Step Product Development (Building a Minimum Viable Product MVP)
It’s time to execute the development cycle, this can be regulated using some framework and methodology, these framework are chosen on basis of work and prioritzation. Using these methodologies and framework results in smoother workflow.
Product Management Framework
Product management frameworks provide a systematic approach to product development and management, helping product teams to stay organized, focused, and aligned on their goals. They offer a set of processes and tools that can be used to guide for product lifecycle, from ideation to launch and beyond. Product teams may enhance productivity, lower risk, and raise success rates by following a framework. Let us learn about some framework that are used in product management.
- Minimum Viable Product
- Working Backwards
- North Star Framework
- Business Model Canvas
- Job To Be Done
- Opportunity Solution Tree
- Weighted Impact Scoring
- Design Sprint
- Customer Journey Map
- Spotify Squads
- GIST Planning
- 3 Pillars of Product
- Double Diamond
- DACI
- Product Team Competencies
- CIRCLES Method
- Product-Market Matrix
- Innovation Adoption Curve
- Hooked Method
Agile
Agile is a product development methodology that emphasizes iterative development, early delivery, and continuous improvement. It is a flexible and adaptable approach that is well-suited to the rapidly changing world of product development. Agile teams work in short, incremental cycles, or “sprints,” typically lasting two weeks. At the end of each sprint, the team delivers a working product increment to the customer or stakeholder. This allows the team to get feedback early and often, and to make changes as needed.
Product Lifecycle
Product lifecycle can be used in conjunction with Agile to create a more comprehensive and effective product development process. It is important to know why this lifecycle is important. It helps to identify the key milestones in the product lifecycle and improve communication and collaboration between different teams involved in the product development process.
- Product Lifecycle | Market development
- Product Lifecycle | Market introduction
- Product Lifecycle | Market growth
- Product Lifecycle | Maturity
- Product Lifecycle | Market decline
Learn Product Management | Beginner to Advanced Tutorial
Product management is an all-around process that involves planning, development, launching, marketing, and post-sales improvement of a product and service. Product Management includes the complete lifecycle of the product or service, from idea generation to development of the product to the final launch. The product manager is an entity or a person who is responsible for looking after all these issues and collaborating with different teams, to bring out the best product that fits every need of customers.