SummaryIn this episode, Denise discusses the concept of product operations and its role in helping product managers make faster and better quality decisions. Product operations involves providing PMs with the necessary inputs and support to set strategy, prioritize, create roadmaps, and collaborate effectively with stakeholders. It differs from traditional agile approaches by focusing on the system around teams rather than just the teams themselves. Denise also highlights the importance of defining the product and understanding the problem to be solved. She emphasizes the need for buy-in from leadership and the importance of clear communication and stakeholder management in implementing product operations. In this part of the conversation, Denise discusses the challenges of stakeholder discussions and balancing strategic decisions with short-term opportunities. She also talks about the relationship between strategy and incentives in a product organization. The conversation then shifts to the topic of Denise's book on product operations and why she decided to write it. She emphasizes the importance of understanding what product operations is and how it can be implemented in different areas of a company. The chapter ends with a discussion on scaling challenges and the role of go-to-market alignment and data in product operations. In this conversation, Yuval and Jim discuss various topics related to agile portfolio management and OKRs. They explore the challenges and benefits of implementing agile practices in traditional project management offices (PMOs) and the importance of aligning goals and strategies at different levels of the organization. They also delve into the use of OKRs as a tool for setting and measuring goals, emphasizing the need for outcome-oriented goals and collaboration in their development. Throughout the conversation, they highlight the importance of continuous improvement and adaptability in managing portfolios and achieving organizational success.TakeawaysProduct operations helps PMs make faster and better quality decisions by providing the necessary inputs and support.Product operations focuses on the system around teams, rather than just the teams themselves, setting it apart from traditional agile approaches.Defining the product and understanding the problem to be solved are crucial for effective product operations.Buy-in from leadership is essential for implementing product operations.Clear communication and stakeholder management are key to successful product operations. Balancing stakeholder discussions and strategic decisions can be challenging, especially when short-term opportunities arise.The relationship between strategy and incentives in a product organization is complex and can lead to conflicting goals.Product operations is a key function in a company and understanding its role and potential is crucial.Implementing product operations requires considering areas of deficit and opportunity within the organization.Scaling challenges often involve go-to-market alignment and data accessibility.Denise's book on product operations provides actionable tips and real-life experiences to help companies navigate these challenges. Agile practices can be challenging to implement in traditional PMOs, but they offer benefits such as increased alignment and adaptability.OKRs are a useful tool for setting and measuring goals, but they should be outcome-oriented and developed collaboratively with the people doing the work.Continuous improvement and adaptability are key to managing portfolios effectively and achieving organizational success.The number of goals and metrics should be minimized to focus on what is truly important and avoid overwhelming the organization.Experimentation and learning are crucial for driving innovation and differentiation in portfolio management.Hosted by Ausha. See ausha.co/privacy-policy for more information.