A structured collection of words and their associated meanings, focused on the activities related to bringing a new offering to market or improving an existing one. This lexicon encompasses phrases, acronyms, and specialized language used across various stages, from ideation and conceptualization to prototyping, testing, and launch. For instance, terms like “Minimum Viable Product (MVP)” and “User Acceptance Testing (UAT)” provide concise labels for specific methodologies and processes within the broader lifecycle.
Understanding and applying this specific terminology is essential for effective communication, collaboration, and streamlined workflow management within product teams. Consistent use ensures clarity across disciplines, reduces ambiguity, and facilitates accurate documentation. Historically, the evolution of these expressions reflects the increasing complexity of bringing innovations to market, highlighting the need for a precise and shared understanding.