Product Management Flashcards

Product Lifecycle
Stages from idea to launch: discovery, design, development, launch, and growth.

MVP (Minimum Viable Product)
The simplest version of a product that can be released to validate key assumptions.

Product-Market Fit
The degree to which a product satisfies strong market demand and user needs.

User Personas
Fictional representations of your ideal customers based on user research and data.

Roadmapping
Creating a strategic plan that outlines product vision, direction, and deliverables over time.

Prioritization Frameworks
Methods like RICE, MoSCoW, and Kano used to decide what to build next.

Agile & Scrum
Popular product development methodologies focused on iterative releases and team collaboration.

Stakeholder Management
Engaging with people who have an interest in the product to align goals and manage expectations.

Product Analytics
Tracking user behavior and key metrics to inform decisions and improve the product.

A/B Testing
A method of comparing two versions of a product feature to determine which performs better.

Go-to-Market Strategy
A plan for launching a product and reaching target customers effectively and efficiently.

Customer Feedback Loops
Continuous process of gathering, analyzing, and applying customer input to improve products.