Book Image

Lean Product Management

By : Mangalam Nandakumar
Book Image

Lean Product Management

By: Mangalam Nandakumar

Overview of this book

Lean Product Management is about finding the smartest way to build an Impact Driven Product that can deliver value to customers and meet business outcomes when operating under internal and external constraints. Author, Mangalam Nandakumar, is a product management expert, with over 17 years of experience in the field. Businesses today are competing to innovate. Cost is no longer the constraint, execution is. It is essential for any business to harness whatever competitive advantage they can, and it is absolutely vital to deliver the best customer experience possible. The opportunities for creating impact are there, but product managers have to improvise on their strategy every day in order to capitalize on them. This is the Agile battleground, where you need to stay Lean and be able to respond to abstract feedback from an ever shifting market. This is where Lean Product Management will help you thrive. Lean Product Management is an essential guide for product managers, and to anyone embarking on a new product development. Mangalam Nandakumar will help you to align your product strategy with business outcomes and customer impact. She introduces the concept of investing in Key Business Outcomes as part of the product strategy in order to provide an objective metric about which product idea and strategy to pursue. You will learn how to create impactful end-to-end product experiences by engaging stakeholders and reacting to external feedback.
Table of Contents (19 chapters)
Lean Product Management
Contributors
Preface
Another Book You May Enjoy
Index

Chapter 4. Plan for Success

Until now, in the Impact Driven Product development cycle, we have arrived at a shared understanding of Key Business Outcomes and feature ideas that can help us to deliver value to our customers and maximize the impact on the KBOs. The next step is for us to identify what success means to us. For the kind of impact that we predict our feature idea to have on the KBOs, how do we ensure that every aspect of our business is aligned to enable that success? We may also need to make technical trade-offs to ensure that all effort on building the product is geared toward creating a satisfying end-to-end product experience.

When individual business functions take trade-off decisions in silo, we could end up creating a broken product experience or improvising the product experience where no improvement is required. For a business to be able to align on trade-offs that may need to be made on technology, it is important to communicate not just what is possible within business...