Product Management Glossary

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.

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

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.