Who Wants to Be a Millionaire?

Grzegorz Słota

Project Manager

Whoever asks won’t be misled

 

 

Problem (UNDERSTANDING/COMMON LANGUAGE).


Here we move a bit further than I’ve described in:

Start-up idea - Project description - Venture’s start

How do you move from the idea to the project once you have all parameters such as cost, time and surely, the scope? On one hand, we have ideas, chaos, enthusiasm, thoughts, and brainstorming; on the other hand, countable parameters that make our vision realistic and doable. How can we reach the other side?

 

 

IDEA.

 

What is the guideline? Starting from simple questions and mapping them on the dedicated project field, we find what is really important in a certain order, beginning with the problem, by the objectives to the solution; and crucially, we’ll still be operating within the project context.

 

All Projects are different, with attributes such as “unique” and “unrepeatable;” some of them require thorough research starting from the inventor. Once we have the earliest phase of the project and the idea is fresh, we should then start from the bottom of the questions list. The whole project is just starting and can follow a path that we might not have even expected. Therefore, the technical solution can be completely different than we imagined in the beginning, or our target groups’ order can be totally rearranged. Examples can be found everywhere such as Web or Mobile, subscriptions or a one-time fee, or even customers or vendors first .. Obviously we can also get stuck or figure out that it can’t be done, but it is always better to find this knowledge while gaining our million rather than spending it :)

 

On the the other hand, other projects are partially defined or restricted somehow from what may be provided through context or earlier studies. If our problems and ideas align to the FinTech industry, such as payment gateways, we wouldn’t consider the cash register as a product solution. In such cases, we can only choose those questions which can enrich our project definition. Sometimes it may happen that while building the products, we may forget about the business aspects, as dissemination of services, outcomes, knowledge and deliverables understood as a promotion, and users acquisition. While answering our questions it can be stated that such a dissemination is not the next step after implementation, but a very important part of the main process performed within the project.

 

People are also different. Just as it’s not likely to find the same two DNA codes, people may require a different approach in communication, such as graphs, boards with fields to fill, animations and plays. If so, let’s convert our questions into canvas using one of the available templates from Lean or Business.

Others which require a more concrete or introverted approach may just wish to use a simple, flat list sent via email.  

The advantage is that we still have a simple table with questions where you can mark those topics  which should be asked at a particular stage and sent to the client.

 

While going through our questions we should always prioritize the answers which will be helpful during the project aims definition or that further divides our scope into phases (e.g. POC or MVP). Priorities depend on the types of questions we can have; for example the three level scale: High, Medium, Low or Must be, Should be, Nice to Have or Crucial, Important, Optional etc.


So, who wants to be a millionaire? They have to answer 15 questions to turn the idea into a doable venture.

 

Chart 1

Questionnaire table:

 

  Activity (NEW) Project knowledge What will we learn?
1. What's your story?
Who are you?
What's your idea?
Where/when/how have you invented this venture?
What was your breakthrough?
Project context To deeply understand the project we have to know all its aspects
2. What were you facing?
What obstacles did you face?
What was the problem?
Why couldn't it be resolved?
What did you do for a workaround?
Project chain - towards aims Define the problem
What the real objectives of the project are
What our app/solution/product has to do in terms of solving the stated problem..
3. What are your needs and what do you require?
What are your needs to resolve problems?
What do you require to reach the proper level of resolution?
Project aims What the aims are
What the aims of the project are
4. What is the challenge?
What do your competitors do?
What're your advantages?
Context and Commercialization To deeply understand the project we have to know all its aspects
Where the money is and how the competitors earn it.
5. What are the user stories?
What are the main activities which should be covered to meet their needs?
What are important activities which should be covered to meet their needs?
What are activities that are nIce to have which should be covered to meet their needs?
Project scope List of project tasks with priority and dependances
List of functions and features
List of acceptance criteria
6. How is success defined - acceptance criteria?
What must be gained in order to state the stories are DONE ?
Project scope Knowing when the user interaction is finished
7. Who are your customers?
B2B - what are the ways of earning?
B2C - what are the ways of earning?
What do your users use (technology, industry, sport, eating etc)?
Age? Job? Sex? Interests?
How do you deliver your solution?
How do you deliver the knowledge of your solutions?
Commercialization
Business development
Target groups
Market sectors
The correct channels for products and for information
The most efficient solution
8. Why do they pay for your solution?
What's your unique value?
What's your core value?
What are your advantages?
How's the breakthrough for them?
How much are they going to pay?
Commercialization
Business development
Underlining its advantages
What should be strengthened
Price calculation
9. What are you dependent on?
Are there any source/integration/people/things which are limiting you?
Do you have any key partners or suppliers?
Commercialization
Business development
Costs calculation Business risks detection
10. Can we adjust our stories in logic chains of repeatable steps/user flow?
How may the users interact with the solution - where are the priorities?
Project wireframing
Project scope
UX and UI approaches
Clickable prototype of the app
11. Where are your limits?
Timetable?
Costs?
Quality?
Risks?
Scope?
Project parameters What the estimated cost of the app is and when it can be delivered
Timetable
Costs
Quality
Risks
Scope
12. Do we have a timeline? Let's plan your project
Phases?
Implementation?
Launch?
Delivery?
Maintenance and Development ?
High level project plan What can be done as MVP, Post MVP, Full version
What is needed for launch
When the launch is needed
How we can facilitate the process (marketing, SEO)
What is needed for an average day
13. What are your inspirations - what should it look like?
Mobile app/we pages
Colours
Fonts
Buttons
Animations
UI identification - Key Visual UI design - inspirations
Moods
14. Have you considered the technical solution?
Web
Mob app
Other
Do you know any technical limits?
Project parameters Timetable
Costs
Quality
Risks
Scope
15. Do you know any limits from functional or technical points of view?
Religion
Infrastructure
Project parameters Risks
Scope

 

 

SUMMARY:

 

The simple questionnaire can be effortlessly converted into a Lean Startup Canvas or Business Canvas, or it can be simply supported by those techniques.

The Questionnaire can be easily adapted to a particular venture by choosing to adjust questions following the scale of the idea.  

The objective and the art’s purpose is to ask proper questions, driving the answers to particular project areas. There are only 15 blocks of questions - whoever asks won’t be misled.

 

 

Easter egg ;)