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BE ON TOP OF YOUR PRODUCT MANAGEMENT : KEY FACTORS Didem Michenet 1

Product management essentials

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Key success factors for healthy product management leading to healthy business development

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Page 1: Product management essentials

BE  ON  TOP  OF  YOUR  PRODUCT  MANAGEMENT  :  KEY  FACTORS  

Didem  Michenet  

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Page 2: Product management essentials

IN DEVELOPING NEW

PRODUCTS,

60% FAIL TO MAKE IT TO

MARKET!

Page 3: Product management essentials

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Long product development cycles

Disconnected product with the market

Too expensive for clients

Page 4: Product management essentials

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• Customers and demand

• Market size • Pricing • BizDev Channels

• Technical product creation

• Budget and timeline

Page 5: Product management essentials

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Differentiate or Die

Client Segments & Packaging

Pricing & Profitability

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Concept Testing (MVP,Prototype)

Product Development

Beta Testing

Product Launch

(1st shipment)

Ongoing Product

Cycle

Phases

Good  read  :  Four  Steps  to  Epiphany  from  Steve  Blank,  serial  entrepreneur,  father  of  Customer  Development  methodology  

Itera4ons,  digestable  steps  than  big  bang  approach  

Page 7: Product management essentials

Project Management

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Skill qualifications

Smart filtering

Timeline, milestones Reverse Planning

Budget Monitoring Fixed budget, milestone payment

Page 8: Product management essentials

Beta Checklist

! Qualify right « Beta Testers », early adapters, quality over quantity

! Use incentives to engage beta testers

! Strategize as marketing opportunity

! Stabilise the product (clean major bugs)

! Measure the feedback : Lessons learnt for Launch (SWOT Matrix)

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Page 9: Product management essentials

Launch Success Factors

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Know your competition and prepare

Prepare brief and to-the-point launch documents

Organize your support team

Wrap your product to an attractive package for your client profiles

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Product Roadmap

Customer feedback

Product Manager

Release management

ONGOING  Go  Agile!  

Page 11: Product management essentials

Toolbox

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MVP : Monkey Survey Landing Pages-Adwords KickStarter

Prototyping, wireframing: Balsamiq UxPin InVision Cacoo

Feedback, Bug Tracking : UserVoice OpinionLab JIRA Bugzilla

Prj Mng : Insightly Teambox Apollo GoogleDrive Dropbox

Support: ZenDesk Freelancer oDesk

Idea Testing : Pickfu ConceptFeedback Hypeanidea