- Product lifecycle
- The progression of a product through four stages — introduction, growth, maturity, and decline — each requiring different management strategies.
- Product roadmap
- A prioritized, time-based plan showing which product features or capabilities will be built and when.
- Minimum viable product (MVP)
- The smallest version of a product that delivers enough value to attract early users and generate actionable feedback.
- Proof of concept (POC)
- A test or prototype that determines whether a proposed idea is technically feasible before resources are committed.
- Product brief
- A short document defining the problem, target user, goals, and constraints for a specific product initiative.
- Go-to-market strategy
- The plan for how a product will be positioned, priced, distributed, and promoted when it launches.
- Feature prioritization
- The process of ranking product capabilities by business value, user impact, and development effort to decide what gets built first.
- Production schedule
- A document that maps manufacturing or development tasks to dates, resources, and quantities to ensure on-time delivery.
- Launch readiness
- The set of conditions — quality gates, training completion, support staffing, marketing materials — that must be met before a product ships.
- Product-market fit
- The degree to which a product satisfies a strong market demand, typically evidenced by retention, referral, and revenue metrics.
- Scope creep
- The uncontrolled expansion of a product's features or requirements beyond what was originally agreed, often causing delays and budget overruns.