4 Effective Risk Mitigation Techniques In Product Development: How to Successfully Address 4 Main Product Risks And Present Proven Techniques For Addressing Them
Since 40% to 60% of software products fall short of expectations, managing product risks is a crucial topic for anybody creating a new product or service. Before your business expends the time and resources on creating or enhancing a product, it is your responsibility as a product manager to make sure that those risks are addressed and that your initial hypotheses are correct. You will learn how to recognise and mitigate the four primary hazards that product development faces in this Book, 4 Effective Risk Mitigation Techniques In Product Development. You will first investigate each of the four primary product risks--demand risk, value risk, feasibility risk, and business viability risk--and how it might apply to your product and business. Finally, you'll discover how to collaborate with technical teams, stakeholders, and UX designers to test and validate your ideas. By completing this Book, you'll be equipped with the abilities and information necessary to minimise product risks and guarantee a high degree of trust prior to the commencement of product development.
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