Product management glossary
Plain-English definitions of the terms product and engineering teams use every day, from prioritisation methods like RICE and WSJF to planning ideas like program increments and Now / Next / Later roadmaps. Each entry opens with a short definition you can quote, then explains what the term means in practice, works through an example and lists the mistakes teams most often make. Where a free template or calculator helps, the entry links to it. Terms are listed A to Z below, and each card shows the first sentence of the definition, so you can scan for the one you need and open it for the full explanation.
P
- Product operating modelA product operating model is a way of organising work around long-lived, cross-functional product teams that own outcomes, instead of temporary project teams that deliver a fixed list of features.
- Program increment (PI)A program increment (PI) is a fixed timebox, typically 8 to 12 weeks, in which an Agile Release Train delivers incremental value.
R
Plan the product. Deliver the work.
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