In the scrum agile framework, a sprint planning meeting is where scrum teams decide which are the most valuable product backlog items to deliver in the next sprint.
I believe if you’ve understood the problem well, then building the right product is just one step away. And understanding the problem well is only possible by closely listening to the customers.
In software development, velocity is a measure of the amount of work a team can complete in a particular time frame. It's important to manage velocity effectively in order to ensure your projects stay on track.
Managing time and productivity for a product manager is far from simple. Given that you deal with so many stakeholders and are essentially running a mini-organization within your company, managing your productivity..
In my definition, a product-led company is a company where everyone believes they support the product directly. This includes teams like Finance or People Ops, which are typically considered “far away” from product development.
A/B testing, commonly referred to as split testing, is a marketing experiment in which you divide your audience in half to test various campaign iterations and see which one performs best.
Derived from butter churn, the word "churn" is defined as the percentage of customers who leave a company within a specific period of time. Customer churn can be a major problem for businesses because it can lead to a decline in revenue and profit.
Epics are large, high-level user stories that can be broken down into smaller, more manageable tasks. They are typically used in agile software development to help multiple teams identify and track progress on large features or projects.
Communication skills are a given with almost any role, but it is the ability to listen - really listen, to what is being said by users, customers, sales teams, about what they want from a product.
CAC is a measure of how much it costs to acquire a new customer. To calculate CAC, divide the total cost of acquiring new customers (marketing expenses, sales expenses, etc.) by the number of new customers acquired.
Conversion rate is a measure of how often visitors to a website take a desired action, such as making a purchase or signing up for a newsletter. The higher the conversion rate, the more effective the website is at converting visitors into customers or subscribers.
The product development cycle is the process of building a new product, from ideation to all the way through launch and beyond. This cycle varies from team to team. Some of the typical stages will include idea generation, research, product definition, prototyping, testing and commercialization.
Retrospectives are meetings that are typically held at the end of a project or sprint, in order to reflect on what went well and what could be improved. The goal of a retrospective meeting is to learn from past experiences and improve future performance.
Managing internal stakeholders begins with prioritization (like so many topics in product management). Since PMs have an essentially unmanageable number of stakeholders, it’s critical to know at any given time which ones can make the biggest contribution to the success of a product.
Product managers, customer care teams, analysts, marketers, and pretty much everyone else in your company may all benefit from consumer input. Despite this, a recent study discovered that 42% of businesses don't poll their clients or gather feedback.
