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Key Tactics for a Successful Product
Launch by Kespry Senior PM
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CERTIFICATES
Your Product Management Certificate Path
Product Leadership
Certificate™
Full Stack Product
Management Certificate™
Product Management
Certificate™
20 HOURS40 HOURS40 HOURS
Corporate
Training
Level up your team’s Product
Management skills
Harmeet Gill-
Sethy
T O N I G H T ’ S S P E A K E R
Me + Kespry
● Love to build things: Former engineer
& MBA
○ Using my hands
○ Working with a cross-functional team to
bring something to fruition & scale
● PM for 5+ years: Applications,
Platforms, Analytics in areas of:
○ IoT
○ Edge
○ Visual intelligence
○ Energy, water, transportation,
manufacturing, smart cities, and more
● Founded 2013 in Menlo Park, CA
● Capture > Ingest > Process > Analyze >
Share
● Visual & Geospatial data:
○ Aerial imagery (i.e. drones)
○ Ground based (i.e. mobile images)
○ Videos (i.e. submersibles)
● Computer Vision (CV) & Machine
Learning (ML)
Structure of Talk: Case Study
● Real problem I started on my 1st day.
● We’ll work through it together. Focus on Part 1.
● Based on 2 questions I get often:
○ There are so many parts, frameworks, and tools for product management...how does it come together?
■ Answer: We will cover aspects of Software Development Lifecycle (SDLC) but focus on 1st
half.
○ What is PM “speak”? What are important terms, frameworks, and tools I should know?
■ Answer: I will highlight standard terms, words, and phrases that represent what PMs think
about and work through day to day.
The Situation
No matter the product, this is a
common scenario.
● Product is very strong for a couple use cases.
● Current customers have been hacking
together different capabilities of product for
another use case.
● Many internal teams, such as GTM and
executive leadership, believe we must build
product/features for this use case.
Should we? If so, what? Why?
Part 1: Understand the Problem:
Foundational for Successful Product Dev,
Release, & Adoption
Day 1 you learn: Our customers can...
Plan & Fly Autonomously > Analyze > Delve into Business Insights
● Excellent for measurements, dimensional analysis, and source of truth of real physical state of location or asset.
● However for the “Planning” use case, users are figuring out own ways to use existing product.
Where do you start?
What questions do you have?
My PM Toolkit
Frameworks
● External primary, secondary, &
tertiary research sources
● Internal business data & product
analytics
● The design thinking process
● User-centered design
● Prioritization techniques
● Program management practices
Step 1: Speak customer’s language & empathize
● What matters most to our users/customers?
○ Product speak: What are the user’s value drivers/levers?
● How does the user perceive and define the problem? For what users/customers is
it a problem?
○ What are the use cases? Who are the target user personas?
○ What is the user experience?
○ What are the pain points? Where could we deliver the most value?
○ What are the target outcomes?
● What do users/customers use today to solve the problem? What are the gaps?
○ What is the current user journey?
○ What is the competition?
○ Where are the opportunities?
○ What are other parts of the user’s ecosystem? Where are potential areas for interoperability and
integrations?
Step 2: Map position, strengths, differentiation - Hypothesis
● Are there others with the same or similar problem?
○ Product speak: What is the market size?
○ What are our potential customer segments?
● Where and when can we capture the most ROI?
○ What are our value drivers/levers we can impact by solving this use case? New revenue? Customer
retention?
● What is so compelling about our team/company unique
○ What can be our position? What is our differentiation?
● How much of a ROI does a user need to try a solution?
○ What is the barrier to entry? Get high-level understanding of willingness-to-pay.
○ Who are the target buyer personas?
What I did: Study existing data
Customer value + Customer value ++ Customer value +++ Customer value ++
Strengths set 1
Strengths set 2
Strengths set 3
External data
● Industry trends
● Market size
● Competitive analysis
Internal data
● Product usage analytics
● Sales pipeline
● Win-loss analysis
● Feature requests
Question: Is this problem worth pursuing & creating initial roadmap for?
+
Answer: Hypothesis - Yes, because of alignment between customer value drivers, target personas’ needs + our
core competencies, differentiating capabilities, and business goals.
Start here
Grow here
Analysis:
Great, we have a hypothesis…
now what?
What would you do next?
Step 3: Design thinking & user-centered design
● Primary research
● Talk to actual users & customers
○ Ideal: partner with users throughout process.
○ Ideal: partner with advocates, strategic accounts, target personas/customer segments, power
users who also may be biggest critics.
● Divergent & convergent thinking
Author/Copyright holder: Paris-Est d.school at Ecole des Ponts . Copyright terms and licence: CC BY-SA 4.0. Interaction Design Foundation.
