Yes, we all have too many meetings...so let's at least stay organized! → Discover ZipDo

How To Run A Product Planning Meeting

To run a product planning meeting effectively, one has to set a clear agenda, facilitate open discussions regarding product vision, goals, or strategies, encourage team collaboration, utilize helpful planning tools, and establish accountability for execution.

A Product Planning Meeting is a strategic gathering where key stakeholders, including product managers, developers, marketers, and even sometimes customers, discuss and make vital decisions about the product’s future. In this meeting, the aspects deliberated upon usually range from new product ideas, product development timelines, budget allocations, market research findings, feature enhancements, manufacturing processes, to marketing strategies. Thus serving as a roadmap, these sessions aim at aligning the entire team towards the shared vision for the product and ensuring its success in the market.

What is the purpose of a Product Planning Meeting?

The purpose of running a product planning meeting as a leader is to ensure alignment among team members, define goals and objectives, identify potential challenges and solutions, allocate resources effectively, and establish a clear roadmap for the development and launch of a successful product.

How To Run A Product Planning Meeting: Step-By-Step

1

Step 1: Meeting Preparation

In this step, determining the meeting’s aim is imperative which could revolve around comprehending product goals, identifying the target market or addressing potential issues. Draft an agenda highlighting key discussion points. Delegate roles such as note-taking or timekeeping. Draw in significant stakeholders for instance, product managers, developers, marketing personnel etc., to ensure a comprehensive view.

Next Step
2

Step 2: Reviewing previous actions

Deliberating on actions from previous meetings can be incredibly valuable as it aids in ascertaining the current status of the project, recognizes any tasks that have already been completed, or highlights any persistent obstacles. This discourse establishes the platform for the present meeting, allowing for a well-structured and focused discussion that can efficiently drive future actions.

Next Step
3

Step 3: Discussion on current product

Deliberate on the existing state of our product, and examine feedback from the market to evaluate if improvements are feasible. Adopt a SWOT (Strengths, Weaknesses, Opportunities, Threats) analytical approach to comprehend our competition, involving a distinctive evaluation of their strong points, vulnerabilities, potential opportunities and threats impacting their market presence.

Recommendation
Advertisement

Want to run a better meeting? Try ZipDo, our Meeting Note Software.

  • Connect your Google Calendar
  • Automatically create a note for every meeting
  • Organize your meetings and meeting notes in a channel like Slack
Learn more about ZipDo
Next Step
4

Step 4: Brainstorming session

In this phase, invite every participant to share their thoughts regarding the product. These insights could span from enhancing features, carving out sharper marketing tactics, to proposing design alterations. Foster an environment that embraces open dialogue and encourages a flux of innovative ideas, resulting in a rich brainstorming session.

Next Step
5

Step 5: Decision Making

The team must determine which proposals to advance, taking into account parameters such as resources, timeframe, cost, and practicality. Utilization of a method like voting or consensus, or even employing a decision-making matrix, can be instrumental in facilitating unbiased decision-making, ensuring the best ideas are selected for implementation.

Next Step
6

Step 6: Planning

Based on the decisions taken, create a comprehensive product development plan. This entails setting specific tasks, objectives, and firm deadlines. Identify roles and responsibilities for each team member, ensuring that their skills and experience align with the task at hand. It’s essential to communicate these details transparently to enhance coordination and collaboration.

Next Step
7

Step 7: Review of Meeting

Summarizing the critical points addressed, judgements derived, and strategic plans outlined in the discussion is crucial. This comprehensive wrap-up aids in maintaining alignment among all parties involved, ensuring everyone has a similar understanding of the decisions and a clear direction moving forward.

Questions to ask as the leader of the meeting

1. What problem does this product solve?

Explanation: This question helps the leader and the team to identify the core purpose of the product. By understanding the problem it addresses, they can ensure that the product truly meets customers’ needs.

2. Who is the target audience for this product?

Explanation: Identifying the target audience helps the team to develop a product that caters specifically to their needs and preferences. This knowledge is crucial for effective marketing and positioning of the product.

3. How does this product differ from competitors?

Explanation: Understanding the unique selling points and competitive advantage of the product is essential for its success. This question encourages the team to focus on what sets their product apart to attract customers and gain a competitive edge.

