SILICON VALLEY, Calif. and PHOENIX, Oct. 5, 2016 /PRNewswire/-- Accelerance, which connects SMBs that need software development services with the most qualified outsourcing firms on the planet, is the sponsor of a new report – The Study of Product Team Performance 2016. The research, produced and co-presented by Actuation Consulting, dives into the product development mechanics that high-performing organizations embrace. It also looks at how to improve the effectiveness of a product team, methodologies for increasing a product's profitability, and the success of outsourced/distributed teams, among other topics. The free report is available at accelerance.com/2016study. Actuation Consulting is the leading global provider of product management consulting, training and advisory services.
The Study of Product Team Performance 2016, which identifies key factors that contribute to the success of product teams, shows strong correlations with high performance when organizations effectively prioritize their backlog, have a clear definition of "done" within the team, and don't over emphasize development costs when prioritizing requirements, in addition to other critical performance indicators.
More than half (52.1 percent) of the survey respondents work for companies with technology as their primary focus. Other segments include: services (24.1 percent), consumer products (9.7 percent), education (5.1 percent) and government (1.6 percent).
A Few Highlights from the Report
- Three potential solutions stand out amongst respondents' answers on how to improve a product team's effectiveness: 1) bring on highly-skilled engineering staff (40.2 percent), 2) improve cross-department communication (45.3 percent) and 3) provide training (34.6 percent). The answer the lowest percentage of respondents see as a solution is increasing the number of project managers or scrum masters (11 percent).
- While 43 percent of survey respondents indicate their product team consistently succeeds in meeting company expectations, the survey shows 57 percent of respondents say their product teams experience some difficulty in consistently meeting organizational expectations.
- A total of 52.1 percent of respondents name Agile/Scrum as the methodology most often associated with increasing their product's profitability. Blended (some Waterfall, some Agile) is a distant second-most frequently given answer with 22.4 percent of responses. While Waterfall (3.5 percent) and Kanban (2.8 percent) fall short, a significant 15.7 percent of respondents say they are unclear which methodology is associated with growing their product's productivity.
- Almost 60 percent of respondents say their companies work through distributed teams outside their country. Of these, 11.9 percent report that distributed teams are more effective (10.3 percent) or significantly more effective (1.6 percent) than domestic development teams.
- Nearly 20 percent of survey respondents believe product development teams outside the country perform as well as in-country teams.
The study's overall findings can be applied to offshore software outsourcing, which is a growing trend as an effective means of product development with one or more of the expert software outsourcing firms around the world. Download the study at accelerance.com/2016study.
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SOURCE Accelerance, Inc.