Product Management Consulting & Ownership Services
A balanced view across all the different aspects of the product.
Product Owner is a key to maximizing the value of your product
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Primary liaison
Communicating with stakeholders and teams. Our Product Owners make sure there’s consensus from stakeholders on all major decisions and strategy with clear instructions and deliverables for the developers.
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Product vision
Applying a high level perspective to product design and development for the team to understand product goals and create an overall vision for product development.
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Product roadmaps
The product roadmap is a high-level, strategic visual summary that outlines the vision and direction for the product offering over time. It is both a strategic guide for stakeholders to reference as well as a plan for execution.
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Product Backlog
Managing and making visible the Product Backlog, or the Prioritized list of requirements for future product development.
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Prioritizing needs
Juggle the triangle of scope, budget and time, weighting priorities according to the needs and objectives of stakeholders.
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Change Management
It is vital for product success to accurately include changes to Product Backlog, track it and manage them with minimal impact on timeline and budget, improving the product to meet market expectations and maximize value.
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Measure Success
Metrics are key to track product performance. Considering metrics helps stay ahead of competitors and bring value to potential and existing customers.
Product Owner Scope Outlines
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1
Defining the Vision
Product owner is responsible for communicating with stakeholders, customers, business managers, and the development team to make sure the goals are clear and the vision is aligned with business objectives.
Deliverables:
- Definition of business objectives
- Product roadmap
- Traceability of requirements with business goals
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2
Backlog Management
The product owner’s responsibility is to create the list of backlog items and prioritize them based on the overall strategy and business objectives and effort versus value. Additionally, the product owner will need to map out project dependencies to inform the necessary sequence of development.
Deliverables:
- Backlog list
- Dependencies Map
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3
Needs Prioritization
Time to the Market is a key KPI for Product success. Managing priorities is a primary tool to get to the market as soon as possible with as much value as possible for a specific period of time.
Deliverable Matrics:
- Infrastructure logging
- Application logging
- Gathering metrics
- Alerts and notifications
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4
Overseeing Development Stages
With the vision, strategy, and product priorities set, the product owner should spend a significant amount of time overseeing the actual development of the product. During the planning stages, the agile product owner works with stakeholders to identify and organize the steps required for the next iteration. Then the Product Owner meets with their team to refine the process, identify areas for improvement, and support the sprint.
Deliverables:
- Retrospective tasks list
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5
Client Needs Anticipation
The Product Owner is an expert at understanding and anticipating the client’s needs to more effectively manage the development process.
Deliverables:
- Customer Journey Map
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6
Evaluation of product progress at each iteration
The Product Owner is accountable for each stage of the development process and the final product. They take a primary role in inspecting and evaluating product progress through each iteration.
Deliverables:
- Product development tracking
- Product exit checklist
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7
Measure Success
The Product Owner measures the success with metrics: not only how quickly developers develop the product but with financial and customer metrics and overall business value. Product Owners release new features or functionalities in every Sprint. It is important to measure if Value has been delivered after every Sprint.
Deliverables:
- Return on Investment KPI
- Cost of development and maintenance KPI
- Customer satisfaction KPI
Product manager guides every step of development lifecycle putting product and its customers first and foremost
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Customer satisfaction
Monitoring market needs and trends to develop competitive analysis for products and features to achieve maximum usability.
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Product vision and strategy management
Product manager Creates a vision map, defines product strategy, long and short term goals and adjusts near-term roadmap to meet customers and client’s needs.
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Efficient resource management
Our Product Managers respond quickly to new and changing requirements with a clear understanding of the costs and benefits of each choice which leads them to right decisions.
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Effective communication hub
Our Product Managers create a productive communication environment within stakeholders, development team, marketing and sales to ensure the clear vision of the product.
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Empowered independent decision making
Product Managers collaborate with the engineering team to deliver work in time creating an environment that facilitates the decision making process.
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Reduced risks
One of the Product Manager’s tasks is gathering feedback, looking at metrics and delivering value to customers to reduce the risk of product failure.
Product Management Services Scope Outlines
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1
Product Management
Product Manager controls every product lifecycle from creating idea to market positioning to ensure that customers’ needs are met.
Deliverables:
- Product Vision
- Product and Market Strategy
- Customer Insights
- Product Roadmap
- Lean Product Development approach
- Prioritized and Measured backlog
- Release planning
- Sales and support training
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2
Competitor and Market Analyses
An essential instrument to identify market trends and market gaps. Finding new ways to differentiate and meet customer needs ultimately ensures a better product delivery.
Deliverables:
- List of research materials such as the company's website, customer reviews, financial information, and press releases
- Documented results related to UX or functionality
- Identified product strengths and weaknesses based on customer reviews
- Competitive analysis report
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3
Product Successes and Measuring management
Product Management Metrics are key to track product performance. Product Manager makes sure the product provides value to customers that is turned into revenue.
