How to improve lead time
- Importance of lead time for product managers: Lead time in product management refers to the time it takes to deliver a product or feature to the customer. Having sufficient lead time allows product managers to have ready-to-go tasks and allocate resources effectively.
- Factors influencing lead time: Lead time can be influenced by factors such as product complexity, resource availability, development processes, product quality, and customer feedback and validation.
- Strategies to optimize lead time: Product managers can optimize lead time by conducting research on similar products, performing product discovery to gather user insights, allowing UX engineers to experiment with UI/UX solutions, and managing multiple projects and tasks simultaneously.
- Building a three month lead time: Building a substantial backlog of ready-to-go tasks can help product managers have a three month lead time. This may require prioritizing bug fixes, technical debt, and code refactors during the lead time build-up. It is important to communicate the benefits and rationale behind this approach to stakeholders and team members.