Needless to say, the audited balance sheet is the best Metric for Outcomes.
The second best option can be the Metric that represents "Value shipped" per Week/per Month/per Quarter or whatever.
The effort is (mainly) an educated guess by the Engineers, and the Value is (mainly) an educated guess by the Product Owner.
Both are educated guesses.
A metric related to Value_added_to_Product is worth tracking.
When a team thinks about the Value of a piece of work, they can start thinking about the RoI of their work. And in turn, it leads to prioritizing their work based on RoI.
A team can not do that unless it is an outward-focused team.
It is also of utmost importance to use Voice-of-Customer as a metric, which helps the team to validate the ‘Educated Guess’ made by the PO about the Value.
Interviewing
users is extremely useful to understand Usage Experience, Ease of Use, etc.
But a well-designed
product with good Instrumentation Code built into the product itself delivers tons of Usage Data to the Product Managers & Dev Team w/o asking a single question to the end users.
This is a very powerful way to gather invaluable & unbiased usage data.
A well-designed product also (often) means that it is built with Feature Toggle capability. That would help the team to do A/B Testing quickly and gather VoC Feedback accurately.
Metrics that indicate Value and VoC, nudge the team to be more & more outward-focused. And a team can not be "a"gile unless being outward focused.
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