Product management glossary

F

Product Management Terms Starting With

Feature

A feature is a distinct attribute or functionality of a product that provides value to the user and helps meet their needs or solve their problems.
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Feature

Feature

A feature is a specific functionality or attribute of a product that provides value to the user and differentiates it from other products in the market.
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Feature

Feature Audit

A feature audit is a review of all features in a product to assess their effectiveness and relevance to the product's goal.
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Feature Audit

Feature Bloat

Feature Bloat refers to the phenomenon where a product has too many features, making it complex and difficult to use. This can lead to decreased user satisfaction and increased development and maintenance costs.
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Feature Bloat

Feature Creep

Feature creep refers to the continuous addition of unnecessary features to a product beyond what was originally planned or required.
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Feature Creep

Feature Driven Development (FDD)

Feature Driven Development (FDD) is an iterative and incremental software development process that emphasizes on systematically building software functionality or features and delivering them in short cycles. It is a client-centric, architecture-centric and team-based approach to software development.
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Feature Driven Development (FDD)

Feature Factory

Feature Factory is a term used to describe an environment in which a product team pushes out features at a rapid pace with little oversight or feedback from users.
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Feature Factory

Feature Flag

A feature flag is a software development technique that allows developers to turn specific features or functionality on or off without deploying new code. It enables product managers to test new features with a subset of users before rolling them out to everyone.
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Feature Flag

Feature Gap Analysis

Feature Gap Analysis is a process of identifying the difference between the features of a product that are currently available and the features that are desired by the customers. It helps in prioritizing the development of new features and improving the existing ones to meet the customer needs.
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Feature Gap Analysis

Feature Kickoff

Feature kickoff is the process of introducing a new feature or product to the development team and stakeholders, outlining its purpose, goals, and requirements.
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Feature Kickoff

Feature Outcome Assessment

Feature Outcome Assessment is a process that involves analyzing the success of a feature request or enhancement, in terms of KPIs or metrics, after it has been implemented.
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Feature Outcome Assessment

Feature Release

Feature Release refers to a process in product management where a new product or an upgrade to an existing product is released to customers.
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Feature Release

Feature prioritization

Feature prioritization is the process of determining the relative importance or urgency of different features or functionalities of a product, in order to allocate resources and focus on the most valuable or critical ones.
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Feature prioritization

Feature roadmap

A feature roadmap is a high-level plan that outlines the development of new product features over a specific period of time. It helps product managers prioritize and communicate the features that will be added to a product and when they will be released.
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Feature roadmap

Feature-Less Roadmap

A feature-less roadmap is a strategic plan that focuses on high-level goals, objectives, and initiatives rather than specific features or functionalities of a product.
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Feature-Less Roadmap

Features

Features refer to the distinct functionality or characteristics of a product that satisfy user needs or contribute to their satisfaction, and differentiate it from other products.
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Features

Feedback Management

Feedback management is the process of collecting, analyzing and using feedback received from customers or users to improve the product or service. The goal is to identify areas of improvement and create positive customer experiences.
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Feedback Management

Fibonacci Agile Estimation

Fibonacci Agile Estimation is a type of estimation method used in agile software development, which involves assigning relative values to user stories based on the Fibonacci sequence.
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Fibonacci Agile Estimation

Finance Product Manager

A Finance Product Manager is responsible for developing and managing financial products and services that meet the needs of customers, while also meeting the financial goals of the company.
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Finance Product Manager

Fundamentally New Product

Fundamentally New Product refers to a product that represents a significant departure from the existing products offered by a company or in the market, in terms of its features, technology or design.
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Fundamentally New Product