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ProductGoals Defined. The Scrum Guide released in November 2020 states that “the productgoal describes a future state of the product … [It] is the long-term objective for the Scrum team.” It also suggests that “the productgoal is in the product backlog. Figure 1: The ProductGoal in Context.
Productside | ProductManagement Courses & Training How WellNest Rebooted ProductStrategy (eBook Preview) When product teams get stuck in backlog chaos, stakeholder noise, and reactive shipping, its not a process problem. Its a productstrategy problem.
Traditionally, strategy and execution are often viewed as separate, sequential pieces of work that are carried out by different people. For example, a productmanager might determine the productstrategy and one or more development teams might be tasked with executing it. I call these outcomes productgoals.
An effective productstrategy is key to successfully create, enhance, and manage a product. There is no point in worrying about the product details and writing user stories if a sound productstrategy is missing. But what exactly is a productstrategy? Four Artefacts.
Speaker: Yoav Yechiam, Founder and Head Instructor, productMBA
Analytics are highly important for productmanagers - and yet, analytic implementations often fail to actually help us. Analytics are there to answer important product questions, not just to collect data. He'll discuss: Why analytics are important for productmanagers.
Goals in ProductManagement. As I explain in my book How to Lead in ProductManagement , setting the right goals is crucial to align stakeholders and development teams and to achieve product success. Does this mean that there is a natural fit between goals in productmanagement and OKRs?
However, productmanagers often face even greater challenges when navigating high-stakes situations with senior leadership or dealing with conflicting priorities across departments. These moments can be politically challenging, as they require balancing the immediate demands of stakeholders with long-term productgoals.
ProductGoals Defined. The Scrum Guide released in November 2020 states that “the productgoal describes a future state of the product … [It] is the long-term objective for the Scrum team.” It also suggests that “the productgoal is in the product backlog. Figure 1: The ProductGoal in Context.
What’s more, it makes it unlikely that the stakeholders will fully support the product decisions and that they will follow them through. But do not accept inappropriate behaviour and do not allow people to treat you like a project manager, team lead, or personal assistant. Increase your productmanagement expertise.
Whether you manage a feature, a product, or a whole suite of products, you likely have some goals that you're trying to meet. But do you have a strategy? Strategy and goals are different. It's your strategy that allows you to make decisions that help you meet your goals in the first place.
For example, a productstrategy workshop might have the objective to identify the key changes required to achieve product-market fit. Contrast this with a sprint review meeting , which might help you determine if users can easily sign up for the product. Assess productstrategy and adjust if necessary.
In this ProductTank Wellington talk, Andrew Tokeley, Product Leadership Coach, explains why strategy is a big part of trying to help productmanagers connect the dots and prove the value of what they’re working on and why many can struggle with lack of strategy. [.]
Additionally, the person in charge of the product must have the necessary expertise. Finally, the individual must be empowered to decide if no agreement can be reached within the product team. Note that including stakeholders on the product team replaces a traditional stakeholder management approach with a much more collaborative one.
In both instances, Id recommend using an overall portfolio or bundle strategy in addition to the individual productstrategies. If I were in charge of the suite, Id use a portfolio strategy that guides and aligns the strategies of Word, PowerPoint, and Excel. [1] This is where product portfolio roadmaps come in. [2]
Step 1: Ensure that you know who the product is for and why people will want to use it. I’ll never forget the day when I suggested to the productmanager of a brand-new healthcare product to prioritise its features. A tool like my product vision board helps you capture and validate your productstrategy.
But it doesn’t tell you where to go and how to get there—that’s what the discovery and strategy work does. 2 Use Scrum for Products that Experience Uncertainty and Change Scrum is often seen as the standard way to create digital products, and I have met more than one company where the productmanagers were told to be agile and do Scrum.
I talk to a lot of PMs and I ask them (and everyone who subscribes to my newsletter) the same question: what’s your biggest struggle as a ProductManager? Having put together a fairly popular resource on product prioritization methods, I would’ve hoped the situation to be different. Well, th at’s the role of a productstrategy.
To make this more concrete, let’s look at an example: Objective : Grow the productmanagement team. Key result 1 : Three productmanagers are hired. Key result 3 : The productmanagement processes are adapted to preserve the productivity level of the team. The fourth row lists the product’s features.
To select the right KPIs, I recommend taking the following three steps: First, use the user and business goals in the productstrategy to select an initial set of indicators. Then take into account the productgoals on the product roadmap to discover additional KPIs.
Product leader Aatir Abdul Rauf outlines questions productmanagers should ask when crafting a productstrategy. By Tremis Skeete , for Product Coalition Productstrategy continues to be a misunderstood concept and energizes many conversations and debates on LinkedIn. It’s not a set of goals.
But what Scrum lacks in my mind, is a way to involve the key stakeholders in strategic product decisions and the product discovery work. That’s understandable, as the framework is focused on the development of complex products. You need the stakeholders’ active contribution to progress the product and reach the productgoals.
