Reviewing Internal Product Funding
Reviewing Internal Product funding involves assessing and adjusting the financial support provided to Internal Product teams based on their performance, strategic alignment, and the broader ecosystem strategy.
Goal
The goal is to ensure optimal allocation of resources to Internal Product teams ensuring that the budget allocated is proportional compared to the strategic importance within the ecosystem.
Context
Internal Product teams need time to become self-sufficent. It takes time to do the research, build the product, and get it to the Stream Teams. The funding review process is a way to ensure that the team is on track to become self-sufficient, or whether they need more time and resources to get there.
Inputs
| Artifact | Description |
|---|---|
| Internal Product Usage | Historical data on the team’s outputs, outcomes, and efficiency. |
| Internal Product Revenue | The revenue generated by the internal product team, which can be used to justify funding levels and strategic importance. |
Outputs
| Artifact | Description | Benefits |
|---|---|---|
| Updated Internal Product Budget | Revised budget plans reflecting the new funding levels. | Aligns financial resources with current and future strategic goals. |
Anti-patterns
- Set-it-and-forget-it: Neglecting regular reviews and adjustments, leading to stale funding models.
- Over-reliance on Quantitative Metrics: Focusing solely on numbers without considering qualitative impacts and team morale.
- Politicised Funding Decisions: Allowing internal politics to influence funding decisions, which can undermine strategic alignment.