Law of Diminishing Returns
A principle stating that as investment in a single area increases, the rate of return on that investment eventually decreases.
A principle stating that as investment in a single area increases, the rate of return on that investment eventually decreases.
Detailed descriptions of a product's features, functionality, and technical requirements, used to guide development and ensure all stakeholders are aligned.
Product Requirements is a document that outlines the essential features, functionalities, and constraints of a product.
Product Strategy is a framework that outlines how a product will achieve its business goals and satisfy customer needs.
An organization that places the product at the center of its operations, ensuring that all departments align their efforts to support product development and success.
The process of defining a product's objectives, strategy, and roadmap, ensuring alignment with market needs and business goals.
An agile methodology focused on delivering value to the customer through principles such as eliminating waste, amplifying learning, and delivering as fast as possible.
An evaluation process that assesses the effectiveness, efficiency, and alignment of product management practices and strategies with organizational goals.
Short for Product Operations, a function that supports product management teams by streamlining processes, managing tools, and ensuring efficient operations.