product_management.pdf

The State of Technology

Product Management

John Milburn [email protected]

About Pragmatic Marketing

� Experts in technology product management and

product marketing

� Specialize in training and consulting

� Trained tens of thousands of people at

thousands of companies since 1993

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Pragmatic Marketing Framework™ S

T R

A T

E G

Y E

X E

C U

T IO

N

The market-driven

model for managing

and marketing

technology products

Format for Tonight

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� I’ll present 4 of today’s common problem areas for

Technology Product Management

� I’ll share some examples of companies (without their

names�..) that are experiencing them

� I’ll propose some approaches and conclusions

� We’ll open it up for discussion

� 4. For as long as I have material, -or- we run out of

time4..

Common Problem Areas

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1. Project/Customer vs. Product/Market

2. “Solutions” vs. Products

3. Infrastructure Management vs. Product

Management

4. Waterfall Management with Agile Development

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Project/Customer vs.

Product/Market

Only build solutions for

problems that are urgent,

pervasive and that the

market will pay to solve.

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Customers (n=1)

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Michael Treacy & Fred Wiersema

Discipline of Market Leaders

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Large “Big Data” firm recently acquired by an

Equity Investment Firm

Automobile/travel software company

Startup networking services provider

Federal hardware provider

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RECOGNITION of

� Corporate trends and/or objectives

� Market differentiation may be your N=1 capabilities

It is very hard for a single PM to be both project/near

term revenue driven and product/strategic driven

Longer term value will be created with products

� The value of a project company are the people and the

contracts (Value “multiplier” is close to 1)

� The value of a product company is the repeatable revenue

streams (Value “multiplier” can be 10-20x)

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“Solutions” vs.

Products

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S T

R A

T E

G Y

E X

E C

U T

IO N

Market

Problems

S T

R A

T E

G Y

E X

E C

U T

IO N

15

What Market Problems does your “Solution”

solve?

Market

problems

Product

#1 Product #2

Product #3

Product #1 Product #3Product #2

Infrastructure

“Solution”

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Solutions

Product

B u

sin e

ss P la

n

Product

P o

sitio n

in g

B u

y in

g P

ro ce

ss

R e

q u

ire m

e n

ts

M a

rk e

tin g

P la

n

Product

Business Plan Positioning Buying Process Requirements Marketing Plan

B u

sin e

ss P la

n

P o

sitio n

in g

B u

y in

g P

ro ce

ss

R e

q u

ire m

e n

ts

M a

rk e

tin g

P la

n

B u

sin e

ss P la

n

P o

sitio n

in g

B u

y in

g P

ro ce

ss

R e

q u

ire m

e n

ts

M a

rk e

tin g

P la

n

Infrastructure

Business Plan Positioning Buying Process Requirements Marketing Plan

17

$2B technology parts provider

International travel services provider

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Solutions Management (aka Portfolio, Product Line) is

not a part time role

� Should not just be the Director of PM

� Should be defined by the Market, not the Technology

Solutions must be based on, and explicit about what

“Outside in” Market Problems they solve

Biggest issue is the “Governance Model” – who wins

when there is a conflict

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Infrastructure

Management vs.

Product

Management

20

Solutions

Product

B u

sin e

ss P la

n

Product

P o

sitio n

in g

B u

y in

g P

ro ce

ss

R e

q u

ire m

e n

ts

M a

rk e

tin g

P la

n

Product

Business Plan Positioning Buying Process Requirements Marketing Plan

B u

sin e

ss P la

n

P o

sitio n

in g

B u

y in

g P

ro ce

ss

R e

q u

ire m

e n

ts

M a

rk e

tin g

P la

n

B u

sin e

ss P la

n

P o

sitio n

in g

B u

y in

g P

ro ce

ss

R e

q u

ire m

e n

ts

M a

rk e

tin g

P la

n

Infrastructure

Business Plan Positioning Buying Process Requirements Marketing Plan

21

Large Midwest healthcare software firm

� Director of Applications

� Director of Infrastructure

Large systems vendor

� Public Cloud offering

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For infrastructure management, it may be better to

