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Product Management: Initial Product Strategy and Plan

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Product Management: Initial Product Strategy and Plan

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Gain insight into a topic and learn the fundamentals.
4.6

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Flexible schedule
2 weeks at 10 hours a week
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95%
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Gain insight into a topic and learn the fundamentals.
4.6

210 reviews

Beginner level

Recommended experience

Flexible schedule
2 weeks at 10 hours a week
Learn at your own pace
95%
Most learners liked this course

What you'll learn

  • Identify the product concept using tools and techniques

  • Perform a product external assessment and internal assessment and record your findings in a SWOT template

  • Analyze market and solution requirements and develop a market requirements document (MRD)

  • Develop a product roadmap and perform a financial analysis using a business case

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Assessments

12 assignments¹

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Taught in English

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There are 5 modules in this course

A Product Manager’s role in an organization is to drive product strategy development and implementation. They effectively engage with stakeholders to transform how an organization does business through high-impact product solutions.

This course will provide an overview of the Product Management Lifecycle. You will then learn about the Product Conceive and Plan phases in detail. You will discover tools and techniques used in product concept identification. In addition, you will acquire skills to work with SWOT analysis and the Product Concept document. The course also prepares you to establish a team and develop a project charter. Hands-on labs will help you practice working on market and solution analysis using a Market Requirement Document. You will also investigate a product business case and perform a financial analysis. Throughout this course, several product management experts will share their insights and experiences in product management. Practice quizzes and graded quizzes will test your knowledge. You will be able to apply the concepts learned in the course in a final project. This course is suitable for anyone who aspires to apply for product management jobs and understand various lifecycles used in product management, including agile. It does not require any prior degree.

You will begin the module with a quick review of the Product Management Lifecycle. The module then introduces the Product Conceive and Plan phases. You will then get an overview of the product concept identification process. Next, you will perform product external and internal assessment and record your findings in a SWOT template in a hands-on lab. In the next lesson, you will develop product strategy activities and options and learn the contents of the Product Concept document and how to gain approval of the document. Finally, you will attempt a quiz to practice everything you have learned in the module.

What's included

11 videos2 readings3 assignments2 discussion prompts9 plugins

11 videosTotal 57 minutes
  • Course Introduction6 minutes
  • Overview of the Product Management Lifecycle 5 minutes
  • Product Concept Identification 4 minutes
  • Expert Viewpoints: Product Identification6 minutes
  • Performing the Product Concept External Assessment 6 minutes
  • Performing the Product Concept Internal Assessment 5 minutes
  • Expert Viewpoints: Evaluating Strengths, Weaknesses, Opportunities, and Threats (SWOT)5 minutes
  • Product Strategy Options 4 minutes
  • Expert Viewpoints: Product Strategy Prioritization6 minutes
  • Product Concept Document 5 minutes
  • Expert Viewpoints: Gaining Product Concept Approval5 minutes
2 readingsTotal 8 minutes
  • Course Overview5 minutes
  • Module 1 Summary: Product Conception and Planning Overview 3 minutes
3 assignmentsTotal 50 minutes
  • Module 1 Graded Quiz: Developing Product Strategy Options and The Product Concept30 minutes
  • Practice Quiz: Product Internal and External Analysis10 minutes
  • Practice Quiz: Developing Product Strategy Options and The Product Concept10 minutes
2 discussion promptsTotal 10 minutes
  • Discussion Prompt: Product Concept Identification5 minutes
  • Discussion Prompt: Prioritizing Product Strategy Options5 minutes
9 pluginsTotal 105 minutes
  • Course Syllabus2 minutes
  • How to Make the Most from this Course5 minutes
  • Reading: Strengths, Weaknesses, Opportunities, and Threats (SWOT)5 minutes
  • Hands-on Lab: Perform a Product SWOT30 minutes
  • Reading: Prioritizing Product Strategy Options5 minutes
  • Reading: Product Concept Document Development Checklist3 minutes
  • Reading: Product Concept Document Approval5 minutes
  • Hands-on Lab: Develop a Product Concept Document45 minutes
  • Module 1 Glossary: Developing Product Strategy Options and The Product Concept5 minutes

