<ul data-eligibleForWebStory="true"><li>Product management involves understanding the product, its features, limitations, and evolution over time.</li><li>New product creation involves starting with essential features, validating hypotheses, and adapting to market needs.</li><li>Managing a mature product involves dealing with a large number of features, bugs, and technical debt.</li><li>Systematic product decomposition helps prioritize features based on their impact on product value and cost.</li><li>Collecting input data from sources like user documentation, product specifications, user stories, and product bugs is essential for product decomposition.</li><li>Building a manageable dashboard based on feature registry helps identify core product functionality and additional domains.</li><li>The process of functional decomposition assists in understanding the cost of each feature, its value, and potential improvements.</li><li>Data-based management can enhance product quality and market positioning by making informed decisions.</li><li>Understanding the details of the product is crucial to avoid management mistakes and improve overall product performance.</li></ul>

Know Your Product: A Practical Guide to Functional Decomposition

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