product management roles and missions
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Product Management Roles and Missions
@thierry_lefort
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The Goal of Product Management is to Avoid this
Thierry Lefort – @thierry_lefort
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HOW ?
Thierry Lefort – @thierry_lefort
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Product Development Lifecycle
Building customer oriented solutions
Evangelizing new products
Determining business-cases
Assembling product roadmaps
Defining product requirements
Developing products on schedule
Gathering customers needs
Ensuring products quality
Identifying new product candidates
Conducting market analysis
Thierry Lefort – @thierry_lefort
![Page 5: Product management roles and missions](https://reader034.vdocuments.mx/reader034/viewer/2022051818/54bf88374a795949518b45c9/html5/thumbnails/5.jpg)
Conducting Market Analysis
• Analyze the competitive landscape
• Define and size market segments
• Conduct technology assessments
• Monitor and incorporate industry innovations
Thierry Lefort – @thierry_lefort
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Identifying New Product Candidates
• Discover and validate market opportunities (both for existing and future customers)
• Seek new market opportunities by leveraging the company’s distinctive competence
• Determine buying/building/partnership decisions
• Create and maintain the business plan including pricing
Thierry Lefort – @thierry_lefort
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Gathering Customers Needs
• Define user personas for individual products
• Create a detailed understanding of the customer’s requirements
• Key input for the setting of appropriate design specifications for the new product or service
Thierry Lefort – @thierry_lefort
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Defining Product Requirements
• Participate in the Marketing requirements document (MRD)
• Write the Product requirements document (PRD)
• Validate the Technical requirements document (TRD)
Thierry Lefort – @thierry_lefort
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Determining Business-Cases
• Define what the idea, problem or opportunity is about
• Analyze how and who it will impact
• Look at what competitors are doing
• Evaluate the associated impacts, risks costs and benefits of each alternative
• Make recommendations
Thierry Lefort – @thierry_lefort
![Page 10: Product management roles and missions](https://reader034.vdocuments.mx/reader034/viewer/2022051818/54bf88374a795949518b45c9/html5/thumbnails/10.jpg)
Building Customer Oriented Solutions
• Conduct usability study of existing assets
• Build user stories or scenarios
• Build wireframes (screen blueprints or storyboards)
• Prototypes (for interactive or in-the-mind simulation)
• Design graphic mockups (precise visual of the expected end result)
Thierry Lefort – @thierry_lefort
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Evangelizing New Products
• Maintain a status dashboard for all portfolio products
• Organize frequent demos of the completed work to the stakeholders
• Be the communication hub on product-related matters
Thierry Lefort – @thierry_lefort
![Page 12: Product management roles and missions](https://reader034.vdocuments.mx/reader034/viewer/2022051818/54bf88374a795949518b45c9/html5/thumbnails/12.jpg)
Assembling Product Roadmaps
• Populate the product backlog
• Be the clearing house for new ideas
• Conduct risk analysis
• Evaluate the customer value and complexity of each features in the product backlog
• Prioritize features based on best value/complexity ratio for quick wins
Smaller Scope
Faster Iteration
Higher Customer
Value
Thierry Lefort – @thierry_lefort
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Developing Products on Schedule
• Monitor and control project activities
• Determine how best to allocate resources so the product can be delivered on schedule
• Assess how delays will impact the product release schedule
• Track project progress
Thierry Lefort – @thierry_lefort
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Ensuring Products Quality
• Create User Acceptance Test (UAT)
• Conduct software testing
• Ensure the product complies with the given design
Thierry Lefort – @thierry_lefort