Product Management (Midterm)

What is one tool that we did not discuss in class?

• Miro

• • Figma

• • JIRA

• • Mural

What is the meaning of the 'P' in FLOP?

• • Pivot

• • Pain

• • Premise

• • Problem

What does it mean to change the direction of a product or service to better align with market demand, explore new opportunities, or stay competitive?

• • Pausing

• • Framing

• • Pivoting

• • Peaking

What are the four stages of the product lifecycle?

• • Introduction, Development, Maturity, and Awareness

• • Introduction, Growth, Maturity, and Decline

• • Growth, Scale, Decline, and Drop

• • Discovery, Delivery, Communication, and Scale

What are the three big risks?

• • Usability, Desirability, Familiarity

• • Affordance, Alignment, Symmetry

• • Desirability, Feasibility, Viability

• • Design Thinking, Growth Hacking, RICE

When should you use Design Thinking?

• • To arrive at the right problem and value proposition for your product

• • To optimize and improve an existing product

• • To raise awareness through marketing about your product

• • To create requirements and manage a backlog

What is a retro in Agile SCRUM?

• • A type of product launch event with 80's music.

• • A brainstorming session for new feature ideas.

• • A financial report on product performance.

• • A meeting where the team reflects on recent work and identifies areas for improvement.

Select the most effectively framed problem statement.

• • Let's create a food recipe book.

• • How might we solve world hunger so that the world becomes a better place?

• • How might we create an AI-powered meal planner?

• • How might we help busy professionals eat healthier so they can have a more fulfilling lifestyle?

When should you set Objectives and Key Results?

• • When sprint planning

• • After conducting UAT

• • Before the start of the year or quarter

• • After a product release

What is the main difference between a wireframe and a prototype?

• • Wireframes are colourful and visually appealing, while prototypes are monochrome.

• • Wireframes focus on structure and layout, while prototypes are interactive and detailed.

• • Wireframes are used for final testing, while prototypes are created at the start of the design process.

• • Wireframes prioritize aesthetics, while prototypes emphasize functionality.