Amongst the various frameworks available on interent, a few important PM frameworks are as follows
CIRCLES METHOD
The CIRCLES approach is a problem-solving methodology that enables product managers (PMs) respond to every design topic thoroughly and thoughtfully. The CIRCLES acronym is made up of the seven linear phases of the process: Understand the scenario, identify the client, describe the customer’s demands, prioritise, list options, weigh tradeoffs, and summarise your proposal.
PIRATES METRICS FOR STARTUPS
The phrase “Pirate Metrics” was invented in 2007 by Dave McClure, the founder of 500 Startups and a well-known startup figure. AARRR (Acquisition, Activation, Retention, Referral, and Revenue) is a tool that helps startups think through the five most essential KPIs in their business: acquisition, activation, retention, referral, and revenue.
Each of these five indicators is essential for startups and businesses in general. You won’t have a sustainable, scalable business if you don’t measure these indicators, and you won’t know whether you’re successful.
HEART FRAMEWORK
The HEART framework was created at Google by Kerry Rodden, the company’s principal UX researcher at the time. (Rodden went on to work at YouTube as a UX researcher.)
Rodden created HEART to assist Google’s UX design teams in focusing on only a few essential user metrics and quantifying those data so that they could be evaluated objectively.
The HEART framework is a strategy for improving software’s user experience (UX). The framework may be used to assess any area of a company’s user experience using five user-centered metrics. These are the measures that make up the acronym HEART: Happiness, Engagement, Adoption, Retention & Task Sucess.
CUSTOMER JOURNEY MAP
This diagram depicts all of the processes a typical prospect or client goes through while dealing with your product or service. The framework, often known as the 5 Es, aids in gaining a thorough understanding of the customer’s experience. It makes it easier for product managers to obtain insights into consumer behaviour and build strategies that are most suited to the observed behaviour.