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Questions and Answers
What is the fatal flaw of the waterfall method of product management?
What is the fatal flaw of the waterfall method of product management?
- Lack of customer validation
- Overemphasis on requirements gathering
- Inaccurate business case due to unknown costs and revenue (correct)
- Late involvement of engineers
Why is customer validation a high risk in the waterfall method?
Why is customer validation a high risk in the waterfall method?
- It happens too early in the process
- It is not necessary in the process
- It happens too late in the process (correct)
- It is too expensive to conduct
What is the difference between product-based work and project-based work?
What is the difference between product-based work and project-based work?
- Product-based work is more expensive than project-based work
- Product-based work is about outcome, while project-based work is about output (correct)
- Product-based work is about output, while project-based work is about outcome
- Product-based work is only applicable to software development, while project-based work is applicable to all industries
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Study Notes
- Waterfall method of product management involves several stages of development.
- The method starts with ideas and ends with deployment.
- The fatal flaw of the waterfall method is inaccurate business case due to unknown costs and revenue.
- Customer validation happens too late in the process, resulting in high risk at the end.
- The process becomes too focused on requirements gathering and documentation.
- Engineers are brought in too late in the process.
- Engineers are a good source of inspiration.
- Waterfall method is project-centric, leading to output that may not meet objectives.
- Product-based work is about outcome, while project-based work is about output.
- Flaws in the waterfall method can result in wastage of time and money.
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