Product Management involves guiding a product from conception to launch, meeting user needs and business goals.
Key PM terms include PRDs (detailed document outlining what needs to be built), roadmaps (visual timeline of features), user stories (short descriptions from user perspective), and MVPs (simplest product version providing value).
Other terms like personas (fictional users based on research), acceptance criteria (conditions for feature completion), backlogs (prioritized list of features), and sprints (time-boxed development focus) are essential in PM.
Understanding these terms is crucial for building products people want to use, involving stakeholders, tracking KPIs, A/B testing features, and planning feature launches effectively.