Product Development lifecycle
PoC, PoT, Prototype, MVP, Pilot - what do they all mean? What is the difference between them, and when should you use them?
Today, we are going to take a look at a technical Cloud Product Development lifecycle - in my eyes, understanding these terminologies is key to determining:
- What kind of resources (i.e., both technological and human) do you need to dedicate to a product?
- Where should you align lifecycle management with your application or service?
- How likely is it that the the product makes a good market fit or solves an issue?
- Keep your product lean to avoid wasting the wrong resources at the wrong time
- Shift to a product-based mindset
- Focus on innovation and early feedback loops
And, of course - what to expect when people start using these words, often thrown together in a conversation and sometimes even put in writing in Statement of Works and Requests for Proposals.