GIST Planning is a product management term that refers to a framework used to prioritize and plan product development initiatives. It is an acronym that stands for Goals, Ideas, Step-Projects, and Tasks. The framework is designed to help product managers and their teams to align their efforts with the company's overall strategy and goals.
The first step in GIST Planning is to define the goals of the product development initiative. This involves identifying the key objectives that the product should achieve and the metrics that will be used to measure its success. Goals should be specific, measurable, achievable, relevant, and time-bound (SMART).
Once the goals have been defined, the next step is to generate ideas for how to achieve them. This involves brainstorming and ideation sessions to come up with creative solutions that will help the product team to achieve its goals. Ideas should be evaluated based on their feasibility, impact, and alignment with the company's overall strategy.
After the ideas have been generated, the next step is to break them down into smaller, more manageable projects. These are known as step-projects and are designed to help the product team to make progress towards its goals in a structured and organized way. Step-projects should be prioritized based on their impact, feasibility, and alignment with the company's overall strategy.
The final step in GIST Planning is to break down the step-projects into individual tasks. These are the specific actions that need to be taken to complete each step-project and achieve the product team's goals. Tasks should be assigned to specific team members and tracked using a project management tool to ensure that they are completed on time and within budget.
GIST Planning is a powerful framework that can help product managers and their teams to prioritize and plan product development initiatives. By focusing on goals, ideas, step-projects, and tasks, product teams can align their efforts with the company's overall strategy and achieve their objectives in a structured and organized way.