Home » 53 MUST KNOW ACRONYMS in Product management.

53 MUST KNOW ACRONYMS in Product management.

by Ibukunoluwa Ogundare
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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

An image containing KPI

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

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