Akansha Malara
@ProdInsightHub
Lead Project Manager at Nextera Energy | Passionate about renewable energy | ASU MBA Co'23 | Sharing PM tips and insights | #ProductManagement Enthusiast
People often confuse Project Management, Product Management, and Program Management, but each plays a unique role in achieving business objectives
Product Managers face 4 key risks: Value Risk: Will customers buy it? Usability Risk: Can users easily use it? Feasibility Risk: Can we build it? Business Viability Risk: Will it sustain our business? Mitigate these for successful product creation. #ProductManagement #Risk
Everyone knows MVP stands for Minimum Viable Product/Prototype. Emphasis here is on minimum—in the agile world, it's crucial to experiment ideas cheaply and quickly. To check product-market fit, create a simple prototype/MVP, not a full-blown product. #Agile #ProductManagement
What is Product-Market Fit? It's the smallest version of a product needed to address the needs of a specific market segment. A lot of product teams fail to achieve PMF but it is crucial for product success. #ProductManagement #ProductMarketFit #StartupSuccess
A Product Manager should bring deep knowledge about: a) Customer b) Data c) Business & its stakeholders d) Market & its trends This ensures well-rounded decision-making and impactful products. #ProductManagement #KnowYourMarket #CustomerInsight
🔍Segmentation in Product Design: Use Behavioral segmentation over demographic. For instance, you are asked to improve Instagram. Segment users by time spent: Heavy (>1hr/day), Moderate (>30 mins/day), and Light (0-30 mins/day) users. #ProductDesign #SegmentationStrategy
Truth: Half of our product ideas won't work. Even good ones need multiple iterations for real business value -@Cagan, Inspired. #ProductManagement #IterateToSucceed
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