Download - Deciphering Product Management Lingo

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Page 1: Deciphering Product Management Lingo

DECIPHERINGPM LINGO

WHAT DOES THE PM SAY?

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WHO’S WHOProduct Manager (PM)

Program Manager (PM)

Project Manager (PM)

Product Owner (PO)

Business Analyst (BA)

Product Marketing Manager (PMM)

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

AGILE

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

WATERFALL

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Short (1-6 week) periods of development

SPRINT / ITERATION

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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

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EFFORT vs. POINTSEstimation of time that will be invested

Estimation of relative complexity

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

STANDUP

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RETROSPECTIVE

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Flavor of Agile with self organizing teams and a Scrum Master

SCRUM

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AGILE LEAN

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Strategy that guides product based on validating assumptionsandreducing risk.

LEAN

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“just worked like magic”

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

MVP

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CUSTOMER DEVELOPMENT

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VALIDATIONDecision

Decision

Decision

Decision

Plan next iteration

Development andTesting

DetermineObjective

Identify Risks

Process of checking if you’re going

in the right direction

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“just worked like magic”

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

ANALYTICS

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Anything known about that can negatively impact the deliverables

RISK

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Getting on the same page about the next phase

KICKOFF / INCEPTION

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

USER FLOW

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Either…

A list of prioritized features in this releaseOR…

A list of all upcoming releases for the next few years

RELEASE PLAN

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RELEASE CANDIDATE

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

ROADMAP

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BETAThe not-entirely finished product

given to select users

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USER TESTING

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A/B TESTING

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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

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GOVERNANCE

A group of people at a company who

are entrusted to make sure projects

are in line with organization’s goals

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COMPLIANCE

Team the ensures products follows rules generated by government agency regulators

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ACRONYMS

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Costs Benefits

Time Future time savings / Stability

$$$ $$$

Public Perception Public Perception

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

CB ANALYSIS

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CHANGEREQUEST

Process to note or request an update to the existing specification

CR

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KEY PERFORMANCE INDICATORS

The metrics established that will validate assumptions

KPIs

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MARKETREQUIREMENTS DOCUMENT

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

MRD…

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PRODUCT REQUIREMENTS DOCUMENT

Includes every detail needed to build a product

PRD

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RESPONSIBILITY ASSIGNMENT MATRIX

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

RACI

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REQUESTFOR PROPOSAL

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

RFP

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SWOT ANALYSIS

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QUALITY ASSURANCE

Team which makes sure things aren’t broken

QA

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USER INTERFACE

The elementswhich the users willsee, touch, or hear

UI PatternsFlat UI

UI

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USER EXPERIENCE

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

UX

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UATUSER ACCEPTANCE TESTING

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QUESTIONS?