| Conceive |
Define a worthwhile product opportunity linked to a real business problem or opportunity. |
Clarity |
Problem statement, opportunity summary, use cases, value hypothesis, risk view |
| Should we / Shouldn't we |
Decide whether the initiative should proceed based on value, feasibility, and risk. |
Decision confidence |
Business case, options analysis, feasibility assessment, recommendation |
| Plan |
Define scope, priorities, roadmap, governance, success measures, and delivery structure. |
Execution readiness |
Scope pack, MVP definition, roadmap, requirements, KPI framework, delivery plan |
| Develop |
Guide build decisions so the right solution is delivered properly. |
Delivery control |
Refined backlog, requirement clarifications, decision logs, review cadence |
| Iterate |
Improve the solution using feedback, usage, and early operating evidence. |
Product improvement |
Feedback review, issue log, enhancement priorities, iteration plan |
| Launch |
Prepare the business and users for successful release and adoption. |
Adoption readiness |
Launch plan, readiness checklist, communications plan, support model |
| Steady State |
Establish governance, ownership, reporting, and ongoing product management routines. |
Governance and value management |
Operating model, KPI dashboard definition, reporting cadence, prioritisation rules |
| Maintain or Kill |
Review whether to continue investing, redesign, integrate, or retire the product. |
Investment discipline |
Performance review, value realisation review, recommendation and transition plan |