Thread by @hellomeets

Measure your product change with a better framework!

These insights are from a meetup hosted by @nanachiang Product Manager at booking.com

In a thread for you ⬇️

1. Major dilemma of a product manager-
PRIORITIZATION

Use this graph to see where your change stands.

2. After we have prioritized our problems. It's time to act!

Start with a hypothesis.

Find the problem and think of an idea that will have an impact on user behaviour.
#hypothesis

3. Translate the hypothesis into metrics

4. Calculate the problem score

Seriousness score × % of impacted users= problem score.

The seriousness score is choosen between 1-4 depending on the frequency of the impact after change.

You can find the % of impacted user from your previous data.

5. Find the solution score.

% of leading metrics × % of lagging metrics = solution score.

We assume the solution score to be 5 here.

6. Understand the relationship between metrics

Leading and Lagging metrics are both positively and negatively correlated

If more users click the suggested keyword, we can assume that the check out rate will increase

If the error rate is high then the transaction rate decreases

7. Multiply the score.

The result you get will determine the seriousness of the problem.
1= can be ignored
5= high seriousness

We have also written a blog explaining all steps in detail.

Retweet it to help other product managers!
And share your thoughts about it.
blog.hellomeets.com/a-framework-to…