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Product Management

9 ECTS
Bachelor
Czech | English
Jindřich Čadík

The aim of the course is to teach students the basics of product management, the essence of which is the process of launching a new product on the market (or developing an existing product). Product management begins with an introduction to basic ideas and features of the product from the customer's perspective and it ends with an evaluation of its success in the market. It is a comprehensive set of knowledge and skills, which includes business processes, basic analytics, product development, marketing, and sales. One of the key activities that students will perform during the course is the preparation of a product documentation and strategy. The course is based on teamwork of students to simulate the real environment of a product team.


Course outline

Introduction to product management
Product management principles, product typology, product manager’s role and other roles in a product team
Product vision, identification of opportunities
Basic product description, characteristics, benefits, comparison with competition. Basic analysis and description of the target customer (personas)
Market research and customer understanding
Primary and secondary research, qualitative vs quantitative research. Analysis of customers, their needs and behavior, creating specific personas. Competition analysis
Product strategy
Product roadmap, prioritization, milestones, KPI. Internal and external roadmap. Limitation and risk analysis
Product development and testing
Product development, documentation, prototype. Determination of minimum product viability (MVP), testing, redesign
Marketing and sales
Go-to-market strategy, Product Positioning, Pricing, release timing. Business case, use case, distribution, support. Startup specifics
Product metrics
Turnover, number of customers, popularity, satisfaction, etc.
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