The Lightning Product Audit
The Lightning Product Audit is a 30min exercise for Product Managers/Leaders to identify the key risks all products face - & to help you take concrete steps to address those risks.
Why is it so important?
If your product lacks strong foundations, it will never succeed.
Most PMs focus on all the wrong stuff, such as how to prioritize their backlog of features.
What primarily matters? If we look at the data on the right, what are the two big things that determine product success?
Addressing the right problem (represented by "lack of market need")
Building a differentiated product solution i.e., something unique + valued (6/9 of the top reasons for product failure stem from lack of differentiation)
Your job as a product leader is managing risk. Whether for the product you currently manage, a product you might be interviewing for, or coming in as a consultant, you must immediately be able to assess these two key risks.
This template was created by Prod MBA.
Get started with this template right now.
8 Different Ways to Organize Your Backlog
Works best for:
Agile
Explore 8 different techniques for managing and prioritizing work effectively with this template. From prioritization matrices to story mapping, it offers a comprehensive overview of backlog management strategies. By understanding the strengths and limitations of each approach, teams can tailor their backlog organization to optimize workflow, empowering teams to stay organized and focused on delivering value.
Good, Bad, Ideas, Action, Kudos Retrospective
Works best for:
Retrospectives, Meetings, Agile Methodology
The Good, Bad, Ideas, Action, Kudos Retrospective template offers a structured approach to retrospectives by categorizing feedback into five key areas: good, bad, ideas, action items, and kudos (appreciations). It provides elements for team members to share their thoughts, suggestions, and acknowledgments. This template enables teams to reflect on past performance, generate actionable insights, and celebrate achievements. By promoting inclusivity and constructive feedback, the Good, Bad, Ideas, Action, Kudos Retrospective empowers teams to foster collaboration, drive continuous improvement, and strengthen team dynamics effectively.
Kano Model Template
Works best for:
Desk Research, Product Management, Prioritization
When it comes down to it, a product’s success is determined by the features it offers and the satisfaction it gives to customers. So which features matter most? The Kano model will help you decide. It’s a simple, powerful method for helping you prioritize all your features — by comparing how much satisfaction a feature will deliver to what it will cost to implement. This template lets you easily create a standard Kano model, with two axes (satisfaction and functionality) creating a quadrant with four values: attractive, performance, indifferent, and must-be.
Product Strategy Canvas
Works best for:
Product Management, Planning
The Product Strategy Canvas template aids product managers in defining strategic direction and priorities. By outlining key components, such as target markets, value propositions, and differentiation strategies, this template clarifies product vision and positioning. With sections for analyzing market trends and competitive landscapes, it facilitates informed decision-making in product strategy development. This template serves as a strategic blueprint for driving product success and achieving business objectives.
Product Vision
Works best for:
Product Management, Planning
The Product Vision template helps articulate a clear and compelling vision for product development. By defining goals, target markets, and success metrics, this template aligns teams around a shared vision. With sections for outlining product features, benefits, and competitive advantages, it communicates the value proposition effectively. This template serves as a guiding light for product teams, inspiring creativity and focus as they work towards bringing the product vision to life and achieving business objectives.
Action Priority Matrix Template
Works best for:
Mapping
You and your teammates probably have more ideas than resources, which can make it difficult to prioritize tasks. Use an Action Priority Matrix to help choose the order in which you will work on your tasks, allowing you to save time and money and avoid getting bogged down in unnecessary work. An Action Priority Matrix is a simple diagram that allows you to score tasks based on their impact and the effort needed to complete them. You use your scores to plot each task in one of four quadrants: quick wins, major projects, fill-ins, and thankless tasks.