Producter Glossary is a product management glossary for beginning and seasoned product managers. This blog series delivers thorough and informative material to support your product management journey, whether you're wanting to improve your understanding of product management ideas or searching for useful strategies.
Agile is a work management approach based on iteration. The value of Agile is that it helps unpredictability, continuous improvement, fast responses to change, and satisfy customers.
A feature request is a suggestion, message, or request from a user regarding a particular feature that your organization wishes to implement. Feature requests can be used to decide how to iterate on an existing product.
Documentation is a source of information. It can be written for any purpose. Tech teams tend to use documentation to explain their code. It can also be written for API and SDK guidelines.
Personas are used to help a product manager (or product developers) understand the characteristics, behaviors, goals, and responsibilities of a particular segment of users. We can say that persona is actually an analysis process.
Prioritization is the process of evaluating ideas and working carefully to increase their value and ensure efficient resource utilization. Every product manager needs to be capable of prioritizing.
Product requirements documents (PRD) are used by product teams to describe the details of a solution/product they provide to solve a specific challenge and share them with stakeholders.
A Minimum Viable Product (MVP) is just what it sounds like. Introducing a new product to the market with minimal features but enough to catch consumer attention is called Minimum Viable Product or MVP.
A backlog is a list of tasks needed to execute a more extensive strategic plan. A product development context includes a prioritized list of items.
Customers provide feedback regarding their experiences with a product or service. In addition to revealing their satisfaction level, it helps product, customer success, and marketing teams identify opportunities to improve.
A changelog is a chronologically ordered list of all notable changes for each release or version. Having a structured and consistent changelog makes it simpler for users and contributors to understand exactly what changes have been made between releases.
Sprints are usually completed within one to four weeks in the scrum. This time-box focuses on building and testing clearly defined sets of functionality, leading to a shippable work increment.
The role of product managers is to lead and make strategic decisions about products. There has been a misconception that product managers are “mini CEOs” of the product they manage.
Product is a collection of core business features that deliver the complete product experience to a defined set of market segments. Software and data can make up an entire product.
Stakeholders are groups of people who participate in the product development process on different levels. They can be in technical or non-technical teams or outside the company. In any case, the stakeholders usually play a primary role in the success of a product either directly or indirectly.
A product vision outlines the overall long-term goal of your product. Basically, it communicates why the product exists and what the desired end state of the product is in the future.
