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How to Prepare for New Product Development

Proper preparation for any business is an important part of success. Technical product development often requires particularly thorough preparation.

DTM Team•Product
September 5, 2022
8 min read
How to Prepare for New Product Development

Why Preparation Matters

Proper preparation for any business is an important part of success. Technical product development often requires particularly thorough preparation. It is necessary to understand the project, goals, prepare all details and make the most of your team's velocity.

Phase 1: Research and Discovery

Before writing a single line of code:

Market Research

  • Who are your competitors?
  • What gaps exist in the market?
  • What are customers paying for similar solutions?
  • What trends are shaping the industry?

Customer Research

  • Who is your ideal customer?
  • What problems do they face?
  • How do they currently solve these problems?
  • What would make their life easier?

Technical Research

  • What technologies are available?
  • What are the build vs. buy decisions?
  • What are the integration requirements?
  • What are the scalability considerations?

Phase 2: Define Success

Be specific about what success looks like:

Business Metrics

  • Revenue targets
  • User acquisition goals
  • Retention benchmarks
  • Market share objectives

Product Metrics

  • Key performance indicators
  • User engagement measures
  • Technical performance targets
  • Quality benchmarks

Timeline

  • Major milestones
  • Launch date
  • Post-launch iterations
  • Long-term roadmap

Phase 3: Assemble Your Team

The right team is crucial:

Core Roles

  • Product Manager: Owns the vision and priorities
  • Tech Lead: Owns architecture and technical decisions
  • Designer: Owns user experience
  • Developers: Build the product
  • QA: Ensures quality

Team Structure

  • Keep teams small (5-9 people)
  • Ensure clear ownership
  • Minimize dependencies
  • Empower decision-making

Skills Gap Analysis

  • What skills do you have?
  • What skills do you need?
  • Build vs. hire vs. partner?
  • Training requirements?

Phase 4: Plan the Product

Document your product plan:

Product Requirements Document (PRD)

  • Problem statement
  • Target users
  • User stories and scenarios
  • Feature specifications
  • Non-functional requirements
  • Success metrics

Technical Architecture

  • System overview
  • Component design
  • Data model
  • Integration points
  • Security considerations
  • Scalability plan

Design Specifications

  • User flows
  • Wireframes
  • Visual design
  • Design system
  • Accessibility requirements

Phase 5: Establish Processes

Set up for efficient execution:

Development Process

  • Agile methodology (Scrum/Kanban)
  • Sprint length and ceremonies
  • Code review process
  • Deployment pipeline
  • Monitoring and alerting

Communication

  • Meeting cadence
  • Status reporting
  • Decision documentation
  • Stakeholder updates

Quality Assurance

  • Testing strategy
  • Acceptance criteria
  • Bug tracking
  • Release criteria

Phase 6: Set Up Infrastructure

Before development begins:

Development Environment

  • Source control (Git)
  • CI/CD pipelines
  • Development, staging, production environments
  • Access management

Tools

  • Project management (Jira, Linear)
  • Documentation (Notion, Confluence)
  • Design (Figma, Sketch)
  • Communication (Slack, Teams)

Vendor Relationships

  • Cloud provider accounts
  • Third-party service agreements
  • Support contracts
  • Security assessments

Phase 7: Risk Planning

Anticipate and mitigate risks:

Common Risks

  • Technical complexity underestimated
  • Requirements changing
  • Key personnel leaving
  • Third-party dependencies
  • Security vulnerabilities
  • Market changes

Mitigation Strategies

  • Regular risk reviews
  • Contingency plans
  • Buffer in timelines
  • Documentation of decisions
  • Knowledge sharing

Checklist Before Starting

✅ Problem validated with potential customers

✅ Success metrics defined

✅ Team assembled with clear roles

✅ Product requirements documented

✅ Technical architecture reviewed

✅ Design concepts validated

✅ Development process established

✅ Infrastructure set up

✅ Risks identified and planned for

✅ Budget and timeline approved

Conclusion

Thorough preparation significantly increases your chances of product success. While it may feel like you're delaying progress, the time invested upfront pays dividends throughout development.

At Datamart, we help organizations prepare for and execute successful product development. Contact us to discuss your project.

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