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Product Management Basics

Essential concepts and frameworks for product managers

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Flashcards (6)

Card 1

What is a Product Roadmap?

A strategic document that outlines the vision, direction, priorities, and progress of a product over time.
Card 2

What is a Minimum Viable Product (MVP)?

The simplest version of a product with just enough features to satisfy early customers and provide feedback for future development.
Card 3

What is the RICE prioritization framework?

Reach × Impact × Confidence / Effort. A method to score and prioritize features based on these four factors.
Card 4

What are OKRs?

Objectives and Key Results - a goal-setting framework where Objectives are qualitative goals and Key Results are measurable outcomes.
Card 5

What is a user persona?

A semi-fictional representation of your ideal customer based on research and data about existing customers.
Card 6

What is the difference between product metrics and business metrics?

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