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This is the Engineering Culture Podcast, from the people behind InfoQ.com and the QCon conferences.\n\nIn this podcast, Shane Hastie, InfoQ Lead Editor for Culture & Methods, talks to Kent McDonald, Steve Adolph and Ryland Leyton about the state of business analysis and product management in agile product development. They were participants in a weekend workshop where the Agile Alliance and the International Institute of Business Analysis were collaborating to produce a revised version of the Agile Extension to the Business Analysis Body of Knowledge.\n\nWhy listen to this podcast:\n\n- Analysis skills are necessary for successful product development\n- We don\u2019t question and challenge the rationale and strategic alignment of projects enough, which results in lots of waste from doing the wrong projects or building the wrong features in a project\n- The best return on investment that you can get is to stop wasting your money\n- Value is hard to define but crucial to identify; the definition of value will be different in every context\n- Agile methods provide for learning and rapid feedback, which enables us to optimize value and ensure strategic alignment in product development\n- User stories are conversation placeholders, not orders to be fulfilled\n\nNotes and links can be found on InfoQ: bit.ly/2e32o5X\n\n- 6m 20s Analysis skills reside in many different roles and doing analysis in agile development is far less prescriptive that has been the case.\n\n- 6m 44s You need to have a very comprehensive toolkit and have the ability to relate the tool needed to the context of the work being done.\n\n- 9m 13s Advanced organisations are changing when they utilise analysis skills to determine which initiatives should be worked on and how they align with organisation strategy; being able to review these decisions even after an initiative has started, stopping development work when it is no longer valuable.\n\nMore on this:\n\nQuick scan our curated show notes on InfoQ. bit.ly/2e32o5X\n\nYou can also subscribe to the InfoQ newsletter to receive weekly updates on the hottest topics from professional software development. bit.ly/2cMnjfW