Correctly!!!
1. Product
... a process of conceiving, planning, developing, testing, launching,
Manage- ment
delivering, and withdrawing products in the market.
is ...
The product lifecycle (Product Development + Commercialization)
2. The Prod-
stages plus their phases and gates.
uct
Manage-
ment
Framework
(PMF) is ...
3. PMF Benefits (5) 1. define common language
2. provides standards for launching a products in each phase
3. allows product teams to develop and communicate mutual
product plan com- mitments
4. empowers product team to execute based upon agreed upon
objectives and schedules
5. facilitates continuous improvements to products and processes.
4. The. ProdBok ... strategies, methodologies, concepts, terms, and activities that
(product body make up the product mgmt. and marketing domains as defined
of knowledge) by AIPMM. Applies to any product or portfolio, across industries,
is ... throughout each phase of the product lifecycle.
5. X-Axis PLC Stages 1. New product dev/acquisition
(6) 2. introduction
3. growth/maturity/decline
4. withdrawal
5. commercialization
6. manufacturing operations
6. X-Axis phases *go/no-go gates between each phases
of PLC (7) 1. conceive
, AIPMM Product Management Certification Exam Answered
Correctly!!!
2. plan
3. develop
4. qualify (test)
, AIPMM Product Management Certification Exam Answered
Correctly!!!
11. Y-Axis Knowl-
edge Areas (5)
7. The term
'Phas- es' in
the PLC is
defined as ...
8. The term
'Gates' in the
PLC is de-
fined as ...
9. Y-Axis Key
play- ers on a
product team
(8)
10. In the context
of the PLC,
X/Y are
defined as ...
, AIPMM Product Management Certification Exam Answered
Correctly!!!
5. launch ities in PLC cross-functional
6. delivery gate precedes each phase
7. retire successive phases require more resource commitment
... decision points (go, no go, Hold, Recycle)
p QC checkpoints
r Investment control checkpoints
e
s *Facilitate screening - evaluating new product ideas to reduce them into a
c smaller set.
r
1. Product Manager
2. Product Mktg. Manager
b
3. Project Manager
e
4. Business Analyst
d
5. Dev Manager
,
6. QA MAnager
c 7. Customer Support Mgr.
o 8. Sales Manager
n
X=time
c
Y=your
u
focus
r
XY cell = details of your focus at that time
r
e 1. Business
n 2. Market
t 3. Customer
a
c
t
v