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Lean with Options

Lean software development takes concepts from Toyota's Lean Manufacturing system and applies them to software.

In this InfoQ article, you will learn how Real Options can be used with Lean.

Real Options strategic thinking helps you to defer commitments to the last responsible moment.  Here are some ways to frame problems as options:

  • Option to Wait
  • Option to Learn
  • Option to Switch

At one time I heard Real Options described as a competitive advantage:  "It's like playing a game of ice hockey and your team is wearing skates while the other guys are wearing tennis shoes."

March 11, 2011 in Product Management |

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