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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. In practice, these can be a value understanding, or user personas, or a KPI.

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

Altexsoft

To make their planning more organized, a project manager creates process documentation – a set of standards, reports, metrics, schedules the team should adhere to during development. Such an approach improves the overall performance giving the engineering team more confidence in their further steps. Prepare process documentation.