What I did: Aggressively iterate & gather new data
● Partner with:
○ GTM teams to identify users and customers to engage.
○ Design for research, discovery, & analysis.
○ Engineering for high level feasibility discussions and questions.
○ Champion users/customers for continuous feedback.
● Iterate on:
○ Hypothesis > leading to an initial vision statement/product positioning statement.
○ Understanding of pain points, personas, and opportunities (journey maps).
○ Design concepts.
Journey maps
(1) the persona (“who”)
(2) the scenario (“what”)
(3) phases
(4) actions (identify “pain points”)
(5) thoughts (identify “pain points”)
(6) emotions (identify “pain points”)
(7) opportunities (based on “pain points” &
customer ‘value drivers”)
(8) internal ownership
https://www.nngroup.com/articles/customer-journey-mapping/
Personas
Persona:
Goal:
[What is persona trying to accomplish? Roles &
responsibilities]
Information: [What data does persona need to accomplish goal?]
Actions: [What does persona do?]
Impact:
[What are value drivers/benefits of accomplishing
goal?]
Remember! There can be
many types of personas:
● User
● Buyer
● Negative/Exclusionary
(“Naysayer”)
● Primary
● Secondary
Design concepts
Low fidelity sketches > High fidelity UI designs
Divergent > Convergent
Questions generate ideas, variety of insights > Facts provide clarity, answers
http://iwataasks.nintendo.com/interviews/#/wiiu/miiverse2/0/0
Kits by StickyJots
https://www.invisionapp.com/inside-
design/low-fi-vs-hi-fi-prototyping/
https://www.invisionapp.com/inside-
design/wireframe-examples/
Define the Product & Roadmap: Let’s
prioritize!
So many ways...your thoughts?
Step 4: Hypothesis > Vision: Product Positioning Statement
My format:
For [persona] who needs to [address need/accomplish outcome], [product name] is a
[product description/definition] that [provides key customer benefit(s)].
Unlike [primary alternative/competitor], [product name] is [key differentiators].
Tips:
● Be specific!
● Make it measurable!
● This is your product vision. Therefore, everything afterwards should be based on this.
Step 5: Prioritization
● What exactly are we
building?
● Sometimes even more
importantly: what are we
not building?
● Why?
● Many ways! Use one that
exists, combine, or create
your own.
https://hygger.io/blog/4-powerful-factors-rice-scoring-model/
https://foldingburritos.com/product-prioritization-techniques/
My Example - RICE
Potential
customers
Timing of
deals/
customer
purchases
Rev
potenti
al
Comp
position
(if we
build)
Custom
er
Reach
(R)
(1-10)
Custom
er
Impact
(I)
(1-10)
Confidence
(C) (%)
Dev effort
+
complexity
(E) (3 = S,
6 = M, 10 =
L)
Mktg
effort
(M) (1-
5)
CS
effort
(1-5)
(CS)
Total
effort
(E+M
+CS)
Score
(R*I*C)/
E
Prod
A
Feature/
feature
set 1
Lead 6 8 100% 3 2 2 7 16
Feature/
feature
set 2
Lead 5 6 50% 2 2 2 6 8
Feature/
feature
set 3
Parity 8 5 100% 2 2 2 6 20
● Captures customer value, likelihood, and effort.
● More quantitative/data-driven.
● Great to expand across roadmap & more functions.
● Can incorporate t-shirt sizing or points sizing.
● Must ensure everyone understands cutoffs
for scores.
My Example - MoSCoW
M ust have
S hould have
C ould have
W on’t have
● Works well for agile teams.
● Works for well with t-shirt sizing or points sizing
used by engineering teams.
● Can be used for easy grouping into MVP (minimum
viable product), MLP (minimum lovable product),
MMP (minimum marketable product), etc.
● Possibility of not being data driven enough -
PMs must make conscious effort to define
and communicate criteria for each category.
● Can be confusing about duration of time
period during which a requirement stays in a
specific category.
