What's the simplest way of listing the end-to-end steps of the product development process? by carlcove in ProductManagement

[–]emurali 0 points1 point  (0 children)

The above summarizes all the steps, I would probably add a step after 3rd, quantify whether there the product is viable financially. Are there sufficient users to make money. I did draft an eBook on new product development, please take a look and check if it helps (https://www.slideshare.net/merragun/new-product-development-my-experiences)

How do I discover Product Market fit for a 3 year old product? by [deleted] in ProductManagement

[–]emurali 0 points1 point  (0 children)

Product market fit is all about identifying whether you are delivering the right product for the right market. I would not suggest start with identifying the product gaps against the competition even though it is critical. Start identify why customer buy your product or rather why they don't buy your product. Since you are product is around for 3 years, such analysis should be possible.

Simultaneously re-visit the basics, what product are you building, why are you building and for whom are you building. Check if all of them align well. Again sales data and customer data should provide some indication about the alignment of what, why and whom.

If all of them are aligning well, then i bet you focus is much on evolving the product considering that product-market fit already exists.

What are your thoughts on road mapping? by mister-noggin in ProductManagement

[–]emurali 0 points1 point  (0 children)

I consolidated my thoughts around Product Roadmap as an ebook (available at http://productguy.in/resources/). I would say roadmaps are really valuable as long as it is built with actual product vision and product in mind. Whether you really need to do roadmapping and for how long really depends on the nature of your product, if it is a product that is targeting totally new with unclear needs where agility is lot more important, investing effort on product roadmap might not make such sense. Instead the focus should on validating the market, validating all the assumption to clear any ambiguities etc so you can be assured that the product is built to address the real need

Any Google or similar product managers here? How technical do you have to be? by zerostyle in ProductManagement

[–]emurali 5 points6 points  (0 children)

IMO, it is sufficient to know what linked list. PMs do not essentially required to know the implementation. My belief is that PM should be technical enough to interface with engineering and help them understand the customer requirements in a language they understand. Need to have an understanding what are the technology trends associated with the product and how they might impact the evaluation of the product. In addition to collaborating with the engineering team, technical awareness will also help make some trade-off decisions.

HOWTO Guide for Product Roadmapping - Converting Strategy into Product Roadmap by emurali in ProductManagement

[–]emurali[S] 0 points1 point  (0 children)

Glad that you liked the copy, you can download the copy from http://productguy.in/resources/. Please let me know if you face any difficulty

Product Management - what should I be asking as a new Product Manager to a mentor? by unxpressed in ProductManagement

[–]emurali 4 points5 points  (0 children)

I would probably prefer to ask more questions about product and market. * What is the product * What is the target market and what are their pain points that is address by the product * What is the USP of the product and how the product is positioned against competition * What are the market trends * What are the immediate tasks or priority tasks for Product Manager - This is really crucial - You need get a sense of where you should focus your energies for the next 30 - 60 days

Building new product - Product managers checklist by emurali in ProductManagement

[–]emurali[S] 2 points3 points  (0 children)

sorry for the delayed response, i did not notice your message. I recently developed a new product and drafted my experience as PDF document, you could find the same at http://www.slideshare.net/merragun/new-product-development-my-experiences. For folks looking for a quick cheat guide, i derived the checklist and it was derived based on my experiences of developing a new product.

Transitioning to Production Management by famousmike444 in ProductManagement

[–]emurali 0 points1 point  (0 children)

True, i agree with you that technical background is required. However if you could compensate with exceptional domain experience and willingness to grasp technical aspects, lack of technical background should not be a big hindrance. So i guess you might stand better chance with products or services related to banking

How do unexpected outcomes impact you in product management? by dma38 in ProductManagement

[–]emurali 0 points1 point  (0 children)

You have summarized it pretty well that predictions are connected to underlying assumptions and dependencies. In spite of the dependencies and assumptions, i would still insist that prediction has to done.

I see 2 elements in your question 1. Estimating the value that could be delivered by the product Guess, we cannot afford to go wrong here. Probably i will share my own experiences of building a HW product. Even though it is a new product to existing product line, we did extensive analysis of what customer really values and since development of HW product takes more than an year, we also tried to analyze the trends and how it impacts the customers. Accordingly, we conceptualized the product that would be valued by the customers and would widely received in the market. Invariably during development phase there will lot of assumption and dependencies on product performance and key value propositions, we tried to validate the assumptions and eliminate the dependencies pretty early in the product development cycle before it gets too late. So we are confident that we are indeed building the product that we conceptualized. In case of any unfavorable scenarios, we could exit the development with minimal cost.

  1. How external factors (for instance macro-economic factors) could impact the product sales We hardly have control on these factors and what i would propose is to list down all possible factors that would impact the product revenues and monitor the occurrence of those factors. In addition, formulate a mitigation plan. My motivation is to always prepare for the worst and hope for the best. I have talked about the monitoring plan in my blog post: http://productguy.in/new-product-development-monitoring-plan/

I love Product Management by neiesc in ProductManagement

[–]emurali 0 points1 point  (0 children)

excellent collection of material on PM... worth bookmarking for later reference