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Prodict

The Product Dictionary

Welcome to Prodict, the Product Dictionary. My goal is to catalog terms that are relevant to product people today. Hopefully, I capture many of the terms that drive you batty and even get the definition close to right. Since these are often emerging terms, they tend to change quickly and be used differently within different markets and organizations.
Term
Description
Related
1
Agile
2
Annual Recurring Revenue
ARR
3
ARR
Annual Recurring Revenue
4
Backlog
5
Discovery
6
Freemium
Marketing Strategy used to generate sales leads by giving away some piece of your product/service for free in the hope that you will be able to upsell the customer to a paid version. This upselling is also called “converting” them to paid.
7
High Integrity Commitment
8
Monthly Recurring Revenue
MRR
9
MRR
Monthly Recurring Revenue
10
MVP
Minimum Viable Product
11
On Premise
12
Product Strategy
13
Roadmap
14
Scrum
15
TDD
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