Individuals and teams often struggle with interpretation of how to balance what the product owner is asking for vs. leadership expectations. The truth is, both of these are indeed different. Leadership wants to deal with risk management and have the ability to forecast. What they really care about the most is:
What am I going to get?
When am I going to get it?
How much is it going to cost?
These three questions should easily be answered by a strong product owner.
