Ever since I did the research on tools for product managers, I've been diddling with an ROI calculator for improved product requirements, which can come from two sources: (1) hiring another product manager; and (2) implementing a specialized requirements tool.
Here's the final product. Really, this is a way of demonstrating the value of product management. Product managers and PM tools are just the tangible manifestations of that business function.
Saeed asks a great question: Why not have Development report to Product Management? PM is supposed to own the business argument for what Development is doing. Why not, therefore, make the development team formally accountable to the people who are supposed to give thumbs up or thumbs down to what the developers are doing?
Saeed is asking about the pros and cons of that arrangement, but undoubtedly he's urging us to question the unquestioned assumptions about technology companies. Provocative language like this has an old vintage. For example, a couple of centuries ago, the Enlightenment thinker Denis Diderot, trying to get shake up his readers' attitudes about the divine right of kings, said, "The arbitrary rule of a just and enlightened prince is always bad." Zing!
I urge you to read the comments section of Saeed's post. Here, I'll add a few thoughts of my own: