace of requirement might alter on the spur of the moment. This and many other intertwined challenges  that are common in the industry  have  got not just only early stage startups but well established, giant and renown corporations in to a  constant need for hiring the right product/project manager who understand and exhibit the big picture. Early stage startups often don’t have the money to hire Mr /Mrs Big picture. Consequently, not just CEO's but  founder’s knowledge and application of agility would play out as an important factor in leading  any startup project as well as support investors decision when analyzing teams.   

So, why would early stage startups  need to live by the optimum process benefit that agility brings forth?

 There are ample points with regard to the benefit of agile project management.  I’m not trying to short list only the best I presume . I’ve just only fast written down what popped in to my mind this morning.

 

  1. Startups are in the highest level of internal as well as external uncertainty. Internal uncertainties are those that can be controlled by the PM such as scope, schedule and cost while external uncertainties are those that can’t be controlled or mitigated by the PM such as industry specific laws , markets and etc.
  2. Seldom do startups fulfill the unique expertise needed for a specific project. An agile team exhibit a culture of redirecting and assigning an already existing resources and skills as per a real time need encountered.
  3. Startups don’t have an already existing mature product lines or business practices from which a new project can be shaped. Often, startups have one flagship product or services the management of which will determine not just the project but the existence of the company.
  4. While all the primary roles in the project should be filled in with the right skill, startups may not have adequate resources to do so. Many at times, Startups rely on multiple secondary roles assigned to two or more cross functional cohesive team members. In startups, secondary as well as tertiary roles are important as it would affect and influence the operation and strategy of the startup respectively.
  5. Social or political projects are waterfall in nature. Startups don't have enough resources to waste on planing alone. In other words, a startup  can't bite off more than it can chew. Subsequently, test as you develop and refine as you iterate is a resource effective strategy   customary  in Agile project management.
  6. In startups, it's a must that you produce something. With that something that you have developed, you can further enhance based on the consumer, investor and coach analysis you have made. Remember that  starting up is always about starting something and deliver iteratively. The deadlines in maydays, sprints, milestones or whatsoever  are key measures of what you have delivered and improved.
  7. Projects may need to be terminated for uncontrolled but foreseeable reasons. Funding might dry up. Offices may be moved. Startups are so vulnerable to change that potential effects of change should be mitigated with a very holistic contingency plans. Founder or CEO who sees to the day today activities of  his/her teams won't have difficulty when making spontaneous decisions.
  8. The best menu that you have on Agile PM is Scrum where team members would  meet up to impart about  their progress and challenges in the project. Apart from cohesion, Scrum helps  all issues put out on the table for open discussion and resolution. 
  9. Startups are always looking for investors. One of the key attributes that investors would check and balance is agility of teams. Many at times, investors are well acquainted ; have had or still have  other projects, startups and business in which team and process agility are of a paramount importance. As a result, if you can't sell your team as an agile then never follow up a positive pitch feedback with an investor unless the investor is solely after your idea.

 

Agile has a lot to offer not just only to early stage startups  but also to giant corporations. 

Dear Riku, mentioned above are just only a few. There are lots of reasons as to why  agility is imperative for startups as well as prominent corporations comprising of different units. I suggest you take a course or two on project management  at the university while at the same time rigorously reading on Agile Project Management  which is very different from classical project management. This shall liberate you from learning by doing lots of mistakes which  can't be afforded in startups. Now that i'm moved by your questions, I will get back with similar topics for wider readership later. Hang in there Riku! 

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Mikael Argaw is the humble founder of  http://www.entrepreneursinfinland.net. He has a background in IT as well as PM . Integrating with his ongoing further studies, initiatives, projects and as a hobby, Michael enjoys reading  on technology, PM, Business Intelligence, Entrepreneurship, Education, Business development, and current issues. Michael is available for independent consultation - argawmichael@gmail.com

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 "Striving to stir positive ideas on the meeting table, blogs and groups. "

 

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