Using MVPs to Budget
Budgeting in an Agile world is difficult. We request money upfront but don’t know what the project contents will be or how it will turn out. This makes it hard for both internal budgeting processes and firms to quote prices. Throughput accounting is a great solution, but not every organization is ready to make that switch. But there is a way to start the transition from big batch, cost-based funding to more value-stream-based funding—using MVPs to budget. In this episode, we're giving you an inside look into how some of our clients have taken this different approach to project budgeting that keeps one foot in the “traditional accounting world” while the other is in the “incremental delivery of value” world.