AIPMM Exam Questions And Answers Already Graded A+

Product Management (PdM)? - The process of conceiving, planning, developing, testing, launching, delivering, and retiring products in the market Process - A series of steps and decision involved in the way work is completed Inputs to a process - Material, People, Procedures, Customer Requirements, and Drawings Outputs of a Process - A part, a critical dimension, a critical characteristic, communication, date, information ProdBOK - A widely accepted set of strategies, methodologies, concepts, terms and activities that make up Product Management and marketing domains Product Management Framework (PMF) - Maps the phases and stages of a Product lifecycle Product life cycle stages - New Product Development, Introduction, Market Development (growth, maturity, decline), and withdrawal Phases in the Development stage of PLC - Conceive, Plan, Develop, Qualify Phases in the Introduction stage of PLC - Launch Phases in the Commercialization stage of PLC - Launch, Deliver, Retire X axis in the PMF - Time Y axis in the PMF - Focus parameter - what you are monitoring or managingXY cell in the PMF - The details of a parameter at a given time New Product Development (NPD) - The process of designing, creating, developing, testing and launching new products to the market New Product Development (NPD) process - Create strategy, generate the concept, create the product and marketing plans, execute pre-launch activities while developing the final product for the market Fuzzy Front End - The period between when an opportunity for a new product is first considered and when the product idea is judged ready to enter formal development