What I did: Simplify, simplify, simplify
● ~20 potential features > 8 features categorized into 3 distinct feature sets
● Each feature set defined with separate:
○ Releases
○ Personas
○ Detailed use case(s)
○ Target customer outcomes
○ Target success metrics
Part 2: Execution: The evolution
from Vision > Build > Adoption
Step 6: Translate customer pain, product vision to whole team
● Communication
○ Clear, simple, concise
○ Consistent with defined user problem and product vision: user-centric
● Data-driven decision-making
○ Quantitative (ROI, value calculations, metrics)
○ User’s language & feedback (pain points, stories)
● Bias to action
○ Proactive
○ Iterative
○ Remove blockers quickly and test hypotheses/assumptions quickly
● End-to-end development lifecycle
○ Define & design > Build & test > Enable & train > Market > Sell > Measure customer adoption
○ Roles & responsibility within organization
What I did: Follow through, stay detail-oriented & consistent
● Cross-functional project management
○ Kick-off
○ Bottoms up estimation
○ Weekly syncs with release leads from each function
● Detailed requirements & sprint planning
○ At least one pager/mini-Product Requirements Document (PRD)
○ Thorough user stories with clear acceptance criteria and prioritization
○ User stories defined at least 2 sprints, estimated at least 1 sprint in advance
○ Epics for release/feature set defined at least 1 release in advance
● Quality & testing
○ Internal
○ External beta
● GTM enablement
○ Target use cases and outcomes
○ Target user and buyer personas
● Definition & measurement of success metrics
○ Relate to target outcomes, value drivers, and business goals
○ Define primary workflows and target usage metrics
○ Measure baseline
40% of existing customer
base
Adopted within first 3 months
“Kudos to whoever
dreamt this up!”
“Great, a big
step forward.”
www.productschool.com
Part-time Product Management Training Courses
and
Corporate Training

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Key Tactics for a Successful Product Launch by Kespry Senior PM

  • 1. www.productschool.com Key Tactics for a Successful Product Launch by Kespry Senior PM
  • 2. Join 40,000+ Product Managers on Free Resources Discover great job opportunities Job Portal prdct.school/PSJobPortalprdct.school/events-slack
  • 3. CERTIFICATES Your Product Management Certificate Path Product Leadership Certificate™ Full Stack Product Management Certificate™ Product Management Certificate™ 20 HOURS40 HOURS40 HOURS
  • 4. Corporate Training Level up your team’s Product Management skills
  • 5. Harmeet Gill- Sethy T O N I G H T ’ S S P E A K E R
  • 6. Me + Kespry ● Love to build things: Former engineer & MBA ○ Using my hands ○ Working with a cross-functional team to bring something to fruition & scale ● PM for 5+ years: Applications, Platforms, Analytics in areas of: ○ IoT ○ Edge ○ Visual intelligence ○ Energy, water, transportation, manufacturing, smart cities, and more ● Founded 2013 in Menlo Park, CA ● Capture > Ingest > Process > Analyze > Share ● Visual & Geospatial data: ○ Aerial imagery (i.e. drones) ○ Ground based (i.e. mobile images) ○ Videos (i.e. submersibles) ● Computer Vision (CV) & Machine Learning (ML)
  • 7. Structure of Talk: Case Study ● Real problem I started on my 1st day. ● We’ll work through it together. Focus on Part 1. ● Based on 2 questions I get often: ○ There are so many parts, frameworks, and tools for product management...how does it come together? ■ Answer: We will cover aspects of Software Development Lifecycle (SDLC) but focus on 1st half. ○ What is PM “speak”? What are important terms, frameworks, and tools I should know? ■ Answer: I will highlight standard terms, words, and phrases that represent what PMs think about and work through day to day.
  • 8. The Situation No matter the product, this is a common scenario. ● Product is very strong for a couple use cases. ● Current customers have been hacking together different capabilities of product for another use case. ● Many internal teams, such as GTM and executive leadership, believe we must build product/features for this use case. Should we? If so, what? Why?
  • 9. Part 1: Understand the Problem: Foundational for Successful Product Dev, Release, & Adoption
  • 10. Day 1 you learn: Our customers can... Plan & Fly Autonomously > Analyze > Delve into Business Insights ● Excellent for measurements, dimensional analysis, and source of truth of real physical state of location or asset. ● However for the “Planning” use case, users are figuring out own ways to use existing product.
  • 11. Where do you start? What questions do you have?
  • 12. My PM Toolkit Frameworks ● External primary, secondary, & tertiary research sources ● Internal business data & product analytics ● The design thinking process ● User-centered design ● Prioritization techniques ● Program management practices
  • 13. Step 1: Speak customer’s language & empathize ● What matters most to our users/customers? ○ Product speak: What are the user’s value drivers/levers? ● How does the user perceive and define the problem? For what users/customers is it a problem? ○ What are the use cases? Who are the target user personas? ○ What is the user experience? ○ What are the pain points? Where could we deliver the most value? ○ What are the target outcomes? ● What do users/customers use today to solve the problem? What are the gaps? ○ What is the current user journey? ○ What is the competition? ○ Where are the opportunities? ○ What are other parts of the user’s ecosystem? Where are potential areas for interoperability and integrations?