You will begin the module with an overview of the product management team and team-building challenges a Product Manager may face. A team building checklist identifies key requirements to effectively build a team. This segment ends with a brief review of a common team-building model named the Tuckman Ladder. Next, the module describes the Project Charter concept, shares an example, and walks you through the contents of the Project Charter. You will create a Project Charter in a hands-on lab. You will identify the goals and questions that need to be addressed when conducting a marketing investigation and perform a quick review of personas. You will learn how to perform a competitive analysis. This will be followed by an introduction to the Market Requirements Document (MRD). Subject Matter Experts (SME) will share insights on the concepts learned in the module. A practice quiz at the end of each lesson will test the concepts learned in the module. A graded exam at the end of the module will further test your knowledge.

What's included

10 videos1 reading3 assignments2 discussion prompts7 plugins

10 videosTotal 50 minutes
  • Establishing the Team 4 minutes
  • Expert Viewpoints: Building the Team6 minutes
  • Screencast Video: Project Charter Contents 4 minutes
  • Expert Viewpoints: The Product Management Project Charter6 minutes
  • Market Investigation Overview 4 minutes
  • The Market Problem and Competitive Analysis 4 minutes
  • Expert Viewpoints: The Competitive Analysis6 minutes
  • Market Requirements Document (MRD) 4 minutes
  • Solution Investigation 6 minutes
  • Expert Viewpoints: Solution Investigation 6 minutes
1 readingTotal 5 minutes
  • Module 2 Summary: Product Concept Identification5 minutes
3 assignmentsTotal 50 minutes
  • Module 2 Graded Quiz: The Product Conceive Investigation Phase—Team, Charter, Market, and Solution Analysis 30 minutes
  • Practice Quiz: Investigation Phase: Establish the Team and Develop Initial Project Charter 10 minutes
  • Practice Quiz: Investigation Phase: Perform Market Investigation and Investigate the Solution 10 minutes
2 discussion promptsTotal 10 minutes
  • Discussion Prompt: Building the Team5 minutes
  • Discussion Prompt: Review Personas5 minutes
7 pluginsTotal 128 minutes
  • Reading: Building the Team Checklist5 minutes
  • Reading: The Tuckman Ladder5 minutes
  • Reading: Developing the Initial Project Charter5 minutes
  • Hands-on Lab: Develop an Initial Project Charter60 minutes
  • Reading: Review Personas3 minutes
  • Hands-on Lab: Develop a Market Requirements Document45 minutes
  • Module 2 Glossary: The Product Conceive Investigation Phase—Team, Charter, Market, and Solution Analysis 5 minutes

You will begin the module with a summary of marketing feedback goals and what the Product Manager can likely expect in terms of responses. You will then define the Product Vision, and the importance of developing a value proposition to effectively position your product. Next, you will learn how to create a preliminary launch strategy and identify product risks. The next lesson will share updates that are required to the Initial Project Charter and ideas on the importance of this document. You will identify the purpose and contents of a Product Business Case. In a hands-on lab, you will develop a Business Case. Subject Matter Experts (SME) will share insights on the concepts learned in the module. A practice quiz at the end of each lesson will test the concepts learned in the module. A graded exam at the end of the module will further test your knowledge.

