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Created September 14, 2024 21:48
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Product Development Life Cycle
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Product_Development_Life_Cycle.md

Product Development Life Cycle

1. Understanding Product Vision & Discovery

  • Customer segment & problem statement
  • Overview of product
  • Potential risks & threat analysis

2. Define Objectives of MVP

  • Defining Customer experience
  • Product design with User Perspective
  • Potential Market for product
  • Customer On-boarding plans

3. Define Features & Functionality

  • Core features which add business
  • Identify functionalities dependencies
  • Defining Technology stack

4. Define User Stories with Personas

  • Defining different user personas
  • Charting various user stories
  • Determining the user journey
  • Potential pitfalls and risk mitigation

5. Sprint Zero

  • Create product backlog
  • Sprint planning & team formation

6. MVP Development

  • Create an iterative cycle
  • Timebox delivery every 2 weeks
  • Sprint tweaking on feedback
  • Sprint retrospection on feedback

7. Post Launch Analytics

  • Measuring Business Specific KPIs
  • Data-driven strategies to anticipate
  • Assess success rate & optimizing goals
  • Overall audit to increase sales

8. Traction Strategy

  • Assessing multiple channels to surpass
  • Massive user acquisition drive
  • Greater ROI channels identifying & optimizing
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