Lean methodology for product development

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PRACTICAL GUIDE ON HOW TO APPLY THE LEAN METHODOLOGY FOR PD

Transcript of Lean methodology for product development

PRACTICAL GUIDE ON HOW TO APPLY THE

LEAN METHODOLOGY FOR PD

Hello!I am Billy

I am a Product Manager at a game technology startup.

You can find me at:@BilyanaVachevahttps://productmanageronthego.wordpress.com/

WHAT IS LEAN PRODUCT

DEVELOPMENT?

IDEA

BUILD

CODEDATA

MEASURE

LEARN

Minimize time

Assume nothing! Test everything and apply what you have learned to create a product

your target market needs.

➜ Investing time and resources in a “wrong product / feature”

➜ Failing to identify a prospective market segment

➜ Communicating a weak message to prospective clients

➜Underprice / Overprice your product

WRONG ASSUMPTIONS LEAD TO :

➜Design a hypothesis➜Come up with an experiment which will

help you prove/ disprove the hypothesis➜Choose a metric for success➜Conduct the experiment➜Make conclusions➜Change your product or business model

HOW TO TEST YOUR ASSUMPTIONS?

EXAMPLEBased on my experience as a

PM

Problem I want to learn what the needs and problems of teams

working on mobile game UI are.How could I talk to them?

Hypothesis

Hypothesis 1

I believe that if I reach mobile game developers via Linkedin, they will provide me with feedback.

Hypothesis 2

I believe that if I reach mobile game developers via Email they will provide me with feedback.

Experiments

Experiment 1

Get in touch with 10 people via Linkedin and ask them to share their experience.

Experiment 2

Get in touch with 10 people via Email and ask them to share their experience.

50%

Response rate via email

DESIGN A MEANINGFUL

HYPOTHESIS AND A MEASURABLE

EXPERIMENT

“I believe that target group X will do Y, within a specific time range”

FOCUS ON VALIDATING HYPOTHESIS CRUCIAL FOR YOUR PRODUCT OR

BUSINESS!

CHOOSE A MEASURE FOR SUCCESS

Thanks!Any questions?

Get in touch:@BilyanaVachevahttps://productmanageronthego.wordpress.com/