From the course: Becoming a Product Manager: A Complete Guide

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Find the riskiest assumption of them all

Find the riskiest assumption of them all

From the course: Becoming a Product Manager: A Complete Guide

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Find the riskiest assumption of them all

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- Hey guys, welcome back to the course. So in this lecture, we're going to talk about how do we take our assumption list, and identify which of them are the really risk ones, and which ones are not as risky. Now the reason why we do this is because it's a function of being lean, and it's a function of running a MVP experiment. Now remember, where it's all about mitigating risk and saving resources, so if we have a lot of factors that have to be true in order for our product or feature to be successful, it makes sense to focus first on the ones that could potentially sink the ship and make the entire thing unviable, versus some of the less risky things that are not really a big deal. You don't want to get in a situation where you spent a lot of time validating assumptions that were very very small and unrisky, only to come up to, let's say your sixth experiment, where you test a risky one and you fail miserably, and you…

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