AIPMM Exam Questions and Answers
100% Pass
Product Management (PdM)? ✔✔The process of conceiving, planning, developing, testing,
launching, delivering, and retiring products in the market
Process ✔✔A series of steps
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AIPMM Exam Questions and Answers
100% Pass
Product Management (PdM)? ✔✔The process of conceiving, planning, developing, testing,
launching, delivering, and retiring products in the market
Process ✔✔A series of steps and decision involved in the way work is completed
Inputs to a process ✔✔Material, People, Procedures, Customer Requirements, and Drawings
Outputs of a Process ✔✔A part, a critical dimension, a critical characteristic, communication,
date, information
ProdBOK ✔✔A widely accepted set of strategies, methodologies, concepts, terms and activities
that make up Product Management and marketing domains
Product Management Framework (PMF) ✔✔Maps the phases and stages of a Product lifecycle
Product life cycle stages ✔✔New Product Development, Introduction, Market Development
(growth, maturity, decline), and withdrawal
Phases in the Development stage of PLC ✔✔Conceive, Plan, Develop, Qualify
Phases in the Introduction stage of PLC ✔✔Launch
Phases in the Commercialization stage of PLC ✔✔Launch, Deliver, Retire
X axis in the PMF ✔✔Time
Y axis in the PMF ✔✔Focus parameter - what you are monitoring or managing
XY cell in the PMF ✔✔The details of a parameter at a given time
New Product Development (NPD) ✔✔The process of designing, creating, developing, testing
and launching new products to the market
New Product Development (NPD) process ✔✔Create strategy, generate the concept, create the
product and marketing plans, execute pre-launch activities while developing the final product for
the market
Fuzzy Front End ✔✔The period between when an opportunity for a new product is first
considered and when the product idea is judged ready to enter formal development
Commercialization ✔✔The process by which a new product is introduced to the market
Goal of Introduction stage of PLC ✔✔Building demand for the consumer
Goal of Growth stage of PLC ✔✔Establish product's position in the market, increase sales and
profits
Goal of Maturity stage of PLC ✔✔Maintain market share and extend the PLC
Goal of Decline stage of PLC ✔✔Withdraw the product from the market
Phases ✔✔Prescribed, concurrent activities
Gates ✔✔Decision points in the Phase-Gate process
Key decision points for Gates ✔✔Go, No-go, Hold, Recycle
Main issues for Gates ✔✔Quality of execution, business rationale, action plan
Main elements of Gates ✔✔Deliverables, criteria, outputs
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