  • 14. Step 2: Map position, strengths, differentiation - Hypothesis ● Are there others with the same or similar problem? ○ Product speak: What is the market size? ○ What are our potential customer segments? ● Where and when can we capture the most ROI? ○ What are our value drivers/levers we can impact by solving this use case? New revenue? Customer retention? ● What is so compelling about our team/company unique ○ What can be our position? What is our differentiation? ● How much of a ROI does a user need to try a solution? ○ What is the barrier to entry? Get high-level understanding of willingness-to-pay. ○ Who are the target buyer personas?
  • 15. What I did: Study existing data Customer value + Customer value ++ Customer value +++ Customer value ++ Strengths set 1 Strengths set 2 Strengths set 3 External data ● Industry trends ● Market size ● Competitive analysis Internal data ● Product usage analytics ● Sales pipeline ● Win-loss analysis ● Feature requests Question: Is this problem worth pursuing & creating initial roadmap for? + Answer: Hypothesis - Yes, because of alignment between customer value drivers, target personas’ needs + our core competencies, differentiating capabilities, and business goals. Start here Grow here Analysis:
  • 16. Great, we have a hypothesis… now what? What would you do next?
  • 17. Step 3: Design thinking & user-centered design ● Primary research ● Talk to actual users & customers ○ Ideal: partner with users throughout process. ○ Ideal: partner with advocates, strategic accounts, target personas/customer segments, power users who also may be biggest critics. ● Divergent & convergent thinking Author/Copyright holder: Paris-Est d.school at Ecole des Ponts . Copyright terms and licence: CC BY-SA 4.0. Interaction Design Foundation.
  • 18. What I did: Aggressively iterate & gather new data ● Partner with: ○ GTM teams to identify users and customers to engage. ○ Design for research, discovery, & analysis. ○ Engineering for high level feasibility discussions and questions. ○ Champion users/customers for continuous feedback. ● Iterate on: ○ Hypothesis > leading to an initial vision statement/product positioning statement. ○ Understanding of pain points, personas, and opportunities (journey maps). ○ Design concepts.
  • 19. Journey maps (1) the persona (“who”) (2) the scenario (“what”) (3) phases (4) actions (identify “pain points”) (5) thoughts (identify “pain points”) (6) emotions (identify “pain points”) (7) opportunities (based on “pain points” & customer ‘value drivers”) (8) internal ownership https://www.nngroup.com/articles/customer-journey-mapping/
  • 20. Personas Persona: Goal: [What is persona trying to accomplish? Roles & responsibilities] Information: [What data does persona need to accomplish goal?] Actions: [What does persona do?] Impact: [What are value drivers/benefits of accomplishing goal?] Remember! There can be many types of personas: ● User ● Buyer ● Negative/Exclusionary (“Naysayer”) ● Primary ● Secondary
  • 21. Design concepts Low fidelity sketches > High fidelity UI designs Divergent > Convergent Questions generate ideas, variety of insights > Facts provide clarity, answers http://iwataasks.nintendo.com/interviews/#/wiiu/miiverse2/0/0 Kits by StickyJots https://www.invisionapp.com/inside- design/low-fi-vs-hi-fi-prototyping/ https://www.invisionapp.com/inside- design/wireframe-examples/
  • 22. Define the Product & Roadmap: Let’s prioritize! So many ways...your thoughts?
  • 23. Step 4: Hypothesis > Vision: Product Positioning Statement My format: For [persona] who needs to [address need/accomplish outcome], [product name] is a [product description/definition] that [provides key customer benefit(s)]. Unlike [primary alternative/competitor], [product name] is [key differentiators]. Tips: ● Be specific! ● Make it measurable! ● This is your product vision. Therefore, everything afterwards should be based on this.
  • 24. Step 5: Prioritization ● What exactly are we building? ● Sometimes even more importantly: what are we not building? ● Why? ● Many ways! Use one that exists, combine, or create your own. https://hygger.io/blog/4-powerful-factors-rice-scoring-model/ https://foldingburritos.com/product-prioritization-techniques/
  • 25. My Example - RICE Potential customers Timing of deals/ customer purchases Rev potenti al Comp position (if we build) Custom er Reach (R) (1-10) Custom er Impact (I) (1-10) Confidence (C) (%) Dev effort + complexity (E) (3 = S, 6 = M, 10 = L) Mktg effort (M) (1- 5) CS effort (1-5) (CS) Total effort (E+M +CS) Score (R*I*C)/ E Prod A Feature/ feature set 1 Lead 6 8 100% 3 2 2 7 16 Feature/ feature set 2 Lead 5 6 50% 2 2 2 6 8 Feature/ feature set 3 Parity 8 5 100% 2 2 2 6 20 ● Captures customer value, likelihood, and effort. ● More quantitative/data-driven. ● Great to expand across roadmap & more functions. ● Can incorporate t-shirt sizing or points sizing. ● Must ensure everyone understands cutoffs for scores.
