« Be stubborn on vision,
but flexible on details. »

Stronger. Together.

Make sure the (Internal & External) teams are fully aligned with the vision, following your lead and understanding the « why » of the products. The best way to do that is by sketching, drawing arrows, diagrams and prototypes, listing features, requirements and specifications.

Manage expectations. Balance frustrations. Excel in communication.

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Hello

Here are 2 communities to join – to keep learning and growing:

1. The Product Consortium
2. The Product Compass

Why does project management matter ?

I asked GPT what « product management » means and how to actually properly manage a project 🤓

Btw. it’s actually a very good practice to double check everything with GPT – it gives you great ideas and make sure you pay attention to the details (ex. in this case: monitoring, controlling and closing are definitely essential steps and I saw many projects fail because of not periodically monitored).

➡️ PM is the process of leading a team to achieve specific goals and meet specific success criteria within a defined timeframe. It involves planning, organizing, and overseeing all aspects of a project to ensure it is completed on time, within budget, and to the desired quality standards.

Key Elements of Project Management:

1. Planning: Defining the project’s scope, objectives, and deliverables, and developing a detailed plan outlining tasks, timelines, resources, and budgets.
2. Organizing: Assembling the project team, allocating resources, and establishing roles and responsibilities.
3. Executing: Coordinating the efforts of the team to carry out the project plan, ensuring tasks are completed as scheduled.
4. Monitoring and Controlling: Tracking the progress of the project, managing risks, addressing issues, and making necessary adjustments to stay on course.
5. Closing: Finalizing all project activities, delivering the final product, and conducting post-project evaluation to capture lessons learned.

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Why does Project Management matter ?

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1. Ensures Clear Objectives: Provides a structured approach to defining goals and objectives, so everyone knows what success looks like.
2. Improves Efficiency: Help organize resources and activities efficiently, reducing waste and optimizing productivity.
3. Manages Risk: Identifies potential risks early and creates plans to mitigate them, reducing the chance of project failure.
4. Enhances Communication: Facilitates communication and collaboration among team members, stakeholders, and clients, aligning everyone towards a common goal.
5. Delivers Value: Ensures the final product or service meets the intended quality and delivers value to the customer or market.

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In short, project management is essential for turning ideas into reality, managing complex tasks, and delivering successful outcomes, especially in dynamic and fast-paced environments.

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