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The Product Owner is responsible for maximizing the value of the product resulting from work of the Development Team.
Within the Scrum framework, the role of the Product Owner is the lynchpin of success and it requires much more than just knowledge of how to write User Stories or manage a Product Backlog.
Henrik Kniberg from Crisp created an excellent and nicely animated 15-minute video about Agile software development from the perspective of the Product Owner.
The most important job for a Product Owner is to decide what NOT to build, and take the consequences of that decision.
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