Risks are analyzed upfront by strong teams
- Value risk (will customers buy it)
- Usability risk (will customers know how to use)
- Feasibility risk (will engineering deliver)
- Business viability risk (will it make $)
Product teams should be:
- Cross functional from day one: product, design and engineering working together
- Mercenaries VS missionaries: build what is told VS think about what to do
- Co-located
- Durable (hang around for the long run)
Characteristics of a PM role
- Understand your customer (qualitative and quantitative)
- Understand data
- Understand your business (stakeholders)
- Understand your industry (competitors, trends, domain knowledge)
OKR process - Objective and Key results
Objective - qualitative
Key result - quantitative
Teams propose key results, no more than 3 per time, company wide scoring criteria