  • 26. My Example - MoSCoW M ust have S hould have C ould have W on’t have ● Works well for agile teams. ● Works for well with t-shirt sizing or points sizing used by engineering teams. ● Can be used for easy grouping into MVP (minimum viable product), MLP (minimum lovable product), MMP (minimum marketable product), etc. ● Possibility of not being data driven enough - PMs must make conscious effort to define and communicate criteria for each category. ● Can be confusing about duration of time period during which a requirement stays in a specific category.
  • 27. What I did: Simplify, simplify, simplify ● ~20 potential features > 8 features categorized into 3 distinct feature sets ● Each feature set defined with separate: ○ Releases ○ Personas ○ Detailed use case(s) ○ Target customer outcomes ○ Target success metrics
  • 28. Part 2: Execution: The evolution from Vision > Build > Adoption
  • 29. Step 6: Translate customer pain, product vision to whole team ● Communication ○ Clear, simple, concise ○ Consistent with defined user problem and product vision: user-centric ● Data-driven decision-making ○ Quantitative (ROI, value calculations, metrics) ○ User’s language & feedback (pain points, stories) ● Bias to action ○ Proactive ○ Iterative ○ Remove blockers quickly and test hypotheses/assumptions quickly ● End-to-end development lifecycle ○ Define & design > Build & test > Enable & train > Market > Sell > Measure customer adoption ○ Roles & responsibility within organization
  • 30. What I did: Follow through, stay detail-oriented & consistent ● Cross-functional project management ○ Kick-off ○ Bottoms up estimation ○ Weekly syncs with release leads from each function ● Detailed requirements & sprint planning ○ At least one pager/mini-Product Requirements Document (PRD) ○ Thorough user stories with clear acceptance criteria and prioritization ○ User stories defined at least 2 sprints, estimated at least 1 sprint in advance ○ Epics for release/feature set defined at least 1 release in advance ● Quality & testing ○ Internal ○ External beta ● GTM enablement ○ Target use cases and outcomes ○ Target user and buyer personas ● Definition & measurement of success metrics ○ Relate to target outcomes, value drivers, and business goals ○ Define primary workflows and target usage metrics ○ Measure baseline
  • 31.
  • 32. 40% of existing customer base Adopted within first 3 months “Kudos to whoever dreamt this up!” “Great, a big step forward.”
  • 33. www.productschool.com Part-time Product Management Training Courses and Corporate Training

Notas del editor

  1. If you’re interested to connect with other Product Managers, aspiring PMs, or those within tech, join our Slack community of over 40,000 professionals. It’s a great place to network and to find interesting content. We host a weekly AMA through our Slack channel on Tuesdays from 11:15am - 12pm PST. We have also recently launched the Job Portal where you can find the latest Product Management opportunities! As members of the Product School community, we'd like to provide you with these resources at your disposal.
  2. Product School’s Product Management Certificate Path comprises of 3 part-time courses for professionals with strong technical or business background who want to further explore Product Management at software-based companies. During Product Management Training you will first learn Product Management fundamentals to understand the software product lifecycle and what it takes to successfully transition into a product management role. You’ll then be trained to retrieve data, understand its value and make impactful decisions with SQL, data visualization and Tableau. Learn to understand your users to deliver exceptional UX/UI design and develop a robust digital marketing plan. During the Full Stack Product Management Training, you will deep dive into the technical knowledge to enhance your ability to work with agile teams. Finally, Product Leadership Training will elevate your product knowledge to become an effective Product Leader. You'll do an in-depth analysis on how to implement best PM practices on a strategic level to significantly impact your company’s portfolio and revenue. Learn the soft skills to manage product teams and manage stakeholders to deliver performing products.
  3. As well as individual courses we provide corporate training across the world! If you’d like to upskill your product team this is the best option for you. We have trained employees from multiple companies such as Deloitte, Salesforce, JP Morgan, Bank of America amongst many other companies across all industries.
  4. Tonight's talk is “ [TITLE] ” with [NAME]. Welcome, [NAME].
  5. Feel free to speak with me and I can point you in the right direction (explain where to apply). Or you can visit www.productschool.com Have a good night!