Stephanie's Study Guide - Agile Product Management, SAFe Agile Product Management (APM) 201 Q&A. Terms like:
coarse-grained level of product - Answer: description od a Product at the level that captures the Product essence - the information considered critical to develop and launch a winning pr...
Stephanie's Study Guide - Agile Product
Management, SAFe Agile Product
Management (APM) 201 Q&A
coarse-grained level of product - Answer: description od a Product at the level
that captures the Product essence - the information considered critical to develop
and launch a winning product
excel - Answer: v. To do well; to be better or greater than others.
eg: In which areas the product is going to excel?
Product value - Answer: The worth assigned to the product by the customer
Q: which needs will the product address?
What value does the product add?
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,feasible - Answer: reasonable; capable of being carried out
lock in customers - Answer: making it difficult or expensive for customers to
switch to another product
sources of revenue - Answer: sales and fees earned
target price - Answer: price based on customers' perceived value for the product
and the price that competitors charge
Q: what is the target price?
competitors - Answer: companies in the same industry that sell similar products
or services to customers
springboard - Answer: 1. An object used to power/spring a gymnast over
something.
2. a beginning from which an enterprise is launched
Unique selling point - Answer: Any aspect of a product that makes it stand out
form those offered by rival businesses,
Any aspect of or characteristic of a product that differentiates it from the
competition. Firms will often want to stress this in their marketing.
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, Product Vision - Answer: a brief statement of the desired future state that would
be achieved through the project initiative.
Pichler: The vision should communicate the essence of the future product in a
concise manner and describe a shared goal that provides direction but is broad
enough to facilitate creativity.
Should be: shared and unifying: people are connected, bound together by a
common aspiration; broad and engaging: goal that guides the development efforts
but leaves enough room for creativity, consensus driven goal; short and sweet:
less is more
consensus-driven approach - Answer: team works together to build a vision
around what they are building
yields - Answer: Makes, creates, produces; Arrow in chemical equation
overspecified - Answer: very complex
Pichler: resist the temptation to provide too much detail or to overspecify the
product. More functionality is discovered and captured in the product backlog as
the projekt progresses.
Elevator Pitch - Answer: Very concise presentation of an idea covering all of its
critical aspects, and delivered within a few seconds (the approximate duration of
an elevator ride)
identify your goal
explain what you do
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