The Lightning Product Audit template

The Lightning Product Audit

The Lightning Product Audit is a 30min exercise for Product Managers/Leaders to identify the key risks all products face - & to help you take concrete steps to address those risks.

Why is it so important?

If your product lacks strong foundations, it will never succeed.

Most PMs focus on all the wrong stuff, such as how to prioritize their backlog of features.

What primarily matters? If we look at the data on the right, what are the two big things that determine product success?

Addressing the right problem (represented by "lack of market need")

Building a differentiated product solution i.e., something unique + valued (6/9 of the top reasons for product failure stem from lack of differentiation)

Your job as a product leader is managing risk. Whether for the product you currently manage, a product you might be interviewing for, or coming in as a consultant, you must immediately be able to assess these two key risks.

This template was created by Prod MBA.

The Lightning Product Audit

Get started with this template right now.

Related Templates
Product Discovery Kick Off Workshop template thumb
Preview
Product Discovery Kick Off Workshop
5S TEMPLATE -web-1
Preview
5S Template
Project - Timeline & Key Infos template thumb
Preview
Project - Timeline & Key Infos
Action Plan Thumbnail
Preview
Action Plan Template
OKR Planning-thumb
Preview
OKR Planning Template
The Product HQ— your product s source of truth. template thumb
Preview
The Product HQ— your product's source of truth