Deliverable Matrics:
- Engagement
- Revenue
- Conversion
- Retention
- Activation
- Active usage
- User satisfaction
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4
Product Hypotheses testing and experiment management
Provide opportunities to minimize the risk of failure. Trying small changes at scale, testing on users, occasionally failing but using these results to learn, grow and optimize is the guarantee to success.
Deliverables:
- RExperiment design
- Identified assumptions
- Identified riskier assumptions
- Conceptualized solution
- Validated solution
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5
Communication and team management
It ensures proper distribution of product messages through establishing accurate communication between the development team and executive management to understand the product vision and goal.
Deliverables:
- Communication Plan including executives, team (marketing, sales, successes) and customers
- Stakeholder management plan
- RACI Matrix
- Established communication line with customers
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6
Product Risk Management
Conducting risk management planning, identification of risks, analysis, planning and implementing of risk responses.
Deliverables:
- Identified Strategic Risks
- Identified Executional Risks
- Facilitate Implementation of Risk Responses
Our Key Methodologies
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Scrum
Monitoring market needs and trends to develop competitive analysis for products and features to achieve maximum usability.
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Kanban
Used for projects where production support is needed or the project roadmap isn’t planned out yet.
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Scrum + Kanban
Used for projects where production support is needed – part of the team works using Kanban, and the second part works with a defined roadmap, mostly focused on the new features.
We Offer Product Management Consulting for any Mix of Services
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Web Development
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Mobile Development
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MVP Development
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UI/UX Design
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Product Development
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Product Design
Key Tools We Use for Product Management Consultancy
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Documentation management
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Atlassian Confluence
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Google Drive
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Ticket/Bug Tracking
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Atlassian Jira
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Communication
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Zoom
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Google Meet
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Slack
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Onsite workshops
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Software Product Management really matters
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According to Survey Conducted by The 250 Group in 2021, a fully optimized Product Manager could increase company profits by 34.2%.
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The Product Manager keeps an eye on Market trends, Clients needs, user feedbacks, KPIs to control the development of the product, to test hypotheses, so that product delivers the ROI and meets customers' needs.
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The Product Manager adjusts the product development according to the market needs and prioritize the feature development, ensures that every member involved in the production understands the product vision and acts accordingly for product successes.
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To optimize the effectiveness of your development process, the Product Owner employs a well-defined backlog, examines that Product Increment and determines if it has been produced in accordance with the goals of the product.
Why work with us?
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1
Moving gears from the first meeting
We want you to get a clear understanding of what you get. Our team provides research on your project and comes up with a balanced solution between your idea and market need.
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2
15% of deviation of delivery time
We are used to working with tight deadlines. This approach brought us to the concept of precise estimates and minor deviations. It helps set clear expectations and excludes overpromising.
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3
2x faster development with pre-made engines
While other companies deploy web solutions within a couple of years, we do it faster. Save time with our pre-made engines that can be customized for your future product.
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4
We employ brilliant IT talents
All our Product Managers Consultants and Product Owners are very qualified and highly experienced in multiple industries and projects of different complexity.
What questions do you have?
When do I really need product management services?
The task of a product manager is to help to make an idea of a product a reality. Product manager guides every step of the development lifecycle putting the product and its customers first and foremost. Product manager creates a vision map, defines product strategy, long and short term goals and adjusts near-term roadmap to meet customers and client’s needs, reduces risks, creates effective communication with all stakeholders and monitors market needs and trends to develop competitive analysis for products and features to achieve maximum usability.
Should I opt in for product ownership services when building an MVP?
The task of a product manager is to help to make an idea of a product a reality. Product manager guides every step of the development lifecycle putting the product and its customers first and foremost. Product manager creates a vision map, defines product strategy, long and short term goals and adjusts near-term roadmap to meet customers and client’s needs, reduces risks, creates effective communication with all stakeholders and monitors market needs and trends to develop competitive analysis for products and features to achieve maximum usability.
Can you share the impact of product management services for newly developed software?
Product Owner is a perfect choice when developing an MVP. Product owner will lead all the communication between client and delivery team, create a roadmap and backlog of the project, prioritize needs, make changes during the development process if needed, and measure the success of a finished product MVP.
Can you set up a dedicated product management consultant for my project?
Sure. We offer multiple cooperational models for product consulting services so that you can choose the one that suits you better. It can be part-time when a project management specialist or team reports directly to your Manager, both hourly rate and fixed pricing models are applicable.
Also, we can arrange a full-time cooperation, so that a single specialist of a project management consultants would work only for your project and report to your managers
Don’t dream for success, contact us
Leave an inquiry or contact us via email and phone. We will contact you within 24 hours during work days.
