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Product Life Cycle Management
GENAPT PRODUCT LIFE CYCLE MANAGEMENT
In the technology industry, product managers aren’t focusing enough on strategic inbound activities rather they are distracted by too many tactical inbound activities. Strategic responsibility in one way helps a product manager in delivering useful product to its customers on time. Typically following are few challenges that every Product Manager faces:
  • 50-70% new product introductions fail! – Make sure his product isn’t falling in that percentage
  • Meeting customer needs is a gamble! – Understanding customer needs is a key
  • Beating the Competition is a dream comes true! – Understanding competitor’s products SWOT Analysis is must
  • Releasing right product with right requirements at right time!
  • Managing requirements in traditional excel sheets, word docs – Look out for a tool that manages the requirements effectively and helps in better decision making

Solution Overview

Idea of GENAPT Product Management Tool (GPMT) is born out of a Product Manager’s frustration. The tool helps a Product Manager in better decision making and helps primarily focus on customer needs. GPMT is designed so generic that it can be customized to your company’s product lifecycle management with ease.

 
Top Benefits/values
  • Purely web based
  • Automated Requirement Management
  • Cost/Benefit Analysis
  • Competitive Intelligence
  • Product Road Map
  • Market Research Analysis
  • Anytime discussion board
  • Dashboard Management
  • Quantitative Analysis
  • Win/Loss analysis
  • Anytime Report generation – PRD, MRD documents
 
Click on the image for clear view
 
 
 

Product Manager’s Day IN/Day OUT

 

SAM a Product Manager, often spends most of his time in tactical decision making. He rarely gets time to think about strategies. On an average day, this is how he spends his time:

7:00 AM - 8:30 AM
Conference calls, demos with customers at other parts of the world

8:30 AM - 9:30 AM
Drive to Office; Sam thinks about various Strategies on the drive. He thinks of documenting strategies once there at the office

9:30 AM - 12:00 PM
Once at the office, he gets lost in the emails and voice mails that are waiting for the Sam’s response and replying to Instant message pings from Sales/Marketing/Dev teams. He completely forgets about the strategies he thought to document on his drive to office.

12:00 PM – 12:15 PM Break for coffee

12:15 PM – 1:00 PM
Meeting with development manager – discuss about various bugs, performance issues

1:00 PM – 2:00 PM Lunch Break

2:00 PM – 4 PM
Few more emails, answer them. Prepare presentations; think about features, road maps, requirements management etc.

4:00 PM – 7 PM
Track development status, daily build status, calls with customers, more emails, more Instant messages and coordinates with Sales team.

7 PM – 8 PM
way back to home; Sam again thinks about strategies on the drive. But he forgets everything when turns to office the next day.

Even after 8, he continues his work from home replying emails, and does a bit of blogging.
We believe there are many such Sam’s, who’ve been facing the heat and cursing themselves for not allotting sufficient time in strategic decision making while developing the product. For technology companies, product managers need to focus more on the strategic inbound tasks than being distracted by too many tactical demands.

 

EXPERT COMMENTS

 

Product Managers Are Working On The Wrong Things

http://www.forrester.com/Research/Document/
Excerpt/0,7211,45046,00.html

The End Of Product Development

http://www.forrester.com/Research/Document/
Excerpt/0,7211,45118,00.html

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