Identify product factors that may indicate that continued development may be more expensive than starting a new product, or that technical debt is too prohibitive to continue. Identify your users major use cases for your product and give them transition paths to your new product, or to other products in the industry
- [Instructor] At some point, your product will be retired.…It might be years down the road,…but all products will be replaced,…or removed from the market at some point.…Here are some things to consider…as you prepare to retire, or end-of-life your product.…Retiring your product can be caused…by a number of different factors.…One of the most common is that you have a newer product…that is replacing the other.…In this case, focus on migrating users…from one product to the next.…You need to consider how you will migrate people over…and how they'll be made aware of the new product…and adjust to the change.…
Another common reason to retire a product…is that it just isn't necessary anymore.…Products can become obsolete.…The problem or issue they had…has been solved through other means,…and spending the effort to build or grow an existing product…might not make sense.…A third reason is the increasing rate,…or growth, of technical debt.…As a product gets older,…it might have so much technical debt…that it would take far too long to rework the product.…
- Types of products and industries
- Leading through influence
- Understanding your team
- Using an agile or waterfall development cycle
- Managing your product life cycle
- Researching your market, customers, and ideas
- Planning the product
- Building the product
- Releasing the product
- Refining the product
- Understanding when it's time to retire the product
Skill Level Beginner
1. What is Product Management?
2. What Does a Product Manager Do?
When it is time to retire2m 58s
Next steps1m 19s
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