have only a Product Owner (a’la Agile), and not a

Product Manager

� Business Plan will always be negative; Marketing is minimal

� Someone needs to overlay Development and interface with

the other groups

Infrastructure funding justification should come from

the Solution ~or~ for Cost Savings/Internal Efficiency

One “process” does not fit all projects

23

Waterfall Management

with

Agile Development

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Product

Roadmap Build / Test

System

Test

Business

Plan

Business

Gate

Waterfall Planning

LAUNCH

Release

Gate

Marketing

Plan Launch

Plan

Master Requirements List

Goals / Themes

Requirements Project

Plan

Design

Spec

Start

Gate

Market Requirements Document

Market Requirements Table

25

Product

Roadmap Build / Test

System

Test

Business

Plan

Business

Gate

Waterfall Planning - Accountability

LAUNCH

Release

Gate

Marketing

Plan Launch

Plan

Master Requirements List

Goals / Themes

Requirements Project

Plan

Design

Spec

Start

Gate

Market Requirements Document

Market Requirements Table

-- Product Manager

-- Development

-- Product Marketing Manager

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Product

Roadmap

Business

Plan

Business

Gate

Agile Planning

Marketing

Plan

Launch

Plan

Product Backlog

Release Backlog

User Stories

Overall Project

Plan

Arch /Design

Start

Gate(s)

Release

Gate

LAUNCH

System

Test

Sprint Backlogs

Build(s) Sprint

Test(s) Sprint

Plan(s)

Demo(s)

Burnups /

Burndwns

27

Product

Roadmap

Business

Plan

Business

Gate

Agile Planning - Accountability

Marketing

Plan

Launch

Plan

Product Backlog

Release Backlog

User Stories

Overall Project

Plan

Arch /Design

Start

Gate(s)

Sprint Backlogs

Build(s) Sprint

Test(s) Sprint

Plan(s)

Demo(s) Release

Gate

LAUNCH

System

Test

-- Product Manager

-- Product Owner

-- Development

-- Product Marketing Manager

Burnups /

Burndwns

28

Innovation Competitive

Landscape

Technology

Assessment

Lead

Generation

Thought

Leadership

Referrals &

References

Launch

Plan

Use

Scenarios

Requirements

Status

Dashboard

Product

Roadmap

Presentations

& Demos

Event

Support

“Special”

Calls

Channel

Support

Channel

Training

Sales

Process

Collateral

Sales

Tools

BusinessMarket ProgramsPlanningStrategy SupportReadiness

S tr

a te

g ic Ta

ctica l

BusinessMarket ProgramsPlanningStrategy SupportReadiness

S tr

a te

g ic Ta

ctica l

Pragmatic Marketing Framework™

Marketing

Strategy

Technical

29

Innovation Competitive

Landscape

Technology

Assessment

Lead

Generation

Thought

Leadership

Referrals &

References

Launch

Plan

Use

Scenarios

Requirements

Status

Dashboard

Product

Roadmap

Presentations

& Demos

Event

Support

“Special”

Calls

Channel

Support

Channel

Training

Sales

Process

Collateral

Sales

Tools

BusinessMarket ProgramsPlanningStrategy SupportReadiness

S tr

a te

g ic Ta

ctica l

BusinessMarket ProgramsPlanningStrategy SupportReadiness

S tr

a te

g ic Ta

ctica l

Pragmatic Marketing Framework™

User

Acceptance?

Always

Available?

User Stories?

Use Cases?

UI Design?

Functional

Design?

Iteration

Planning

30

Management demands a Business Plan, even for Agile

projects

But, management must be willing to accept that

there are unknowns (else we pad #’s and just lie…)

It is healthy to kill an occasional project after it has

already been funded and started

Clarity and staffing of Roles (PM, PO, PMM) is

causing more of a void in Market Sensing activities