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AIPMM PRODUCT MANAGEMENT CERTIFICATION QUESTIONS WITH COMPLETE ANSWERS

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AIPMM PRODUCT MANAGEMENT CERTIFICATION QUESTIONS WITH COMPLETE ANSWERS

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X=time
Y=your focus
XY cell = details of your focus at that time


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In the context of the PLC, X/Y are defined as ...

,... prescribed, concurrent activities in PLC
cross-functional
gate precedes each phase
successive phases require more resource commitment


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The term 'Phases' in the PLC is defined as ...




the series of departments which carry out value-creating activities to design, produce,
market, deliver, and support a firm's products.


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Value Chain definition




Hard factors
1. strategy - how to shape vision and strategy of the company
2. structure - right org chart, right roles and responsibilities identified
3. systems - systems and processes in place to support change or strategy


Soft factors
4. skills - right core competencies to achieve change or strategy put in place. May
mean additional training or new resources to help support required skills or
competencies needed.
5. staff - right staff
6. style - rules and standards observed by staff


7. Shared values


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, McKinsey Seven-S Framework factors (7)




To analyze portfolio


a portfolio-planning method that evaluates a company's strategic business units in
terms of their market growth rate projections and anticipated market share


*cons =
too simple
market share/growth rates may not be only determinants
only considers relationship to the market leader


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BCG Growth-share matrix definition




dividing a market into distinct groups with distinct needs, characteristics, or behavior
who might require separate products or marketing mixes.


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Market Segmentation definition




1. Planning
2. Communicationn
3. Timing
4. Effective Marketing Mix
5. Compelling Messaging
6. Budget to Achieve Goals

, 7. Message reaches target customers
8. Product Readiness


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Elements of a successful launch (8)




Market trends
business models
business cases
P&L analysis
Oppty analysis
Business Intell
Competitive Intell
Product Positioning
Product Reqs
Functional Specs
Product Roadmaps
Prod Dev Monitoring
Beta Programs
launch plans
end of life plans


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Key Activities of Product Mgmt




Top 10 things you can do to make it much easier for them to be more prone to give
you a great review.


1. Put a dedicated sr. product manager on the job
2. Start earlier, work from a timeline and hold team meetings
3. Get your materials and references together and provide to reviewers.

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