UnderStanding Product Management - Part 2
Previously on UnderStanding Product Management, I talked about what Product Management is and who a Product Manager is. I also talked about what a Product RoadMap is, how a product is built, and Product-Development Cycle which is the stages a product has to undergo before been brought to life. On this article, I will be talking about some Terminologies in Product Management.
TERMINOLOGIES IN PRODUCT MANAGEMENT
As we all know, all tech stacks have terminologies, the software engineering stack which consists of the FrontEnd, BackEnd, UI/UX Design, And Mobile Development engineering has some which we might be familiar with. These include; Algorithms, API, Application, Bootstrap, Bugs, Cache, Deployment, Documentation, Plugins, Wireframes, Framework, And the rest.
The Same also applies to Product Management. So, In this series part, I will be talking about some Product Management terminologies.
Agile: Agile is an iterative product-development methodology in which teams work in brief, incremental “sprints,” and then regroup frequently to review the work and make changes. The agile methodology encourages frequent feedback and the ability to switch focus and priorities quickly.
Sprint: A sprint is a period (e.g., 14 days) in which an agreed-upon set of development tasks takes place.
Standups: A standup is a quick session where each member of the team shares what they accomplished, what they’ll try to accomplish, and what is blocking work from progressing.
User Persona: A user persona is a composite biography (or series of biographies) drafted based on market research and experience to describe the relevant characteristics, needs, and goals of the people who will be using a product.
Wireframes: A wireframe is a basic, two-dimensional visual representation of a web page, app interface, or product layout. You can think of it as a low-fidelity, functional sketch. Product designers and UX (user experience) professionals draw up wireframes to communicate how they plan to arrange and prioritize features, and how they intend for users to interact with their product or website.
Product Requirement Documents (PRD): A product requirements document or PRD is an artifact used in the product development process to communicate what capabilities must be included in a product release to the development and testing teams.
Minimum Viable Product (MVP): A minimum viable product, or MVP, is a product with enough features to attract early-adopter customers and validate a product idea early in the product development cycle.
Key Performance Indicator (KPI): Key performance indicators, or KPIs, are quantitative metrics organizations use to track and analyze performance or progress toward business objectives.
Framework: A framework is a set of tools in which to build or organize well-structured, reliable software and systems.
Kanban Board: A Kanban board is a tool for visually arranging and tracking a team’s workflow.
Scrum: Scrum is an agile framework that teams use to produce products faster by breaking large development projects into smaller pieces that can be completed in short timeframes.
To learn more about available Product Management terminologies, you can check out Product Management Terminologies.