Prodg - The Product Management SIG of IIM Nagpur

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Product Management 101: Unraveling the PM Journey!
PRODG, IIM Nagpur, recently hosted an incredible guest session that left us all inspired and enlightened!💡

We had the privilege of welcoming two exceptional industry leaders:
➡️Kunjal Rupala (PM at Zelthy and Co-founder at Pegasus)
➡️Aagam Mehta (PM at yellow.ai and Co-founder at Pegasus)

Their insights have undoubtedly ignited a spark of inspiration within each attendee.

Stay tuned for more exciting sessions and opportunities to grow as product management enthusiasts with PRODG!✨

Greetings from PRODG! 🚀

Imagine your product's guiding principle. That one statistic, the *North Star metric* in product management, is the one that best captures the essence of your product's success and core values. It is measurable, actionable, and aligns your team. For your product to succeed, selecting the ideal North Star depends on your value proposition and target market.

Greetings from PRODG! 🚀

Product managers utilize the CIRCLES framework to craft intentional, customer-centric product designs. It facilitates the identification of consumer needs and the development of new products accordingly, while also aiding in the integration of supplementary features into existing products.

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The AARRR framework, or Pirate Metrics, serves as a strategic roadmap for businesses aiming to optimize client acquisition and retention. It outlines five key stages, each representing a critical phase in the customer journey: Acquisition, Activation, Retention, Revenue, and Referral.

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The RICE scoring model is a prioritization framework designed to help product managers determine which products, features, and other initiatives to put on their roadmaps by scoring these items according to four factors. RICE stands for Reach, Impact, Confidence, and Effort.

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A collection of metrics called the HEART framework is used in product management to assess and gauge a product's user experience. HEART stands for Happiness, Engagement, Adoption, Retention, and Task Success.

It is a methodology to improve the user experience (UX) of software. It helps a company evaluate any aspect of its user experience according to five user-centered metrics. To use this, a team will identify goals, signals, and metrics for each of HEART’s five categories.

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The waterfall model is a linear and sequential project management approach where phases such as requirements, design, implementation, testing, and deployment follow a strict, non-iterative order. Click on the link to read more!

Unlock the secrets of seamless product management with our debut series, 'Prodpedia.' 🚀 Elevate your product game with every episode.

The agile methodology is a software development methodology that aims to deliver better value to customers by using shorter development cycles while including constant revisions.

The team works on the software at each iteration or sprint together, including gathering requirement, development, testing, delivery, and feedback. Iterations or sprints in agile software development are usually 1 to 4 weeks, into which development work is broken. This makes things easier to manage, as it requires less planning.