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

Solution #1 – don't strive for perfection, instead set up outcome-driven timelines


"You can't just turn on creativity like a faucet. You have to be in the right mood…last-minute panic!" Calvin and Hobbes, Bill Waterson

Constraints have a great way of bringing focus to work. They have also been shown to have an effect on creativity. Having unlimited options and possibilities, in fact, makes it harder for us to make decisions (decision fatigue). When we create a product plan, we are dealing with a number of options and have many decisions to take. These can range from something as high level as what feature to build, to something as finely detailed as where to place the purchase button.

When faced with so many decisions, and many of them being in the speculative zone, setting up a constraint can help to bring focus. Time is a clear, tangible constraint that has an intense effect on our psyche. Time lost cannot be recovered, but our tendency is to keep extending time. If we're not ready, then...