Product Management: Initial Product Strategy and Plan
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Product Management: Initial Product Strategy and Plan
This course is part of multiple programs.
Instructors: Daniel C. Yeomans
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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
Skills you'll gain
- Product Lifecycle Management
- Team Building
- Product Development
- Agile Product Development
- Marketing Planning
- Project Planning
- Product Planning
- User Requirements Documents
- Financial Analysis
- Product Roadmaps
- Competitive Analysis
- Market Analysis
- Product Strategy
- New Product Development
- Product Requirements
- Business Planning
- Project Documentation
- Product Management
Details to know
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- Gain a foundational understanding of a subject or tool
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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 videos•Total 57 minutes
- Course Introduction•6 minutes
- Overview of the Product Management Lifecycle •5 minutes
- Product Concept Identification •4 minutes
- Expert Viewpoints: Product Identification•6 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 Prioritization•6 minutes
- Product Concept Document •5 minutes
- Expert Viewpoints: Gaining Product Concept Approval•5 minutes
2 readings•Total 8 minutes
- Course Overview•5 minutes
- Module 1 Summary: Product Conception and Planning Overview •3 minutes
3 assignments•Total 50 minutes
- Module 1 Graded Quiz: Developing Product Strategy Options and The Product Concept•30 minutes
- Practice Quiz: Product Internal and External Analysis•10 minutes
- Practice Quiz: Developing Product Strategy Options and The Product Concept•10 minutes
2 discussion prompts•Total 10 minutes
- Discussion Prompt: Product Concept Identification•5 minutes
- Discussion Prompt: Prioritizing Product Strategy Options•5 minutes
9 plugins•Total 105 minutes
- Course Syllabus•2 minutes
- How to Make the Most from this Course•5 minutes
- Reading: Strengths, Weaknesses, Opportunities, and Threats (SWOT)•5 minutes
- Hands-on Lab: Perform a Product SWOT•30 minutes
- Reading: Prioritizing Product Strategy Options•5 minutes
- Reading: Product Concept Document Development Checklist•3 minutes
- Reading: Product Concept Document Approval•5 minutes
- Hands-on Lab: Develop a Product Concept Document•45 minutes
- Module 1 Glossary: Developing Product Strategy Options and The Product Concept•5 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 videos•Total 50 minutes
- Establishing the Team •4 minutes
- Expert Viewpoints: Building the Team•6 minutes
- Screencast Video: Project Charter Contents •4 minutes
- Expert Viewpoints: The Product Management Project Charter•6 minutes
- Market Investigation Overview •4 minutes
- The Market Problem and Competitive Analysis •4 minutes
- Expert Viewpoints: The Competitive Analysis•6 minutes
- Market Requirements Document (MRD) •4 minutes
- Solution Investigation •6 minutes
- Expert Viewpoints: Solution Investigation •6 minutes
1 reading•Total 5 minutes
- Module 2 Summary: Product Concept Identification•5 minutes
3 assignments•Total 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 prompts•Total 10 minutes
- Discussion Prompt: Building the Team•5 minutes
- Discussion Prompt: Review Personas•5 minutes
7 plugins•Total 128 minutes
- Reading: Building the Team Checklist•5 minutes
- Reading: The Tuckman Ladder•5 minutes
- Reading: Developing the Initial Project Charter•5 minutes
- Hands-on Lab: Develop an Initial Project Charter•60 minutes
- Reading: Review Personas•3 minutes
- Hands-on Lab: Develop a Market Requirements Document•45 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 videos•Total 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 reading•Total 4 minutes
- Module 3 Summary: Product Concept Investigation•4 minutes
3 assignments•Total 50 minutes
- Module 3 Graded Quiz: Product Concept Investigation•30 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 Case•10 minutes
2 discussion prompts•Total 10 minutes
- Discussion Prompt: Product Vision•5 minutes
- Discussion Prompt: Project Charter•5 minutes
5 plugins•Total 76 minutes
- Reading: The Product Vision•5 minutes
- Reading: Business Case Format•5 minutes
- Reading: Exiting the Conceive Phase•3 minutes
- Hands-on Lab: Develop a Preliminary Business Case•60 minutes
- Module 3 Glossary: Product Concept Investigation•3 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 videos•Total 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 Roadmaps•6 minutes
- Creating the Product Development Plan •4 minutes
- Expert Viewpoints: Development Planning •6 minutes
- Marketing Plan Activities•3 minutes
- Screencast Video: Illustrate Key Financial Components of a Business Case •10 minutes
1 reading•Total 5 minutes
- Module 4 Summary: Product Plan Phase •5 minutes
2 assignments•Total 40 minutes
- Module 4 Graded Quiz: Product Plan Phase •30 minutes
- Practice Quiz: Product Plan Phase Introduction •10 minutes
1 discussion prompt•Total 5 minutes
- Discussion Prompt : Product Planning•5 minutes
7 plugins•Total 103 minutes
- Introduce the Plan Phase of Product Management•5 minutes
- Reading: Product Definition Activities•10 minutes
- Hands-on Lab: Develop a Product Roadmap•45 minutes
- Reading: Functional Plans•3 minutes
- Reading: Business Case Updates•5 minutes
- Hands-on Lab: Complete a Financial Analysis•30 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 readings•Total 6 minutes
- Congratulations and Next Steps •2 minutes
- Thanks from the Course Team •4 minutes
1 assignment•Total 60 minutes
- Final Graded Exam •60 minutes
1 peer review•Total 60 minutes
- Final Project: Rubric and Submission•60 minutes
1 plugin•Total 120 minutes
- Hands-on Lab: Final Project•120 minutes
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Reviewed on Dec 30, 2024
Very logical information, but the tests sometime utilize information from the next module.
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.
Reviewed on Dec 2, 2024
The course content was comprehensive and well-structured, making complex topics easy to understand.
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