This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Goals in ProductManagement. As I explain in my book How to Lead in ProductManagement , setting the right goals is crucial to align stakeholders and development teams and to achieve product success. Does this mean that there is a natural fit between goals in productmanagement and OKRs?
A Brief Guide to this Article. This article assumes that you are familiar with the productvision board or the key elements of a product strategy : market, value proposition, standout features, and business goals. Vision Captures Product Idea or Business Objective.
Listen to this article: [link]. An inspiring vision creates a meaningful purpose for everyone involved in making the product a success including the stakeholders and development team members. If the vision resonates with you, then this will help you do a great job, especially when the going gets tough.
Building a successful product requires more than just a great idea, it demands a clear vision, strategic planning, and technical expertise. A technical productmanager plays a key role in ensuring that products are not only innovative but also built with the right technology to meet business goals. Read More.
What a ProductManager does and how they do it seems like a perennial question, an ongoing discussion, often ending in debate. This changes depending on factors such as the size and culture of the company, the industry or sector, the business model, where the product is in its lifecycle, and the type of product.
In a world where Productmanagers or Product owners have their hands full, organizations are discovering that a Business Analyst (BA) is the perfectpartner. Kent McDonald has summarized the models in this article. BAs and POs are not arch-enemies, like Deadpool and Wolverine, but they dont work together often.
Listen to the audio version of this article: [link] Introduction To discuss empowerment in productmanagement, I find it helpful to distinguish three main levels of decision-making authority, product delivery, product discovery, and product strategy, as the model in Figure 1 shows. [1]
Listen to this article: [link]. For example, a product strategy workshop might have the objective to identify the key changes required to achieve product-market fit. Contrast this with a sprint review meeting , which might help you determine if users can easily sign up for the product. 1 Set an Objective. Stay present.
Before the advent of agile frameworks like Scrum , a product person—the productmanager—would typically carry out the market research, compile a market requirements specification, create a business case, put together product roadmap, write a requirements specification, and then hand it off to a project manager.
Regularly assess how your product is doing and how effective your current product strategy is, for example, by holding collaborative strategy reviews, as I describe in more details in the article “ Establishing an Effective Product Strategy Process ”. With Other Product People. Share the Work. Prioritise.
Listen to the audio version of this article: [link] Option 1: The Vision Captures Strategic Decisions Your first option is to view the productvision as a statement that captures strategic decisions like the product’s users and customers, its value proposition, and its standout features.
Organise Around Products. In order to grow your productmanagement team, start by reviewing your product portfolio. If that’s the case for one of your products, consider adding more product people who take on specialised roles like feature owner (a.k.a. Develop Shared Standards.
Organise Around Products. In order to grow your productmanagement team, start by reviewing your product portfolio. If that’s the case for one of your products, consider adding more product people who take on specialised roles like feature owner (a.k.a. Develop Shared Standards.
When it comes to productmanagement, we tend to hear a lot more about things like road mapping, requirements gathering, and wireframing because the mechanics of the job are easier to explain. What are Metrics For ProductManagement? A metric is simply something that helps you measure some aspect of your product.
A 1987 article by Harvard Business Review suggested that most of the bold claims about AI would probably never happen. Every organization and team aspires to work faster and smarter toward a shared vision together. A growing number of project management tools are able to achieve these goals through the use of AI technology.
A reading list for BAs in product teams Many business analysis professionals work in a product setting. Whether you’re collaborating with, or acting as, a product owner, there are productmanagement approaches that are useful for conducting business analysis. Do you know any book that could be part of this list?
To do a great job as a productmanager or product owner, you require two skills sets: product-specific and generic ones. As the name suggests, product-specific capabilities are limited to a single product or product portfolio. These skills are not specific to an individual product, but transferable.
Listen to this article: [link]. Goals in ProductManagement. As I explain in my book How to Lead in ProductManagement , setting the right goals is crucial to align stakeholders and development teams and to achieve product success. Figure 2: A Chain of Product-related Goals. OKRs in a Nutshell.
In this article, I would like to share some ideas and try to give answers to those questions. When you start building a new product, it is important to be aware of the desired goal. As a result, the team’s productvision is to provide fast and personalized lending process for users, based on automated decision making.
As a consequence, different people have suggested different ways to apply the product goal. Some view it as the productvision , others equate it to the product’s value proposition. Figure 1: The Product Goal in Context. In other words, the goals are connected and form a cascading set of product-related goals.
Listen to the audio version of this article: [link] The Head of Product Role in a Nutshell A head of productmanages a group of product people —individuals who look after one or more products and who may be called productmanagers or product owners.
Time management simplified Photo by Aron Visuals on Unsplash So far For those of you who have read my articles here so far, I have written on a broad range of business analysis techniques. This is the first time I am venturing into a new topic altogether: time management. Just again combined with Notepad.
Listen to the audio version of this article: [link] What Is a Product Portfolio Strategy and Why Does It Matter? A product portfolio strategy is a high-level plan that helps you maximise the value a group of products creates. 1] Product Portfolio, Product Family, and Product Line—What’s the Difference?
