The 5 Stages of Product Management

Denise129

The product management cycle is the process that product managers use to bring products to market. It typically includes five stages: ideation, development, launch, growth, and maturing. In each stage, product managers work with different teams and stakeholders to achieve different objectives.

blackfrog

The 5 stages of product management cycle are:

Ideation: This is the stage where ideas are generated and the concept for the product is created.
Research and development: In this stage, the product is developed and tested to see if it meets the requirements set in the previous stage.
Launch: The product is launched to the public and made available for purchase.
Evaluation: After the product has been on the market for a period of time, it is evaluated to see how well it is performing and whether any improvements can be made.
Retirement: Once a product has been on the market for a number of years and sales have begun to decline, it may be retired and replaced with a new product.

Frances675

The product management cycle typically consists of 5 important stages: ideation, development, planning, launches, and post-mortems.

Ideation is the first stage of the cycle, where new product ideas are generated. This can be done through market research, customer feedback, etc.
Development is the second stage, where the product is actually created. This includes all the steps from conception to final implementation.
Planning is the third stage, where the product roadmap is created. This roadmap outlines all the features and goals for the product.
Launches is the fourth stage, where the product is finally released to the public. This is a critical stage, as it can make or break the product.
Post-mortems is the fifth and final stage, where the product team reviews the product's performance. This helps them to improve the product for future cycles.