Product Management

Benchmarking often fails just when you need it most. All the best benchmarking and best practices lead nowhere if they are not implemented.

New programs spin up every day, but most teams get off to a bad start. In a rush to get going, they forego a few simple steps that would help position their programs for success.

A product roadmap is a graphical representation of a set of related products over time with at most a monthly granularity.

Four-Fields Process Map Originated in Japan, the Four-Fields Map is a graphical technique most commonly applied to cross-functional processes.

The Risk Mind Map enables a team to create a comprehensive risk profile. It allows management to anticipate where risks might arise and to prepare to meet these challenges more effectively.

The Change Impact Matrix is a descriptive tool that details the scope of the changes that everyone involved in a project will face. The matrix is useful for presenting the project context to upper management when discussing the project status, schedule, and progress to plan.

Have you ever wondered how to create a great product vision?  Let’s show you.  Start with some examples to get your reference frame properly set.  Then look at some of the formats that might work best for you.

The Product Radar Chart offers a way to evaluate and communicate the myriad factors that go into product and portfolio decisions by graphing the key dimensions of a product or concept and comparing them to alternatives.

A Product Portfolio Investment Map is a snapshot of product portfolio investments that shows the relative emphasis on various classes of new product development projects. Typically, these investments are grouped together according to the amount of risk each project assumes.

At their best, Product Roadmaps provide a visual explanation of a company’s strategy. They help align Engineering, Marketing, Sales, Support, and the C-suite. Done right, product roadmaps serve as an organizing principle for decisions around technology requirements, resource allocation, and product positioning.

In too many companies, the front end of development remains fuzzy. The same companies that will micro-manage IT, or spend time simplifying a portion of their manufacturing operations, show little interest in improving the early stage innovation activities that drive future growth.

We have advocated two systems for managing your company’s early stage product innovation activities. The first is a yearly planning process that ties the company’s vision to a strategy, and provides roadmaps that drive the annual budgeting process.

The Community Product Requirements Chart is a tool that provides customer insights and creates opportunities for innovation.

Before projects become products, they are ideas in the minds of your teams. They begin as product concepts, germs of your company’s future growth. How can companies manage the portfolio of product ideas?

Our clients often ask us how they can become more innovative. Some seem to believe that innovation appears as if by magic. Many believe that there is no process for innovation. We have identified three practices that are research-verified, an end-to-end series of steps that yield the best ideas.

A strong product offering is paramount for business success, combining products, services, and experiences to attract and retain customers. This article offers a brief overview, delving into key components and strategies. Understanding your target audience …

Strategic product management is crucial for developing a successful product. It involves defining the product’s vision and strategy, setting goals, developing the roadmap, planning the launch, and analyzing performance. To be an effective strategic product …

Consultants provide tangible and intangible outcomes to clients through consulting deliverables. Some examples of consulting deliverables include reports, presentations, assessments, analyses, models, plans, designs, prototypes, and training materials. These outcomes help clients make informed decisions, …

Financial services product management is a challenging role that demands industry insight and regulatory compliance expertise. The product manager oversees new product development, manages product lifecycles, and collaborates with cross-functional teams to align products with …

New product consulting is a service that helps inventors, startups, and small businesses bring their product ideas to life. The process involves market research, product innovation and design, and strategies for effective product launch. By …

Platform Product Management, a recent field, focuses on developing and managing platforms rather than individual products. Platforms are intricate systems comprising multiple products and services collaborating for a seamless user experience, demanding specialized skills. Understanding …

Product management methodology is a set of structured frameworks, principles, and practices that product managers and development teams use to plan, execute, and deliver products to market. It is a critical function that involves identifying …

As the world of product development has evolved, so have the roles of Product Manager and Product Owner. While the two roles are sometimes used interchangeably, they have distinct differences that are important to understand. …

Creating a product roadmap is essential to any product manager’s job. A product roadmap is a high-level visual summary that outlines a product’s vision and direction over time. It helps teams to align their efforts, …

Ever wondered how product management at an international tech giant like Google works? Have you ever dreamt of working as a Google PM (product manager)? Well, look no further; we have all the answers you …

Product management can be difficult, but with the right information, it becomes a lot easier. Click here to learn more about the 15 product management books that are guaranteed to help you on your product …

What is a Product Mindset? A product mindset is nothing more than a single-minded focus on creating meaningful value for customers before all else. The Scrum Guide 2020 defines a product as “a vehicle to …

What is a Product Development Life Cycle? Product development life cycle management refers to the entire lifetime of a product, all of the stages from 1) the time a product is conceived to 2) when …

What is a product taxonomy? A product taxonomy is a systematic categorization of products based on their attributes, characteristics, and relationships to other products. Usually, it is a tool for retailers, ecommerce businesses, and manufacturers …

Being a product manager nowadays may seem like a daunting task. Strict deadlines, exhaustive assignments, and being on top of customer trends can be draining. This is why successful product managers are always on the …

Product owners and managers are constantly looking for ways to improve the product development process. This constant search has brought to light many different techniques and tools to make the process easier and more manageable. …

With the rapid digitalization of today’s world, it is no surprise that businesses have had to revise their product management structures.  As systems governing our everyday lives become automated, it is easier than ever for …

What is the Product Management Process? The Product management process enables teams to develop the right solution for all stakeholders. It’s about using data and experience to establish why a certain feature or product is …

How do companies keep track of their growth and the success of their products? The answer lies in the use of product management performance metrics. Read on to find out more. Introduction To establish and …

Yes, there is some overlap. But it helps to understand the distinction between product owners and product managers. Product Managers and Product Owners The titles of product owner and product manager sound similar. Both are …

Using product management frameworks is a way to dramatically improve product management and make your products a success. Read on to find the most powerful frameworks you can use to boost your business. Have you …

Product management is a complex process that begins with ideation and ends in the commercialization of a new product. Efficient and organized product management is key to a successful product. And the key to organized …

What is Product Discovery? Product discovery is the front end of the product development process. During the discovery phase, teams assess the product-market fit, the usability, and the technical feasibility of new product concepts.  Ideally, …