Listen to this article: [link]. Before the advent of agile frameworks like Scrum , a product person—the productmanager—would typically carry out the market research, compile a market requirements specification, create a business case, put together product roadmap, write a requirements specification, and then hand it off to a project manager.
A platform owner who manages a platform as a collection of shared software assets. The SAFe product owner who owns the product details. A portfolio owner who manages a group of (related) products. I regard a (digital) product as an asset that creates value for a group of users and for the business.
Mastering ProductManagement In today’s fast-paced business environment, productmanagement plays a crucial role in driving the success of products and organizations. Understanding the Role of a ProductManager The role of a productmanager extends far beyond overseeing the development of a product.
Listen to the audio version of this article: [link] Organise the Team around a Product As the name suggests, a product team is focused on a product. Additionally, the person in charge of the product must have the necessary expertise. This sounds simple enough. Let’s take a look at them.
Listen to the audio version of this article: [link] 1 Complement Scrum with a Product Discovery and Strategy Process Scrum is a simple framework that helps teams develop successful products. I find that the framework is best suited for products that are affected by a significant amount of uncertainty and change.
Listen to the audio version of this article: [link] Introduction My first productmanagement job wasn’t exactly what you call a success story: I was part of a team that was called in to help with a new product development effort, and I ended up working with the lead productmanager.
Welcome to the Business Analysis Digest #37, with the best business analysis and related topics articles of August 2023. Business Analysis Articles 15 Tips for Outsourced Software Development Success by Karl Wiegers Image by wirestock on Freepik I would love to start August’s digest with another great article by Karl Wiegers.
Listen to this article: [link]. This team consists of a product owner , a Scrum Master , and several developers, which are also known as development team. Forming such a team connects the person in charge of the product—the product owner—with the people who design, architect, program, test, and document the solution—the developers.
We’ll cover what they are in this article. > Mondoa Collaboration is at the heart of successful project management, especially when it comes to eliciting well-defined requirements. We will delve into the importance of requirements elicitation, its key principles, and how it contributes to delivering successful products. >
Many people don’t realize there are differences in project management vs. productmanagement, and they use the terms interchangeably. Understanding the key differences in product and project management can facilitate a better understanding of your company’s inner workings. What is project management?
Productmanagement, product ownership, and business analysis are all crucial roles within an organization that work towards a common goal: delivering valuable products and services to customers. While there are similarities between these roles, they each have distinct responsibilities and skill sets.
At the same token, ignoring the stakeholders or excluding them from important product decisions is not helpful either. Instead, you should engage the stakeholders, leverage their expertise, and generate as much buy-in as possible , as I explain in more detail in my article “ Stakeholder Management Tips for Product People.”
Listen to this article: [link]. Like a modern product roadmap, a learning roadmap states the specific outcomes or benefits you’d like to achieve to become a more competent product person, and it captures them in form of learning goals. Step 1: Understand the strengths and weaknesses in your productmanagement skill set.
Listen to the audio version of this article: [link] You Can’t See Further than the Next Three Months A product roadmap should be a realistic forecast that states the specific value a product is likely to offer in the next 12 months. [1] If you can’t see further than the next three months, then do not use a product roadmap.
In this article, I would like to provide a simple guideline to select the right SAFe course for you, if you are willing to take up one. Product Owner/ProductManager. Improve value delivery by gaining insights in the role of Product Owner in SAFe enterprise. – Product Owner/Manager in SAFe.
Ensure that Your Core ProductManagement Skills are Strong. To be able to guide, mentor, and coach other product people, you should ensure that your own productmanagement “hard” skills are strong and that you don’t have any major gaps in your productmanagement knowledge.
Listen to the audio version of this article: [link] 1 No Strategy The first and most crucial mistake is to have no product strategy at all. When that’s the case, a product is usually progressed based on the features requested by the users and stakeholders.
Much of this article is derived from our comprehensive guide, The Non-technical ProductManager’s Guide to Technical ProductManagement. Dive deeper by downloading our comprehensive guide, The Non-technical ProductManager’s Guide to Technical ProductManagement. Let’s get started.
The purpose of this article is to explain the differences between the roles of a product owner vs business analyst vs scrum master. They are one of the parts in one is part of the Agile method of project management. Product Owner. Techcanvass offers Agile Analysis Certification (AAC) preparation course.
Listen to this article: [link]. 1 No Product KPIs. Additionally, include health indicators, metrics that measure how healthy your product and team are, as I explain in more detail in the article How to Choose the Right KPIs for Your Product. My article Boost Your Product Leadership Power will help you with this.
Listen to the audio version of this article: [link] Traditional vs Outcome-based Roadmaps Before I share the four steps, let me briefly describe the main differences between a traditional, feature- and an outcome-based product roadmap. A handy template to capture the strategy is my ProductVision Board.
We organize all of the trending information in your field so you don't have to. Join 57,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content