13. Identifying Risks

Identifying Risks Heading

Identifying and Mitigating Risks

ND036 C4 L01 A11 Identifying Risks

Identifying Risks Recap

New Terms

Edge Case: the scenario in the product which is not typical but can occur in certain circumstances

Rollback Plan: the plan you put together if you need to ”undo” your launch.

Identifying Risks for a New Product Launch

  • Is the product finished?
  • Has it been tested?
  • Do we have enough support?
  • Did we notify all of our partners?
  • Did we check with Legal?
  • Did we think about what can go wrong?
  • Do we have a rollback plan?

Our biggest risk is MISCOMMUNICATION!!!

Risk Free

True or False: a good PM should be able to identify all of the possible risks in the launch process.
SOLUTION: False

Think Like a Product Manager!

QUESTION:

Reflect on the risks we discussed

You notice a legal risk for your product. What do you do?

ANSWER:

Nice work! Here is what I would do. First, I would immediately inform my legal team and ask for their help in confirming and mitigating the issue. I would also notify leadership and the rest of my team.

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