What's included

9 videos1 reading3 assignments2 discussion prompts5 plugins

9 videosTotal 41 minutes
  • Market Feedback 3 minutes
  • Expert Viewpoints: Market Feedback 5 minutes
  • Develop the Product Marketing Strategy 4 minutes
  • Create a Preliminary Launch Strategy 4 minutes
  • Expert Viewpoints: Risk Management 6 minutes
  • Overview of Project Charter 3 minutes
  • Create a Preliminary Business Case 3 minutes
  • Expert Viewpoints: Product Business Case Development 6 minutes
  • Expert Viewpoints: Exiting the Conceive Phase 5 minutes
1 readingTotal 4 minutes
  • Module 3 Summary: Product Concept Investigation4 minutes
3 assignmentsTotal 50 minutes
  • Module 3 Graded Quiz: Product Concept Investigation30 minutes
  • Practice Quiz: Investigation Phase: Obtain Market Feedback and Develop a Marketing Strategy 10 minutes
  • Practice Quiz: Updating the Project Charter and Developing the Initial Product Business Case10 minutes
2 discussion promptsTotal 10 minutes
  • Discussion Prompt: Product Vision5 minutes
  • Discussion Prompt: Project Charter5 minutes
5 pluginsTotal 76 minutes
  • Reading: The Product Vision5 minutes
  • Reading: Business Case Format5 minutes
  • Reading: Exiting the Conceive Phase3 minutes
  • Hands-on Lab: Develop a Preliminary Business Case60 minutes
  • Module 3 Glossary: Product Concept Investigation3 minutes

Module 4 introduces the Plan Phase of product management. This module discusses the Product Manager’s role, and key activities, including planning, marketing, and business case updates. You will learn the components and develop a Product Roadmap in a hands-on lab. You will discover the components and how functional plans support the development plan. You will determine the required updates to the marketing and launch strategies and perform the financial components of a business case in a hands-on lab.

What's included

8 videos1 reading2 assignments1 discussion prompt7 plugins

8 videosTotal 44 minutes
  • Plan Phase Activity Groups 3 minutes
  • Expert Viewpoints: Product Planning 8 minutes
  • Screencast Video: Illustrate a Product Roadmap 4 minutes
  • Expert Viewpoints: Product Roadmaps6 minutes
  • Creating the Product Development Plan 4 minutes
  • Expert Viewpoints: Development Planning 6 minutes
  • Marketing Plan Activities3 minutes
  • Screencast Video: Illustrate Key Financial Components of a Business Case 10 minutes
1 readingTotal 5 minutes
  • Module 4 Summary: Product Plan Phase 5 minutes
2 assignmentsTotal 40 minutes
  • Module 4 Graded Quiz: Product Plan Phase 30 minutes
  • Practice Quiz: Product Plan Phase Introduction 10 minutes
1 discussion promptTotal 5 minutes
  • Discussion Prompt : Product Planning5 minutes
7 pluginsTotal 103 minutes
  • Introduce the Plan Phase of Product Management5 minutes
  • Reading: Product Definition Activities10 minutes
  • Hands-on Lab: Develop a Product Roadmap45 minutes
  • Reading: Functional Plans3 minutes
  • Reading: Business Case Updates5 minutes
  • Hands-on Lab: Complete a Financial Analysis30 minutes
  • Module 4 Glossary: Product Plan Phase 5 minutes

In this module, you will explore the final projects used to test a learner's comprehension of the course material. The learners’ peers evaluate these final projects in a peer review assignment. You will discover the basics of peer reviews, including how to set up the rubrics and grading.

What's included

2 readings1 assignment1 peer review1 plugin

2 readingsTotal 6 minutes
  • Congratulations and Next Steps 2 minutes
  • Thanks from the Course Team 4 minutes
1 assignmentTotal 60 minutes
  • Final Graded Exam 60 minutes
1 peer reviewTotal 60 minutes
  • Final Project: Rubric and Submission60 minutes
1 pluginTotal 120 minutes
  • Hands-on Lab: Final Project120 minutes

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Instructors

Instructor ratings
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SkillUp
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SkillUp
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Learner reviews

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  • 4 stars

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Showing 3 of 210

JB
·

Reviewed on Dec 30, 2024

Very logical information, but the tests sometime utilize information from the next module.

CA
·

Reviewed on Dec 30, 2024

The course was very challenging, however it laid the foundation of the responsibilities for a product manager to do his/her job.

S
·

Reviewed on Dec 2, 2024

The course content was comprehensive and well-structured, making complex topics easy to understand.

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.