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Product Life Cycle: How to Extend Your Product Market Presence

Altexsoft

Minimum Viable Product. Statistics show that 42 percent of startups fail because they don’t solve the product-market fit. Building a Minimum Viable Product helps avoid this problem by testing the product and tweaking it iteratively. KPI – Indicators to trace at the entry level.

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How to Run Product Discovery: Process, Frameworks, and Best Practices

Altexsoft

But, competition didn’t kill the smartphone, Amazon did, reporting a $170 million loss associated with Fire Phone, ceasing its production year later. Long story short, the Fire Phone became a prominent example of a product without a market. So, product development can be divided into two phases: discovery and delivery.

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Product Managers vs. Project Managers: Difference, Responsibilities, and KPIs

Altexsoft

Project manager runs the product development. Throughout the entire development stage, this person ensures that the project goes in line with the set budget and time frames. Product manager is responsible for market success. Estimate time, budget, and risks. Deliverables: test plan, test reports. Allocate roles.