4. What are the key features and functionalities of this product?

Explanation: Defining the key features and functionalities of the product helps the team to prioritize and plan its development. This question ensures that the product encompasses the necessary elements to fulfill its purpose.

5. What are the potential risks and challenges associated with this product?

Explanation: Identifying potential risks and challenges allows the team to proactively address them during the planning phase. By being aware of these factors, they can minimize possible obstacles and increase the product’s chances of success.

6. How will we measure the success of this product?

Explanation: Setting clear metrics for success helps the team to track the product’s performance and make data-driven decisions. This question enables them to establish meaningful benchmarks and evaluate the product’s impact.

7. What is the timeline and budget for developing and launching this product?

Explanation: Understanding the timeline and budget constraints allows the team to plan the development process effectively. This question ensures realistic expectations are set, and resources are allocated appropriately.

8. How will we market and promote this product?

Explanation: Discussing the marketing and promotional strategies ensures that the product receives the necessary visibility and reaches its target audience effectively. This question helps the team outline a comprehensive plan for successful product launch and sales.

9. How will we gather feedback and iterate on the product?

Explanation: Establishing a process for gathering feedback and incorporating improvements is crucial for the product’s long-term success. This question emphasizes the importance of continuous improvement and customer satisfaction.

10. What are our goals and objectives for this product?

Explanation: Setting clear goals and objectives aligns the team’s efforts towards a shared vision. This question establishes a clear direction and helps prioritize tasks during the product planning process.

As a leader, it is essential to prepare a well-organized product-planning-meeting agenda to maximize productivity. Start by outlining clear objectives, such as defining the product strategy and identifying target markets. Break down the agenda into specific topics, allowing sufficient time for discussion and decision-making. Assign roles to team members for efficient participation and provide any necessary pre-meeting materials.

How To Prepare For A Product Planning Meeting
Meeting Preparation Icon

Topics that should be discussed in a product planning meeting include market research findings, customer needs and preferences, feature prioritization, competitive analysis, budget considerations, timeline and resources, marketing and sales strategies, and potential barriers and risks.

See Our Product Planning Meeting Template
Meeting Template Icon

Software tools to facilitate a Product Planning Meeting

Software plays a crucial role in facilitating effective product planning meetings for leaders. It allows them to collaborate with team members, track progress, allocate resources, and monitor deadlines in real-time. With features like task management, document sharing, and automated reminders, software streamlines the entire planning process, empowering leaders to make informed decisions and drive successful product launches.

Our Recommendations:

Conclusion

Running a successful product planning meeting requires strategic preparation, clear communication, and effective follow-up measures. It’s a process that goes beyond merely setting an agenda and gathering the team. It encompasses understanding the objectives, fostering open collaboration, encouraging active participation, and diligently documenting the decisions and action plans. With the right techniques, you can transform ordinary meetings into strategic planning sessions that yield tangible results, streamline product development processes, boost your team’s motivation, and significantly contribute to your organization’s overall success. Remember, the key to a successful planning meeting is not always about making it longer but about making it matter. The more engaged and productive your team, the more successful your product will be.

Popular Questions

What is the primary purpose of a Product Planning Meeting?

The primary purpose of a Product Planning Meeting is to discuss and strategize about the journey of a product, right from its conceptualization to its final launch. It involves the decision-making process regarding product design, development stages, production processes, budget allocations, timelines, and target market.

Who should attend a Product Planning Meeting?

The attendees of a Product Planning Meeting typically include project managers, product managers, marketing teams, designers, engineers, finance representatives, and sometimes, senior management. However, the specifics can vary depending on the organization’s structure and the type of product in question.

How often should Product Planning Meetings occur?

The frequency of Product Planning Meetings depends on the complexity and stage of the product, the project’s duration, and the team’s needs. It can range from weekly meetings in the initial stages of the product’s development to monthly or quarterly as the product becomes more established.

What topics are commonly discussed at a Product Planning Meeting?

Topics often discussed at a Product Planning Meeting may include the product vision and objectives, target market analysis, product design, development progress, problem-solving discussions, budget discussions, schedule updates, resource allocation and planning for next stages.

What makes a Product Planning Meeting effective?

An effective Product Planning Meeting is one that is goal-oriented and results-driven. It requires a clear agenda communicated to all members beforehand, active participation from all attendees, clear and open communication, structured discussion, use of data to support decisions, effective time management, and a clearly defined follow-up action plan.