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In this in-depth exploration, we delve into the intricate details of these two prevalent contract types. The Time and Material contract, with its adaptable and responsive nature, promises a voyage that adjusts its course as new horizons emerge. In contrast, the Fixed Price contract offers a predefined route marked with budget certainty and clear milestones, ideal for those who have mapped out their journey in advance. #dotbalance #blog #costs #typeOfContract #timeAndMaterial #fixedPrice #negotiations

The roots of Product teams can be traced back much further than the onset of the digital revolution. To appreciate the depth and breadth of Product Management in software, let's journey through its history and the pivotal moments that led to its current status. #dotbalance #blog #historicalPO #roots #origins @product

In the world of software development, a product's success is often determined by more than just technological sophistication or innovative features. Truly effective software is deeply rooted in understanding the end-user’s desires, challenges, and preferences, as well as the broader business goals of stakeholders. One of the most effective ways to gain this understanding is through feedback from both stakeholders and users. #dotbalance #blog #feedback #oppinions #stakeholders #key-users #continuous-improvement

In the realm of the IT sector, there are a few instances where the positive impact of networking can be seen as a catalysts of human interaction #dotbalance #networking #professional #IT2024

In today's fast-paced and highly competitive business landscape, product management has emerged as a critical function for organizations looking to create successful and innovative products. One of the key methodologies that have gained prominence in the realm of product management is design thinking. Design thinking is not just a buzzword; it's a fundamental approach that can make or break a product's success. In this article, we will explore the importance of design thinking in product management and how it can help organizations create products that resonate with customers and drive business growth. #dotbalance #blog #designthinking #planning #predictibility

At the heart of this alchemy are the connections between stakeholders and product managers. These relationships aren't just important; they're the lifeblood of successful product development. In this blog post, we're going to dive into why creating and nurturing these bonds with product managers is absolutely crucial and explore some tips on how to make those connections genuinely click. #dotbalance #blog #stakeholder #productmanager #relationship #trust

The success of any product hinges on the efficient utilization of software tools that streamline the entire process. Over the years, three software giants have emerged as the backbone of product management and development: Jira, Trello, and Asana. In this article, I will share my personal journey in using these platforms and how they have transformed the way I approach my work in the field of product management. #dotbalance #blog #tools #productivity #efficiency #transparency

As the software development industry continues to evolve 🖥️, the role of the Product Manager (PM) has become increasingly sophisticated and complex. A skilled PM can be the solution to help one’s enterprise achieve superior levels of efficiency, but it is important to understand what are they doing and how many roles are actually mixed into one. #dotbalance #blog #productrole #responsibilities #skillset

Keep in mind that change is inevitable (long live Agile and fast adaptability), but with the right approach, it can be a catalyst for innovation and improvement, ensuring your software projects stay on course and achieve their intended goals. #dotbalance #blog #change #scope #urgency #process

The digital age has brought a myriad of benefits to our lives, from instant communication across the globe to unprecedented access to information. But beyond these conveniences, modern software solutions also offer a promising avenue to reduce our environmental footprint #dotbalance #blog #nature #environmentCare #green #protectEarth