Consider These Product “Owner” Teams Effective product owners need to collaborate with several kinds of teams: They work with “their” feature/product team, to write stories and create good backlogs for the near-term work. However, in a small organization, that someone might be a VP, not a productmanager.
Crafting a winning productstrategy is crucial for SaaS success, and finding the right productstrategy example can provide all the inspiration you need. This article provides concrete examples of different productstrategies employed by SaaS companies. Book a demo to learn more.
Process and collaboration : Teach agile values, principles, and practises to the product owners, development teams, stakeholders, and management. This includes sprint planning , Daily Scrum , sprint review , and sprint retrospective , as well as productstrategy and product roadmap workshops.
Goals in ProductManagement. As I explain in my book How to Lead in ProductManagement , setting the right goals is crucial to align stakeholders and development teams and to achieve product success. Does this mean that there is a natural fit between goals in productmanagement and OKRs?
Launching a product without a well-defined productstrategy framework is similar—you risk wasting resources without a clear path to success. So, how do you outline a productstrategy framework that is the foundation of product-led growth ? Productstrategies help you design and grow your products.
Expanding on a recent post ( Revenue Goals are Not Company Strategies ), I’ve been seeing lots of maker teams (product, engineering, design) struggling to form productstrategies without a company strategy to hang them on. Productmanagement malpractice.
Be Prepared to Look after People, Not Products. When you become a head of product, you move into a line management position. Consequently, your focus shifts from managing a product to looking after the product people on your team and empowering them to do a great job. But I find that it usually not enough.
You’ll end up guessing how well the product is doing and if it is creating the desired value. While common sense suggests that managing a product without the right measurements is not a sensible approach, I’ve seen product teams who did not use any KPIs. If this data is actioned, bad product decisions will be made.
I therefore recommend applying a different product roadmapping approach and using goal-oriented roadmaps , which are also called outcome-based. As their name suggests, these roadmaps focus on productgoals or outcomes such as acquiring customers , increasing engagement , and future-proofing the product by removing technical debt.
Setting smart productgoals is a vital skill for any sensible SaaS owner or productmanager to get right. In this article, we’re going to explore what makes an effective productgoal, the difference between goals and product initiatives, how to set them and make them work with your product backlog, and more.
To put it differently, instead of focussing on what needs to be delivered, you ask why it is worthwhile progressing the product. However, I find in my coaching work that management and business stakeholders can be very attached to feature-based plans and expect to see roadmaps that state when a feature will be delivered.
Product success is not something you can achieve on your own as a productmanager or Scrum product owner. Instead, you rely on the contributions and the support of the key stakeholders , the development team members, and possibly other product people who help you manage a large product.
In practical terms, involve stakeholders and dev teams in decisions that affect the productstrategy and the product roadmap —be it that you create the plans or that you make bigger changes to them. To make things worse, it’s not clear who has the final say on productstrategy changes.
How organizations can empower productmanagers Today we are talking about what a product-led organization is, barriers that can prevent an organization from being product-led, and actions to create the product-led organization. I eventually got fired as a productmanager.
Our new guide, Five Hard Questions for Mobile ProductManagers , covers tough questions product leaders should ask themselves, especially through a mobile lens. If you’re aiming to push yourself and your product to the next level, analyzing yourself is the best place to start! Question #1: Am I the CEO of the product?
To select the right KPIs, I recommend taking the following three steps: First, use the user and business goals in the productstrategy to select an initial set of indicators. Then take into account the productgoals on the product roadmap to discover additional KPIs.
But in productmanagement, there are several horizons that need to be considered—how many depends on the product planning model you use. The product backlog contains the details necessary to develop the product as outlined in the roadmap including epics and user stories. Re-planning Cadence.
Want to advance your career in productmanagement or find top talent for your team? This article shares exciting productmanager roles focused on retention and churn and showcases standout candidates in the field. Recommended productmanager job openings in data-driven companies 1.
The productmanager career path is an exciting one with lots of possible on- and off-ramps. According to LinkedIn, interest in productmanagement has doubled in the United States in the past 5 years. What is the ProductManager’s Career Path? Typical ProductManagement Roles. ProductManager.
How productmanagers can build trust and alignment on virtual teams Today we are talking about making virtual product teams more effective. Our guest is Anna Marie Clifton, Head of Product at Vowel. Before Vowel, she held senior productmanagement roles at Asana, Coinbase, and Yammer. Trust builds product.
And that’s why it’s necessary to adopt the right productmanagement frameworks (the blueprint!) to guide product teams at every stage. Top-notch products. So, which productmanagement frameworks should your team use? The result? Let’s get right to it. Book a demo now to see it in action.
This guide to portfolio productmanagement and marketing answers the following seven questions. What is Portfolio ProductManagement and How Does It Differ From Traditional ProductManagement? What are the Core Principles of Portfolio ProductManagement? There are five key best practices.
What is a technical productmanager? This is the question that opens our discussion of technical productmanagement. TL;DR Technical productmanagers work with engineering and development teams on the technical performance of software products. What is a technical productmanager?
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