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

Deciding to build, buy, or not at all


We don't need to start coding every feature into the digital solution. During the early stages of product development, we must assess where to spend our capacity and resources. Often, both business sponsors and engineers get carried away by the possibilities that a digital solution can offer. Since we have now methodically established the business outcomes, the most important product features, and the success metrics to achieve, we need to find the right fitment of solutions.

Once we have established a differentiator or an enabler, we need to explore the possible options available to us. The first step is to decide if there is even any value in building the feature. We could also look for solutions outside (off-the-shelf products) or use an open source tool or outsource (to a noncore product development team). If our feature is an enabler and if our success metrics can be achieved by an off-the-shelf tool, then we should just proceed with finding the...