What all aspects do you think about while formulating the product requirements/features?
Bhanu Gogia
6 replies
Replies
![Johnny Foster](https://ph-avatars.imgix.net/5710630/original.jpeg?auto=compress&codec=mozjpeg&cs=strip&auto=format&w=36&h=36&fit=crop)
Johnny Foster@johnnyfoster99
Three main things:
-User needs - what problem is this solving for them?
-Market demand - is there a genuine need or desire for this?
-Technical feasibility - can we actually build this within budget and timeline?
Share
@johnnyfoster99 How about a similar product is existing, but the market is still there, how would you differentiate?
- User Stories
- Time to Value (min. of actions / screens to reach value)
- Ease of Navigation
When formulating product requirements and features, I consider customer needs and market demands, budget and resources, technological feasibility, alignment with the company's strategic objectives, legal and regulatory compliance, potential for scalability and innovation, UX/UI considerations, and competitive analysis to ensure the product is not just viable, but also distinctive and valuable.
@liam_richie21 Great insights, good to know your approach! What's your approach towards differentiation?