bhumikatewary

  Hello readers👋 Hope you all are doing well! Today I am not sharing something that you must learn. It is something that comes from practice. If you have covered all the aspects of Product then I am sure you must be applying to different jobs to gain experience. While applying to different opportunities you may have come across assignments (not a new frontier ik 😛). So, if you want to practice some problem statements that are/may be present in your application journey then do read this blog. Now, you can definitely find many problem statements on the internet named Take Home Product Assignments but the benefit of going through this blog is that I have curated these problems with a lot of research and analysis, it will be easier for you to practice without any wastage of time.  What do companies ask in an assignment? Companies generally want to check your basic capability of how you understand the problem and whether you can work according to the company's future goals. Look ...

Hello readers👋 Today we will learn about Product Requirement Document and how to write one. It is the most essential document that a product manager builds for a feature release and sometime updates due to resource changes. So, let's delve deep into this topic! Why Product Managers write PRDs? 1. To clearly articulate the problem/feature requirements that the product needs so that the team understands the "why" behind the development effort. 2. Keeps the stakeholders aligned with the product's vision, scope and requirements which keeps everyone focused on shared goals. 3. Helps to layout the use cases, user stories and detailed requirements to the developers and designers for product development. 4. Highlights which features/functionalities are in priority to ensure timely delivery. 5. Helps to capture user needs, pain points and workflows based on research to meet real user needs and provide better experience to the customers of the product. (user-centric design) 6....

Hello readers👋 I think you have heard about Jira, didn't you? If not then I guess you did not dive deep into product management 😶. Well, let me introduce you to Jira! Jira is a software developed by Atlassian that assists with planning, tracking, reporting and releasing of projects in Agile teams.  🔗 -  Jira The best way to learn Jira is by practicing. You can watch some beginner-level tutorials to understand the working -  Click here Why do we use Jira? Are there other alternatives? 1. Jira helps in Backlog Management - Backlogs of user stories, tasks and bugs are managed using Jira keeping in mind the priority of the issues generated. 2. Jira helps in Sprint Planning and Tracking - In agile, Jira helps in sprint planning by assigning tasks to sprints. This enables the product managers to monitor progress and whether tasks are completed on dedicated timelines. 3. Jira helps to build Reports and Analytics - Built-in reporting tools (like burndown charts and veloci...

Hello readers👋 Today we will learn about basic jargons used in Product Management. It is a continuation of my previous blog where I had discussed about a set of basic PM jargons. If you haven't read it here's the link - Basic Product Management Jargons - I PRD  - A Product Requirements Document (PRD) is a document which helps the development, design, marketing and sales team understand the requirements/ essential details for a product or feature. It is intended to help the team to deliver the specific needs of the target audience. Some key components of a PRD are - product overview, objectives and goals of the product/feature, Requirements, User Scenarios and Use Cases, Wireframes/Mockups, Dependencies and Constraints, Acceptance Criteria, etc. A PRD can be updated throughout the product development process. A/B Testing - Also known as split testing or bucket testing, this is a UX research method used to compare two versions of the same feature/product to check which one perf...

  Hello readers👋 Today we will learn about the basic jargons used in Product Management. As a PM you must know them thoroughly and I hope you will start using them after the end of this blog in your daily communications. North Star Metric - The NSM is the core value that your product delivers to your customers. By optimizing this metric, you can address long-term business success. Examples - For a SaaS product it is the DAU(Daily Active Users), For an E-commerce industry it can be the GMV (Gross Merchandise Value), For OTT platforms it can be the time spent by the subscriber, and many more. Churn Rate - It is the percentage of users who stop using your product after a certain period of time. There can be monthly/annual churn rates. Keeping this rate low is essential to keep the active customer base high.  Churn Rate = (Number of Customers Lost During a Period / Number of Customers at the Start of the Period) * 100 Agile - It is a project management or a product development...

  Hello readers👋 Today we will learn about one of the most interesting concepts of Product Management. I had talked about it in my previous blog as well, so if you have not read that do read it, you'll understand the terms more clearly. Link -  Agile Methodology A User Story is a brief description of a feature/ a product requirement that a user needs and how they can be met, written with the end user's perspective. Before writing a user story, we must know for/as whom (user persona) are we writing the user story. Empathy is also a key element while writing a user story.  Context and benefits are described Non-technical language Key tool for Agile and UI design Collaboration and creativity is present Better product delivery The team knows the what and why of the product Example - As a Uber Passenger I want to see several available drivers in my area So that I can choose the closest one to me. Benefit of User Story - Helps in breakdown of the process into smaller increm...

Hello readers👋 Today we will learn about the most used concept that you must have heard while surfing through product management resources. It is a very important and simple concept which will help you in the long run. Let me introduce you to the Agile Methodology! First let's see what is a waterfall model- You can imagine it as a huge application built with small chunks of code that is integrated together. Different parts of the application/code does different tasks like frontend, backend, DNS routes, etc. But the entire code is shipped as one whole application. This is the method we used back in the times and it was known as the monolithic application.   So if one part of the application was altered, it would disturb the entire application and sometimes there would be an error or system failure. Another linked problem of this method can be explained with an example - imagine a feature is been built and you want to deploy it on the app (production of the feature). Due to the st...