STAGES
1. Gathering and Managing Ideas
PROCESS
-Listing all possible services for the Product Builder
-Request QA to quality check all the services listed
-Consult Project team about the services
-Finalize all the services needed for the Product
Builder
2. Determining Product Specifications (Specs)
-Consult CTO about the services
-Create functional requirements for Quantum
Builder, Tariff Builder and Product Builder
-Define the functionalities for the Product Builder
-Consult Project team about the specs
-Consult CTO to pre-approve all the documents
-finalize the technical documents
-Product and Project team will consult Technical
Team
3. Creating a Product Roadmap
-Product Team consult CTO about the Product
Timeline
-CTO discuss the high level timeline of the product
builder (Highlighting the visions and goals of the
Product Builder)
-finalize Roadmap
-Consult CTO about the
Now that the four stages have been established, it
is time to bring the product to life. The engineering
team is in charge of developing digital products by
writing code based on the requirements
established by the product manager and designers.
4. Prioritization
5. Developing and Delivering the Product
The product development phase varies depending
on the company's methodology; it could be an agile
approach where the product is built and shipped
iteratively in short cycles known as sprints, or it
could be the waterfall model, which is a more
linear, sequential approach.
6. Running Analytics and Experiments
This is a critical stage in the product management
process. It focuses on using data to assess the
success of the product and make improvements.
Product managers can also run various
experiments on different user groups to test
different scenarios or feature versions. The data
from these experiments allows the product team to
improve the product and increase its chances of
success.
7. Gathering Customer/ User Feedback
The final stage in product management process is
to capture the feedback from the customers. There
are various ways to capture the user feedback. For
example, a prompt can be used to rate their
experience while using the product, or through a
survey and etc.
It is important to gather all the feedbacks of the
customer, which the product manager must
organize and analyze. These comments are used to
make the product better. This step returns us to
the beginning of the product management process:
capturing and managing ideas.