Deciphering Product Management Lingo

Post on 15-Jan-2015

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Want to learn about Product Management or just look smart at your interview for a new job in tech? Learn about the terms and acronyms used in technical product management. Ever want to understand the difference between Agile and Lean? User Testing and UAT? This deck covers that and soooo much more!

Transcript of Deciphering Product Management Lingo

DECIPHERINGPM LINGO

WHAT DOES THE PM SAY?

WHO’S WHOProduct Manager (PM)

Program Manager (PM)

Project Manager (PM)

Product Owner (PO)

Business Analyst (BA)

Product Marketing Manager (PMM)

Software development process which places the highest value on working software.

AGILE

Plan aheadDesign in advanceBuild once design is completeTest for bugsRelease to the public

WATERFALL

Short (1-6 week) periods of development

SPRINT / ITERATION

User Stories - have user value and acceptance criteria

Chores - no user value, but have to get done anyway

Bugs - issues with something that is already accepted

STORIES, CHORES, BUGS

EFFORT vs. POINTSEstimation of time that will be invested

Estimation of relative complexity

Regularly scheduled meeting (daily)where the team stands up and discusses current progress and blockers.

STANDUP

RETROSPECTIVE

Flavor of Agile with self organizing teams and a Scrum Master

SCRUM

AGILE LEAN

Strategy that guides product based on validating assumptionsandreducing risk.

LEAN

“just worked like magic”

A Minimum Viable Product is the smallest thing you can build that allows you to validate a hypothesis

MVP

CUSTOMER DEVELOPMENT

VALIDATIONDecision

Decision

Decision

Decision

Plan next iteration

Development andTesting

DetermineObjective

Identify Risks

Process of checking if you’re going

in the right direction

“just worked like magic”

Methodology for measuring metrics which will validate your hypothesis and identify opportunities for improvement

ANALYTICS

Anything known about that can negatively impact the deliverables

RISK

Getting on the same page about the next phase

KICKOFF / INCEPTION

How a user gets from A → B → C → B …..

USER FLOW

Either…

A list of prioritized features in this releaseOR…

A list of all upcoming releases for the next few years

RELEASE PLAN

RELEASE CANDIDATE

An outline of where the product is headed in the next few months (or years)

ROADMAP

BETAThe not-entirely finished product

given to select users

USER TESTING

A/B TESTING

Either…

The phases needed to launch a product and it’s later features

Or…

The phases a product will go through once it’s in the market

PRODUCT LIFECYCLE

GOVERNANCE

A group of people at a company who

are entrusted to make sure projects

are in line with organization’s goals

COMPLIANCE

Team the ensures products follows rules generated by government agency regulators

ACRONYMS

Costs Benefits

Time Future time savings / Stability

$$$ $$$

Public Perception Public Perception

Relationships (Customers, Investors) Relationships (Customers, Investors)

CB ANALYSIS

CHANGEREQUEST

Process to note or request an update to the existing specification

CR

KEY PERFORMANCE INDICATORS

The metrics established that will validate assumptions

KPIs

MARKETREQUIREMENTS DOCUMENT

Includes justification and vision for a product and signoff to develop it for a market

MRD…

PRODUCT REQUIREMENTS DOCUMENT

Includes every detail needed to build a product

PRD

RESPONSIBILITY ASSIGNMENT MATRIX

Chart to clarify who is responsible for what on a cross-functional team for compliance

RACI

REQUESTFOR PROPOSAL

Clients call for consultants to propose what they could do to help

RFP

SWOT ANALYSIS

QUALITY ASSURANCE

Team which makes sure things aren’t broken

QA

USER INTERFACE

The elementswhich the users willsee, touch, or hear

UI PatternsFlat UI

UI

USER EXPERIENCE

Continuous concern for how the user will feel while interacting with the product

UX

UATUSER ACCEPTANCE TESTING

QUESTIONS?