This is a guest post written by Monica Viggars
When it comes to successful product teams, there are many things to take into consideration - from skills and capabilities through to culture, relationships and process.
We believe that there are 7 key pillars to product team excellence and this is the first in a 7-part series that will take you through each of them, starting with Product Process.
Product Process can be thought of as the repeatable steps a team goes through to bring solutions to market. We tend to think of the process as broken up into 4 key areas: Goal-setting, discovery, delivery and lifecycle management. All are continuous processes that come into play at different stages of product development and all rely on teams being well-versed in the practices that sit behind them.
When it comes to Product Process, teams and businesses often face challenges when trying to get it right. When you’re working in a constantly evolving environment, your processes also need to evolve as your teams grow and change. It can also be hard to define product processes and put them into practice as much of their success depends on how people and teams interpret them.
It can be challenging to spot the symptoms of a team that isn’t performing at its best, and even more challenging to know how to solve for these.
Let’s take a look at each key area of Product Process, why it’s important, where things can go wrong and some practical tips to improve your teams’ ways of working.
When we think about goal-setting, we can define it as the process of setting objectives and measurable outcomes for product teams to focus on achieving in a given time period. Goals can be set quarterly, annually or more granularly per discovery or delivery phase.
Whether you opt for OKRs, SMART or something else, goals should always be aligned to the product strategy, focused on outcomes that provide value to the business and have clear success metrics to track against.
Setting the right goals is important for ensuring that product teams are continually delivering impact and value towards your longer-term vision and strategy.
Goal-setting exercises are not only an opportunity to agree what the team will be working towards, but also what is out of scope, helping to bring clarity and focus to product teams’ work.
Having clear goals also gives product teams a purpose and sense of accountability for their work, as well as ensuring that they have the space to validate the best problems and opportunities to solve for.
There are many pitfalls when it comes to goal-setting, but some of the most common relate to lack of collaboration, alignment and data input as well as not understanding the difference between outputs and outcomes. Here are some of the ways that things can go wrong when it comes to goal-setting:
The goal of discovery is to validate and prioritize opportunities according to the greatest impact, aligned to product vision, strategy and goals.
The discovery process has many parts including user research, drawing insights from data, ideation and experimentation through prototyping and live testing. The results of this process should then feed into the delivery track of work where validated items can be worked on.
Without product discovery, it is very difficult to know which opportunities to invest in that will add value and have impact for your customers and the business.
Many companies take a “solution-first” approach - building any solution means investment of time, money and effort. Good product discovery practices help to increase the confidence of delivering the right things and reduce the risk of delivering something that no customer wants to buy or use.
Giving product teams space and accountability to find the right solutions to customer and business problems is also very empowering and can aid morale and collaborative ways of working.
The main way things can go wrong here is for there to be an absence of product discovery altogether! That often looks like product teams just delivering what stakeholders or leadership asks them to, without taking the time to validate the ideas and opportunities first. If product teams are doing discovery work, these are some of the common pitfalls to look out for:
When it comes to delivery, we like to think of this as releasing solutions in the shortest time possible that add value and align with the product and business strategy
Once the hard work of product discovery is done, your product teams are ready to start putting working software in customers’ hands. Like discovery, delivery is a continuous process rather than a one time exercise, to ensure that you have a steady stream of value being added.
There are 2 main reasons why delivery is important to get right - the first is all about realizing value to customers and ultimately to your business. It’s also important to note that delivery isn't a one-time exercise. Continuously improving your products and services will ensure that you can retain customer engagement, revenue and other important measurables over time.
The second reason is more around maintaining the performance of your products and services. Delivery isn’t always just about putting a new shiny thing out into the world, sometimes it’s about making sure that bugs get fixed, tech debt gets resolved and your products continue to run smoothly. Less glamorous, we know, but important nonetheless!
As with the Discovery process, there are also some pitfalls to watch out for when it comes to delivery. Here are some of the most common ones to look out for:
There are 3 core elements to consider when thinking about lifecycle management - evaluating, optimizing, and sunsetting parts of your product or portfolio. All of these processes occur after an initial release of a product or feature has happened.
Evaluation is all about monitoring data for performance on live products or features - this could be for engagement, retention, revenue or other key indicators.
Optimizing is what you then do with the information from evaluation - this could be iterating on a live product or feature to add further value, for example.
Sunsetting is what happens when a product or feature is at the end of its tenure and you need a plan in place to close it down.
Evaluation and optimizing are important parts of the lifecycle management process because they help ensure that product teams are continuously maximizing value to your customers and the business.
Monitoring data and customer feedback all contribute to the ability to iterate on products and features, as well as ensuring that they are not draining time, effort or money in a negative way for the business. If you realize that you are no longer receiving return on investment on your products, then a decision can be made to close them down and a plan put in place for customers and stakeholders.
The pitfalls of lifecycle management range cover a number of things, including issues with monitoring and performance as well as communication when it’s time to sunset a product or feature. Here are some of the most common ways that things can go wrong:
Overall, there is a lot to consider when thinking about the product process - and the many ways things can go wrong! Hopefully we have provided some useful tips here to help you on your journey as a product leader.
If you would like to work with our expert product coaches on improving your product team’s performance, book a call to have a chat and see how we can help.
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