Acronyms in Product management are the lingua-franca of the field. As a product manager whether at the Senior level or the Entry-level, there are certain acronyms you will encounter in Product Management. These are buzzwords you will find all around you and it is imperative you understand what they mean. If you’re familiar with the file, this will be a refresher course for you. If you’re new to the field, you will certainly find this interesting.
Here are a few of them;
API: Application Program Interface
ASD: Adaptive Software Development
ARR: Annual Recurring Revenue
BI: Business Intelligence
BOM: Bill of Materials
CAC: Customer Acquisition Cost
CD: Continuous Delivery
COD: Cost of Delay
CPO: Chief Product Officer
CX: Customer Experience
DA: Disciplined Agile
DACI: Driver, Approver, Contributor, And Informed
DSDM: Dynamic Systems Development Method
FDD: Feature Driven Development
GA: General Availability
GEM: Growth Engagement Monetization
GLE: Get Big, Lead, Expand
GPM: Group Product Manager
GTM: Go-To-Market
GOOB: Get Out Of The Building
HEART: Happiness, Engagement, Adoption, Retention, And Task-Success
JTBD: Jobs To Be Done
KPI: Key Performance Indicator
LESS: Large Scale Scrum
LSD: Lean Software Development
LTV: Lifetime Value
Moscow: Must-Have, Should-Have, Could-Have, And Won’t-Have
MRR: Monthly Reoccurring Revenue
MVE: Minimum Viable Experience
MOP: Method of Procedure
MVP: Minimum Viable Product
NSM: North Star Metric
NPS: Net Promoter Score
OKRS: Objectives and Key Results
PLG: Product-Led Growth
PM: Product Manager
PMM: Product Marketing Manager
PPM: Product Portfolio and Program Management
QFD: Quality Function Deployment
RAD: Rapid Application Development
RICE: Reach, Impact, Confidence and Report
SAFE: Scaled Agile Framework
SMART: Specific, Measurable, Achievable, Relevant, And Time-Bound
SWOT: Strengths, Weaknesses, Opportunities, And Threats
SOM: Serviceable Obtainable Market
SAM: Serviceable Attainable Market
TAM: Total Addressable Market
UI: User Interface
USP: Unique Selling Proposition
UX: User Experience
Voc: Voice of The Customer
TFTI: Thanks for Tuning In
WSJF: Weighted Shortest Job First
