Part 1 - Product Development Frameworks Flashcards
What is IDEO’s DVF Framework?
A tool to evaluate product success based on user desirability, technical feasibility, and financial viability
What three key factors does the DVF framework assess?
User desirability
Technical feasibility
Financial viability
How does the DVF framework aid product development teams?
By reducing uncertainty and ensuring products are desirable viable and feasible
How can ideas be rated using the DVF framework?
By giving a rating of the product from each section of the DVF
How does the DVF framework complement design thinking?
Combining both ensures practical, sustainable, and user-centered products
What is the focus of the Lean Startup Methodology?
Cyclically building, measuring, and learning to develop products efficiently based on real market needs
What does the Lean Startup Methodology encourage?
It encourages creating a MVP to test hypotheses and refine the product iteratively based on user feedback
What approach does Design Thinking use?
A deep understanding of end-users needs and challenges
How many stages are in the Design Thinking process?
There are five stages in the Design Thinking process
What are the five stages of the Design Thinking process?
- Empathize
- Define
- Ideate
- Prototype
- Test
What is the primary application of Agile Development?
Agile Development is used primarily in software development
What does Agile Development involve?
It involves continuous iteration of development and testing throughout the product lifecycle
What does Agile Development promote?
Response to change and frequent delivery of functional product increments
What does the Stage-Gate Process divide?
The Stage-Gate Process divides the product development process or project into several stages separated by “areas of review”
What determines continuation in the Stage-Gate Process?
The decision to continue the development process is based on whether critical predefined criteria have been met
What is Scrum a subset of?
Scrum is a subset of Agile development
What does Scrum manage?
Scrum organizes teams and manages the work process
What are the short cycles in Scrum known as?
The short cycles in Scrum are known as sprints
What is the focus of the Jobs to Be Done framework?
Jobs to Be Done framework focuses on the customers underlying objectives (jobs) that they want to accomplish with a product
What does the Value Proposition Canvas help ensure?
It helps ensure that a product or service is positioned around what the customer values and needs
What does the Business Model Canvas provide?
It provides a visual chart describing a companys value proposition, infrastructure, customers, and finances
What is the focus of Feature Driven Development?
Prioritizing and delivering features valued by customers
What framework evaluates the desirability viability and feasibility of a product?
IDEOs Desirability Viability Feasibility (DVF) Framework
What does IDEOs DVF Framework help teams do?
It helps teams create successful products by ensuring that key factors are considered and balanced throughout the development process
What are 10 product development frameworks discussed?
Lean Startup Methodology
Stage-Gate Process
Design Thinking
Feature Driven Development
Business Model Canvas
Jobs to Be Done
DVF Framework
Scrum
Agile Development
Value Proposition Canvas
