Understand the terminology, acronyms, jargon, and phrases used by modern tech teams
14 Product terms
Specific observable conditions that a change must satisfy to be accepted.
The point where a new user first experiences meaningful product value.
The rate at which customers users or recurring revenue stop during a period.
The gradual addition of features that makes a product more complex than its purpose requires.
A runtime switch that controls whether selected users receive a behavior or feature.
A framework for understanding the progress people seek when they choose a product or solution.
Minimum Viable Product
The smallest product version that can test a meaningful assumption with real users.
A primary metric intended to represent the value customers receive from a product.
Product-Market Fit
Strong evidence that a product satisfies meaningful demand in a reachable market.
The work of reducing uncertainty about user problems solutions value and feasibility before or during delivery.
The extent to which users continue returning to or receiving value from a product over time.
Uncontrolled expansion of work after a project begins without corresponding tradeoffs.
The time between starting with a product and receiving its first meaningful benefit.
A short description of desired value from the perspective of a user or stakeholder.
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