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Full Glossary

Role

Product Owner (PO)
The person accountable for maximizing the value the team delivers by owning and ordering the backlog and representing the customer and business.
Value Maximizer
The PO ensures the team always works on the highest-value items relative to effort and risk.
Voice of the Customer
The PO represents customer and stakeholder needs to the team, translating them into clear priorities and requirements.
PO Availability
An engaged, available PO who answers questions and makes timely decisions is essential; an absentee PO is a common cause of failure.
PO vs. Product Manager
The PO focuses on the team and backlog (stories, acceptance); product management focuses on market, vision, and roadmap at a broader level.

Backlog

Product Backlog
The single, ordered list of everything that might be needed, owned and continuously refined by the PO.
Backlog Ordering
Sequencing items by value, risk, dependencies, and cost of delay so the team pulls the best next item.
Backlog Refinement
The ongoing work of clarifying, estimating, and splitting items so the top of the backlog is ready.
Definition of Ready
Criteria an item must meet before the team commits to it, ensuring shared understanding.
Enablers
Backlog items for technical, architectural, or knowledge work that support future value delivery.

Stories

User Story
A short, user-focused description of functionality: 'As a <role>, I want <goal> so that <benefit>.'
The 3 Cs
Card, Conversation, Confirmation — the written story, the discussion that clarifies it, and the acceptance criteria.
INVEST
Well-formed stories are Independent, Negotiable, Valuable, Estimable, Small, and Testable.
Acceptance Criteria
Conditions a story must satisfy to be accepted; they guide development, testing, and the PO's acceptance.
Story Splitting
Breaking large stories into smaller, valuable, testable slices that fit in an iteration.
Story Acceptance
The PO verifies completed work meets acceptance criteria and the Definition of Done before it counts as done.

Collaboration

Working with the Team
The PO collaborates daily — clarifying, prioritizing, and accepting work — rather than handing off requirements and disappearing.
Stakeholder Management
Engaging stakeholders to gather needs, set expectations, and align on priorities and trade-offs.
Saying No
Protecting focus and value by declining or deferring lower-value requests rather than overloading the backlog.
Sprint/Iteration Planning
The PO presents priorities and clarifies items so the team can commit to a valuable, achievable plan.

Value

Business Value
The measure by which the PO prioritizes — based on ROI, customer impact, risk reduction, and strategic fit.
Benefit Hypothesis
A statement of the expected outcome of an item, framing work as something to validate.
MVP and Incremental Value
Delivering the smallest valuable slice first and building on it, rather than waiting for everything.
Measuring Outcomes
Using feedback and metrics to confirm delivered work achieved the intended value.

Events

Iteration Review
Where the PO and team demonstrate the increment and gather feedback to steer the backlog.
Retrospective Participation
The PO joins retrospectives to help improve collaboration and the flow of value.
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