deciphering product management lingo
DESCRIPTION
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
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?